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Extract of Minutes of Meeting of City Council City of Roseville Held: January 24, 1983 Pursuant to due call and notice thereof, a regular meeting of the City Council of the City of Roseville, Minnesota, was duly held in the City Hall in said City on Monday, the 24th day of January, 1983, at 7:30 p.m. The following members were present: Franke, Curley, Johnson, Kehr, and Demos. and the following members were absent: None. Member Kehr adoption: introduced the following resolution and moved its RESOLUTION NO. 7462 CO~ftmITY DEVELOPMENT BLOCK GRANT APPLICATION WHEREAS, the City Council of the City of Roseville has previously authorized the City Manager to apply for Community Development Block Grant funds for the purpose of funding necessary land acquisition costs to enhance the feasibility of a commercial development project in the area immediately north of the Rosedale Shopping Center; and WHEREAS, the City of Roseville finds such proj ect essential to the solution of a chronic problem of incompatible land use in the area; and WHEREAS, the project will provide significant employment possibilities; and WHEREAS, in order to fully fund the development project, it will be necessary to issue Industrial Revenue Bonds; and WHEREAS, the City of Roseville has a policy of looking favorably on Industrial Revenue Bond financing for projects which will provide significant employment possibilities and improve and redevelop areas within the City to their highest and best use; NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of Roseville, that the City Manager shall submit an application for Community Development Block Grant funds to aid the project above described; and BE IT FURTHER RESOLVED, that the City of Roseville shall be favorable toward the issuance of Industrial Revenue Bonds to further finance the project above described. The motion for the adoption of the foregoing resolution was duly seconded by member Johnson , and upon a vote being taken thereon, the following voted in favor thereof: All present. and, the following voted against the same: None.