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Agenda - Council - 06/26/1990
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Agenda - Council - 06/26/1990
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Meetings
Meeting Document Type
Agenda
Meeting Type
Council
Document Date
06/26/1990
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It is presently estimated that construction ~ill. begin o~ or about ~.~) ........... <br />19.90., and will be complete o~gr about .... ~?~.e.~p~.% .... , 19~q,. When completed~ <br />there will be approximately ..~.~. new Jobs created by the project at ~n annual payroll <br />of approximately $..¢0~.0.Q0.., based upon currently prevailing wages. {If applicable) <br />There are .~?_~ .... existing Jobs provided by business. <br /> <br />Number of hours ........... A level $ ............... <br /> <br /> Repayment of the p~oposed issue will be amortized over a period of .... J.q ..... years. <br /> <br />........ The following exhibits are furnished with this application and are incorporated herein <br /> by reference= <br /> <br />An opinion of bond counsel that the proposal constitutes a project under Minn. <br />Stat. 469.153, subd. 2. _ <br /> <br />2. A copy of the resolution by the governing body of the issuer giving preliminary <br /> approval for the issuance of its revenue bonus and stating that the project, except <br /> for a project under Minn. Stat. 469.153, subd. 2{9) or {J} would not be undertaken <br /> but for the availability of Industrial Development Bond financing. <br /> <br />3. A Comprehensive statement by the municipality indicating how the project satisfies <br /> the public or purpose and policies of Minn. Stat. 469.152-.165. <br /> <br />4. A letter of intent to purchase th~ bond issue or a letter confirming the <br /> feasibility of the project from a financial standpoint. <br /> <br />A statement signed by the principal representative of the issuing authority to the <br />effect that upon entering into the revenue agreement, the informatio~ required by <br />Minn. Stat. 469.154, subd. 5 will be submitted to the Department (not applicable to <br />project under Minn. Stat. 469.153, subd. 2{g} or {j}. <br /> <br />e <br /> <br />A statement signed by the principal representative of the issuing authority that <br />the project does not include any property to be sold or affixed to or consumed in <br />the production of property for sale, and does not include any housing facility to <br />be rented or used as a permanent residence. <br /> <br />A statement signed by a representative of the issuing authority that a public <br />hearing was conducted pursuant to Minn.-Stat. 469.154, subd. 4. The statement <br />shall include the date, time and place of the meeting and certify that a draft copy <br />of this application with all attachments was available for public inspection and <br />that all interested parties were afforded 'an opportunity to express their views. <br /> <br />Copies of notice{s} as published which indicate the date{s} of publication and the <br />newspaper{s} in which the notice{s) were published. <br /> <br />9. Provide a plan for compliance of employment ,preference of economically <br /> disadvantaged or unemployed individuals. {S.ee Minn. Stat. 469.154, subd. 7°) <br /> <br />AEDP 1/10-2 <br /> <br /> <br />
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