Laserfiche WebLink
<br />RESOLUTION RECITING A PROPOSAL FOR AN <br />INDUSTRIAL FACILITIES DEVELOPMENT PROJECT, <br />GIVING PRELIMINARY APPROVAL TO THE PROJECT <br />PURSUANT TO THE MINNESOTA <br />MUNICIPAL INDUSTRIAL DEVELOPMENT ACT, <br />AUTHORIZING THE SUBMISSION OF AN APPLICATION <br />FOR APPROVAL OF THE PROJECT TO THE <br />COMMISSIONER OF ENERGY AND ECONOMIC <br />EVELOPMENT OF THE STATE OF MINNESOTA, <br />AND AUTHORIZING THE PREPARATION OF <br />NECESSARY DOCUMENTS AND MATERIALS <br />IN CONNECTION WITH THE PROJECT <br /> <br />WHEREAS, <br /> <br />(a) The purpose of Chapter 474, Minnesota <br />Statutes, known as the Minnesota Municipal Industrial <br />Development Act (the "Act"), as found and determined by the <br />legislature, is to promote the welfare of the state by the <br />active attraction and encouragement and development of economi- <br />cally sound industry and commerce to prevent so far as possible <br />the emergence of blighted and marginal lands and areas of <br />chronic unemployment: <br /> <br />(b) Factors necessitating the active promotion <br />and development of economically sound industry and commerce are <br />the increasing concentration of population in the metropolitan <br />areas and the rapidly rising increase in the amount and cost of <br />governmental services required to meet the needs of the <br />increased population and the need for development of land use <br />which will provide an adequate tax base to finance these <br />increased costs and access to employment opportunities for such <br />population: <br /> <br />(c) The City Council of the City of Roseville, <br />Minnesota (the "City"), has received from Berger Transfer & <br />storage, Inc., a corporation organized under the laws of the <br />State of Minnesota (the "Company"), a proposal that the City <br />assist in financing a Project hereinafter described, through <br />the issuance of a Revenue Bond or Bonds or a Revenue Note or <br />Notes (hereinafter referred to in this resolution as "Revenue <br />Bonds") pursuant to the Act: <br /> <br />(d) The City desires to facilitate the selec- <br />tive development of the community, retain and improve the tax <br />base and help to provide the range of services and employment <br />opportunities required by the population: and the project will <br />