RES 1981-109 - 000063335' • r epvp1 :M
ULDEV-6 1 1H) (OR 1 • 1 • 1 . •
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WHEREAS, a proposal has been made to this Council by Fehling, Fehling, and
Nybo, a Minnesota general partnership (the "Company), to undertake a
project ( "the "Project ") pursuant to the Minnesota Municipal Industrial
Development Act, Minnesota Statutes, Chapter 474 (the "Act "); and
WHEREAS, the project consists of aquiring land and constructing an
approximately 30,000 square foot office building 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 proposal to undertake and finance the Project, on
October 19, 1981 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 ad times where and
when it will be so available.
PASSED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF FRIDLEY, MINNESOTA
THIS 20TH DAY OF JULY, 1981.
WILLIAM J. NEE R
ATTEST:
SIDNEY C. NMAN - CITY CLERK
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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 by the City and Fehling,
Fehling, and Nybo, a Minnesota general partnership (the "Company "), at the
City Ball in said City on Monday, the 19th day of October, 1981 at 7:30
o'clock p.m. The project is proposed to consist generally of aquiring
land and construct an approximately 30,000 square foot office building in
the City of Fridley, Minnesota. Under the proposal, up to approximately
30,000 square foot office building in the City of Fridley, Minnesota.
Under the proposal, up to approximately $1,975,000 in principal amount of
Industrial Development Revenue Bonds 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 will
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 N.E., 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 September 28, 1981
By ORDER OF THE CITY COUNCIL
SIDNEY C. NV= - CITY CLERK
Publish: September 30, 1981
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