Agenda - Council - 09/20/1983 - Special

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.~t is presently estimated that construction will begin on or about March 1 9 84 , and will be completed on or about November 35 1~.84 · When compleled, 'iT~--~e approximately 50 new jobs created by the project .at an annjal payroll of approxi. ,mately $ 150,000 , based upon currently prevailing wa~es. (If ~pplic~bie) ~here i Bo existino jobs provided by business. i~'he tentative term of the financing is 20 years, cor~mencing . , 19__ 'he following exhibits are furnished with this application and:.are incorporated herein by 1.An opinion of bond counsel that the proposal constitutes a project under Minn. Stat. ~474.02. I 2. A cdpy of the city council resolution giving preliminary approval for the issuance of its revenue bonds. 3, A comprehensive statement by the municipality indicating how the project satisfies the public purpose of Minn. Stat. ~474.01. -4. A letter of intent to purchase the bond issue or a letter confirming the feasibil- ity of the project from a financial standpoint. I 5. A statement signed by the principal representative of the~issuin.g authority to the effect that upon entering into the revenue agreement, the~{qnformation required by Minn. Stat. ~474'.01, Subd. 8 will be submitted to the Minnesota Energy and Economic-- Development Authority. 6.A statement signed by the principal representative of th% issuing authority that the project does not include any p~operty to be sold or affixed to or consumed in ithe production of.property for sale, .and does not include any housing facility to be rented or used as a permanent residence. 7. A statement signed by the principal representative of the issuing authority that a public hearing was conducted pursuant to Minn. Stat. 2474.01, Subd. 7b. The statement shall-'include the date, time and place of the meeting and that all inter.ested parties were afforded an opportunity to express thei.r views~ 8. Copies of notice(s) as published which indicate the date(s) of publication and the I newspaper(s) in which the notice(s) were published. 9. Provide a plan for compliance of employmeKt preference of economically disadvan- taged or unemployed individuals. (See Mn. Laws !983, Ch. 289, 113.) l, the undersigned, are duly elected representatives .of , Minneso~ and solicit your. approval of this project at your earliest convenience so that we may cart l a final conclusion. Signed by: (Principal Officers or Representatives of lssuing Authority; tspe or orint Masor' name on the line to the left of the sionature line. 7hank you.) ! ' 7Iyor ' s' Name Signature SSgnature le:.% s approva'l sha'll not be deemed to be an approval by the Authority or the State of the sibility of the project or the terms of the revenue agreement to be executed' or the bonds be issued therefor. I Development Authority Date of Approval