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IIISTATE OF MINNESOTA <br /> COUNTY OF SHERBURNE <br /> CITY OF ELK RIVER <br /> RESOLUTION NO. 82-4 <br /> RESOLUTION RESCINDING PRELIMINARY APPROVAL <br /> FOR A PROJECT PROPOSED BY CAR-SON HOMES, INC. <br /> RECITALS: <br /> A. By resolution adopted at a meeting of this Council held <br /> April 2 , 1979 , this Council gave its preliminary approval <br /> to a proposal made by Car-Son Homes, Inc. , (Car-Son) , that <br /> the City undertake financing assistance under the Minnesota <br /> Municipal Industrial Development Act Chapter 474 , Minnesota <br /> Statutes (Chapter 474) , for a project proposed to consist <br /> of a development of residential properties in Tamarack, <br /> then a new subdivision within the City owned or controlled <br /> by Car-Son. <br /> B. Representatives of Car-Son have now requested that the <br /> City proceed with the financing to which the resolution <br /> 0 adopted April 2 , 1979 pertains. <br /> C. After careful consideration, this Council has concluded that <br /> it is not in the best interests of the City to authorize the <br /> requested financing. <br /> NOW, THEREFORE, BE IT RESOLVED, that the resolution adopted <br /> April 2 , 1979 , with respect to financing housing pursuant to <br /> Chapter 474 Car-Son Homes, Inc. for the development of residential <br /> properties in the Tamarack subdivision is hereby rescinded and <br /> revoked. <br /> -e-47- <br /> -,-- ----7 -,e, -74 <br /> Richard Hinkle, Mayor <br /> ATTEST: <br /> <7 <br /> Robert C. Mi daugh, C . y Admistrator <br /> Ill <br />