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REIQU�EST FOR COU�NC�IL ACTION DATE' 12/19/83 <br />AGENDA SECTION, <br />Reports & Re commen d,at ions Administration <br />10142 <br />75Y N11i ITENI DESCRIPTION' Thomas R, and Marilyn 0,, Jones Project IRB - MGR. VIEWED/ RECOMMEk, <br />V <br />1.00"' Siet Public Hearing,, ti <br />L <br />Thile City guidelines provide for an adutinistrative fee of 1% of the amount <br />financed, or $110,1000, whichever is greater'. 'The staff is recommending the <br />$10,000 flee nolt be waived or reduced. The guidelines also provide that <br />if the pr-ime interest rate is less than 12%,, that applications will not be <br />considered,. The staff is recommending the prime interest rate provision be <br />walved <br />Council Action Requested: Motion to adopt a resolution calling for a public <br />hearing on a proposal from Thomas N. and Marilyn 0. <br />Jones for an industrial facilities development pro3ect <br />pursuant to, the Minnesota Municipal Industrial <br />Development Act authorizing the publication of a <br />notice of hearing, <br />