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5.2. SR 07-07-2008
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5.2. SR 07-07-2008
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7/3/2008 4:24:37 PM
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7/3/2008 2:45:05 PM
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City Government
type
SR
date
6/16/2008
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~~~~~~ ~• <br />~~~ ~ <br />~~ T~~a uane a~' innosat ~tat~~tos, ~ct~an ~,1~ ~i~xaui~ ~J. ~ ~ i~a~~rn ~ <br />~iae ~i~esota unici~ai ~ndustal ~e~oio~n~ent het ~ti~e ~`A,c~"~ as found and detern~~n~d ~~ <br />~~~~ A~u.,l~.~~~'~ ~ ~a ~`a~~V~~ ~~~ V~~~~~~'~ a~ ~~~~ 5~~~~ ~ t~1~ ~~~V ~~~~~C~Ia~ ~I~C~ ~I~~aL~1~~I~~~~~ <br />~~~~ de~e~o~~~~ant off` ocono~~niaali aund indust~~ and aon~~n~ae to p~a~ant so ~' ~~ ~osibie tiro <br />en~er~ene o~biY~i~~ed and n~arinai ia~~d and a~•aas o'e~~ronic une~n~~o~.~ent; <br />~} aato~s n~easi~~~zn t~~e active ~ran~atian and develo~n~n~ ~f aeanon~~~aily <br />sound indut and con~n~crce aye tt~o inc~eain~ concentration of pa~ulat~~n in tine n~et~~po~itan <br />a~~eas ~.~~~ t~~e ~•a~idiy r~~n increase in t~~e a~~naunt end cast of ~a~e~ental seines ~*a~u7rad xa <br />~r~eet t~~e needs of t~~e increased ~opulatian and tl~e need for de~elap~~nent of ia~~d use i~ic~~ ~~i~i <br />provide an adequate tax base to finance ~~~ee increased casts and access to en~~io.~ent <br />appa~~tunities for suc~~ papuiatian; <br />~a} Tire icy ~auncii of tea its a i~ .~~er, ~i~.~ata ~t~~a "it~,~~ i~~ racai~~~. ~ <br />praposai o~~n fetal ~•.~ ae~ne Engineering, inc.} a Minnesota a~a~*atiaY~, ~av~~ <br />~roci~ties ~aid~~~s, L,L, anal ~a~rr~ ~rape~ies, L~, ~~nncsota lin~ited iiabi~it con~a~~ies, <br />o~~c a~~ n~ore of ti~ese en~i~ie ~i~i be ~i~e ba~~ra~ver in co~.~ec~ion ~vit~~ tl~e issuance a~ le~enue <br />fonds, described beia~r, caliecti~e~~ ire ~~on~pan~r~>~ t~~at ~~~e its assist in ~nanci~~ 'ro~ect <br />hereinafter described, ~~aui~ tie issuance of revenue bonds in ~~~e approxin~ate principal <br />an~at~nt of ,aaa,~aa ~refe~~rcd to ~ t~~r resolution as "e~renue ~onds'~~ pursuant to tine ~.ct; <br />~~.} Tire its desires to facilitate t~~e seleoti~re deveiapn~en~ of the can~~r~u~~ty, retain <br />and in~prave the tax base and l~elp ~a ~ravide tl~e pane of ser~~ces and en~pla}.ent appa~~n~ties <br />required ~ tl~e population, and the ~ra~eet ill assist ~~~~ ~~~ in acl~ievin~ tl~ose ab~ec~ir~es. Tl~e <br />l~ra~ect mill l~e~p fia ine~ease tax capae~~~es of tl~e ~t~ and surrou~d~n~ a~•ca anal l~elp n~ainta~n a <br />pasiti~re ~ elationl~i between tax oa~aoities and debt and e~~l~ane tl~e i~na~ a~~d ~eputa~ion a~ tl~e <br />con~n~uni~~ <br />fie} ~"l~e ~ra~ ec~ ~o be financed b tl~e revenue Fonds is tl~e const~.~ct~on of an <br />app~axin~a~cl~ ~3,~aa square fact n~anufctun faci~it~ `or medical de~rices, i~cludin related <br />eclui~~r~ent and ~~,~r~~il~ins, located ~ ~ 3~~~ business tenter ve ~n t~~e its v~hicb a~,e owned <br />and operated by tl~e a~npan~r and. v~ill result in tl~e creation of en~plo~ent oppo~~uni~ies i~l~in <br />tl~e facilities. <br />~ ~'he its leas been advised b~ representatives of tl~e arnan~ tl~at canventianal, <br />con~n~ercial ~nancin to pad tl~e capital cast a~ tl~e Pray ect is mailable anI}~ an a limited basis <br /> <br />
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