RES 1980-72 - 000065281 ®9
RESOLUTION NO. 72 - 1980
RESOLUTION CALLING FOR PUBLIC HEARING PURSUANT TO
MINNESOTA STATUTES, SECTION 474.01, SUBD. 71b. ON BEHALF OF
PROPOSED INDUSTRIAL DEVELOPMENT PROJECT BY THE WEBB COMPANY
WHEREAS, a proposal has been made to this Council by The Webb Company, a
Minnesota corporation (the "Company "), to undertake a project (the "Project ")
pursuant to the Minnesota Municpal Industrial Development Act, Minnesota
Statutes, Chapter 474 (the "Act "); and
WHEREAS, the Project consists of the construction of a printing facility and
the equipping thereof in the City of Fridley, Minnesota; and
WHEREAS, Section 474.01, Subd. 7b, of the Act requires this Council to
conduct a public hearing on said proposal and to publish notice of said
public hearing not less than 15 days nor more than 30 days prior to the date
fixed for the hearing; and
WHEREAS, the Company has delivered to this Council a draft copy of a proposed
application to the Minnesota Commissioner of Securities, together with all
attachments and exhibits thereto, and said application, attachments and
exhibits are now on file with the City Clerk;
NOW, THEREFORE, BE IT RESOLVED that a public hearing shall be conducted by
this Council, on the proposal to undertake and finance the Project, on August
18, 1980 at the City Hall, at which hearing all parties who appear shall be
given an opportunity to express their views with respect to said proposal; and
BE IT FURTHER RESOLVED that notice of the time and place of hearing, and
stating the general nature of the Project and an estimate of the principal
amount of bonds or other obligations to be issued to finance the Project
shall be published at least once not less than 15 days nor more than 30 days
prior to the date fixed for the hearing, in the official newspaper and a
newspaper of general circulation of the City. The notice shall state that a
draft copy of the proposed application to the Minnesota Commissioner of
Securities, together with all attachments and exhibits thereto, shall be
available for public inspection following the publication of such notice and
shall specify the place and times where and when it will be so available.
PASSED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF FRIDLEY, MINNESOTA THIS
4TH DAY OF AUGUST, 1980.
WILLIAM J. NEE - MAYOR
ATTEST:
MARVIN C. BRUNSELL - CITY -CLEKK
1 1 0 Page 2 -- RESOLUTION NO. 72 - 1980
(Official Publication)
NOTICE
OF PUBLIC HEARING ON
INDUSTRIAL DEVELOPMENT PROJECT
ON BEHALF OF THE WEBB COMPANY
NOTICE IS HEREBY GIVEN that a public hearing shall be conducted by the City
Council of the City of Fridley, Minnesota on an industrial development
project proposed to be undertaken and the City and The Webb Company, a
Minnesota Corporation (the "Company "), at the City Hall in said City on
Monday, the 18th day of August, 1980 at 7:30 o'clock p.m. The project is
proposed to consist generally of the construction of a printing plant in the
City of Fridley, Minnesota, and the acquisition and installation of equipment
therefor, together with any required site improvements. Under the proposal,
up to approximately $9,600,000.00 in principal amount of Industrial
Devlopment Revenue Bond of the City of Fridley will be issued to finance the
project. A draft copy of the proposed Application to the Minnesota
Commissioner of Securities for the project, together with all attachments and
exhibits thereto, shall be available for public inspection following this
publication of notice in the office of the City Clerk of the City of Fridley,
6431 University Avenue NE, Fridley, Minnesota 55432, Monday through Friday,
except legal holidays, from 8:00 o'clock a.m. to 5:00 o'clock p.m. to and
including the date of hearing.
Dated: August 4, 1980
BY ORDER OF THE CITY COUNCIL
MARVIN C. BRUNSELL, CITY CLERK ,
Publish: July 30 and August 6, 1980
0054A/0660A