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Extract of N[inutes of Nleeti'ng <br />of City Council, <br />City, of Roseville <br />held.* January 24, 1,983 <br />0=47mvitt 4 I II <br />WHEREAS,p the City Council, of the Cit of Roseville has previously authorized <br />the City Manager to, apply for Community Development Block Grant funds for the <br />i <br />puTposle of funding necessary land -acquisition costs to enhance the feasibil ity <br />of a commercial devellopment project in the area immediately north of the Rosedale <br />Shopping Center,; and <br />WHEREAS, the City of Roseville finds such project essential to the solution <br />a <br />of a chronic problem of inconpatible land-use in, the area; and <br />WHEREAS, the Project will, provide - i <br />significant employment pipissibilitieso and <br />AN <br />MEREAS,i 'in order to fully fund the development project,, -it will be -necessary <br />Col issue Industrial Revenue Bonds; and <br />WIEREAS., the City, of' Roseville has a policy of looking favora'bly on Industrial <br />0, - <br />Revenue Bond financing for pro*'ects which wi1l <br />p rovi de of, <br />3 significant employment <br />possibes and improve and redevelop areas within the City 'to their highest <br />and be,sit used <br />0 <br />NOW IHEREFORE,, BE IT RESOLVED, by, the City Council of,the City of Roseville <br />.9 1 1" <br />that the City, Manager shall submit an application for Commimity Development Block <br />Grant funds to aid,'the project above desic "bed,. and, <br />rl <br />BE IT FURTHER RESOLVIED, ti hat the City of Roseville shall be favorable towar <br />the issuance of' lzidusi�trial Revenue Bonds to further-finance the project above <br />descri3".bed. I <br />llei motion, for the adopt -ion of the floiregoi,ng, resolution was duly seconded <br />by member and upon a vote being, taken thexeon <br />the following voted <br />favor thereof <br />and the following voted a ' <br />I gainsit the same: <br />