Laserfiche WebLink
CASE #~,, <br /> <br />ADOPT RESOLUTION GIVING PRELIMINARY APPROVAL FOR TAX <br />EXEMPT INDUSTRIAL REVENUE BONDS; CASE OF DENNIS L. SHARP <br />By: Sylvia Frolik, Acting Community Development Director <br /> <br />Background/Observations: <br /> <br />On May 15, 1990, the City of Ramsey received documentation relating to a request for Tax EXempt <br />Industrial Revenue Bonds for Dennis L. Sharp. The request for Industrial Revenu~ Bonds, with <br />an estimated project value of 1.4 million will be used for the proposed 60,032 square foot office/ <br />warehouse building for Parabody, Inc. The proposed project will be located on Lot 2, Block 1 of <br />the proposed Gateway North Industrial Park Plat 4 Addition. <br /> <br />On May 22, 1990, the Ramsey City Council adopted Resolution g90-05-155: Resolution <br />Approving Industrial Development Bond Project on Behalf of Ramsey Investments, Calling For <br />Public Hearing on June 12, 1990, on Issuance of Revenue Bonds, and Authorizing Submission of <br />Application for Bond Application. <br /> <br />On June 4, 1990, the application for bond allocation was granted by the Minnesota Finance <br />Department. <br /> <br />On June 12, 1990, the Ramsey City Council adopted Resolution g90-06-173: RESOLUTION <br />GIVING PRELIMINARY APPROVAL TO A PROPOSED INDUSTRIAL DEVELOPMENT <br />PROJECT AND TI-IE ISSUANCE BY THE CITY OF REVENUE BONDS THEREFORE ON <br />BEHAI.F OF RAMSEY INVES~~S AND PARABODY, INC. UNDER THE MUNICIPAL <br />INDUSTRIAL DEVELOPMENT ACT AND AUTHORIZING SUBMISSION OF AN <br />APPLICATION TO THE MINNESOTA DEPARTMENT OF TRADE AND ECONOMIC <br />DEVELOPMENT FOR APPROVAL THEREOF. <br /> <br />For your information, the fonowing items are enclosed: <br /> <br />A) <br />B) <br />C) <br />D) <br />E) <br />F) <br />G) <br />H) <br /> <br />13 <br />J) <br /> <br />City of Ramsey Resolution g90-05-156 <br />Public hearing notice (May 22, 1990) <br />Printer's Affidavit of Publication - Anoka Union 0viay 25, 1990) <br />Affidavit of Publication - Star Tribune (May 29, 1990) <br />Resolution 4~90-06- I73 <br />Application to Department of Trade and Economic Development <br />Lettur from City to Department of Trade and Economic Development <br />Certificate of Allocation from 1990 Unified Pool from the Minnesota Department of <br />Finance (June 6, 1990) <br />Leuer from Holmes & Graven (The City's Bond Counsel) (June 18, 1990) <br />Proposed Resolution <br /> <br />In addition, but not included in this agenda due to the number of pages, are: <br /> <br />K) <br />L) <br />M) <br />N) <br />O) <br />P) <br /> <br />Trust Indenture <br />Loan Agreement <br />Mortgage <br />Assignment of Leases and Rents <br />L~ase Guaranty <br />Subordination Agreement <br /> <br /> <br />