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MEETING 82 <br />DATE: <br />REQUEST FOR COUNCIL ACTION <br />If the Council approves the resolution giving preliminary approval to the Ct <br />pro) e P <br />the application would be submitt6d to the State of Minnesota for approval. state <br />review and approval -normally takes approximately 10-15 days. Final Council action <br />would be taken when definitive ' financing has been arranged, and the proposal has <br />met all of the City's -requirements, <br />Kequested Action; Motion (approving) (denying) (cont-inuing) a resolution gg <br />preliminary approval to the project (Fine Associates) and <br />authorizing submission of the application for the issuance <br />of Industrial Revenue Bonds to the Commission of SecuTities <br />of the State of Minnesota& <br />