RES 08-049 - Laserfiche WebLink

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~~.~, ~~ ~e purpase of ~ixanea~a ~at~te; ectians 49.1 ~? ~rau~h 4~9. ~ ~ won a.s e ~nnesota un~ciai ~ndu~ ~eveioprnent ~4c~ ate "A.''} and end determined ~ the ieisiat~xe is to prarna~e e weire a e ~a~e by e active at~ractian and enCa'a~ernent and. deveian~en~ a ecan~m.i~i1~ sand industry ~ can~naerce ~a prevent a far as ~oib~e ~e en~er~ece of bii~hted ~~ mar~ai Iands and areas of chranic unern~ia~~nen~; ~~ ~acto~s necessitating the a~cti~e raatian and de~eiapn~ent a eeonancaiiy sand i,.nd~atr~f and am.n~erce are die increa~n~ cancentratian a~ ~a~aon in e metrapaiin areas and e rapidly rising .crease in ~, an~aunt a~.d cast a~ ~overnn~.entai seises r~uired to meet the needs a~ ~e increased popuiatian and tie need far de~eiap~nent a~ land use which iii pravide an adeq~,ate taws base to finance ~ese increased casts and access to e.pianent ap~ornities far snh papulation; ~c~ ~,~ pity ocil of the pity a~ ~~ River, ~inneata ~e °'i"} has recet~ed a ~rapaai rangy fetal ra ~ach~ne ~n~ineerin~, inc., a ~innesata co~para~ian, ~a~vey raperties ~ald,~s, L and 11~a~~~ ~raperties, ~L; ~inneata l~rnited liabiii ca~npani.es, ane ar mare a~ these entities mill e ~e barroer in cannection with the issr~ance of Re~ex~ne fonds, descried beta, ~c~llecti~el~ tie "ampan~„} that tie ~ assist , ~inancin~ a Praect hereinafter described, thra~.~l~ e issuance a revenue ha~.ds in e appra~%~nate p~cia amaunt of ~,aaa,a00 ~re~eed to in this resalutian as "~ven~.e Binds"~ truant to ~ pct; ~d~ the ~it~ deixes to facilitate ~ selective de~elapn~ent of the can~.uni. retain and in~~rove the tai base and ~eip to pravide tl~e range of services and em.pla~m.ent appartunitie requixed ~ ~ papulatian; and ~e ~ra~ ect ~~l assist the its in achieving vase ab~ ecti~re. ~`he ra~ect will help to increase ~~ capacities of e iffy and urxaundin area and help maintain pasitive relatxan~p beeen ta~~ capacities and deft and enhance e irria~e and reputation of . r Can1~~nl; ~~ ~`he Pray ect to be ~~nanced b~ the Revenue Bonds ~ the canstructian of an appra~nateiy a,aaa square faat n~anu~actu~n faciiit~ ~'or n~edica.l de~rices, iciu.din~ related eru~.pn~ent and ~shir~.~s, iacated at 7a business tenter Drive ~e iy loch are a~rned and operated by the am.~an4 and ill result in ~ creation of en~piayrrient appartunities within the facilities. ~ ~`he pity has been advised ~y representatives of she ~am.pan~ that can~entian~, can~ereiai ~ll~~nCi~,v to pay the capital cast of the 'ra~ect is avaiia~le any an a limited basis