RES 1984-05 - 00005322RESCLUTION NO. 5 - 1984
RESOLUTION AUTHORIZING THE CITY MANAGER THE AUTHORITY TO
ADMINISTRATIVELY CALL FOR THE PUBLICATION OF PUBLIC
HEARING NOTICES FOR THE ISSUANCE OF INDUSTRIAL DEVELOPMENT
BONDS
WHEREAS, the State Law allows for the adminsitrative meeting of public
hearings for Industrial Development Bonds; and
WHEREAS, the timing in the issuance of Industrial Development Bonds is
normally a critical part of the process due to existing market conditions; and
WHEREAS, the City Council will retain the authority for final approval of
issuance of Industrial Development Bonds.
NONj THEREFORE, BE IT RESOLVED that the City Council of the City of Fridley
does authorize the City Manager to administratively publish notices calling
for public hearings for the issuance of Industrial Development Bonds.
PASSED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF FRIDLEY THIS 9TH DAY OF
JANUARY, 1984.
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�.
WILLIAM J. E MAYOR
ATTEST:
' SIDNEY C. - CITY CLERK