pf_02491 - Laserfiche WebLink

Home

r . NOTICE -OF PUBLic HEARING . I ON A PROPOSAL FOR A MOTEL ! REVENUE BOND PROJECT I Notice is hereby given that the City Council ' i of the City of Roseville, Minnesota. will meet in the Council Chambers of the City Hall, 2660 : Civic Center Drive, Roseville. Minnesota, at ' i 7,:30 p,m, on Monday. July 26, 1993. to con- sider the proposal of College Properties, Inc" a Minnesota corporation (the "Company"), that the City assist in financing a project hereinafter described by the issuance of taxable motel revenue bonds, The project to be financed is the ac- quisition of land, construction and in- stallation of a 57 unit motel (approx- imately 32,000 square feet) and related equipment tand improvements to be located at the southwest quadrant of the intersection of Snelling Avenue . -North aAd Lydia Avenue in the City of Roseville, The maximum aggregate estimated principal' i amount of the bonds or other obNgations to be issued tl) finance this project is $3,500,000. The project will be iAi~ially owned and operated by the Company, The bonds or other obligations if and when issued will not constitute a charge. lien or en- cumbrance upon any property of the City ex- cept the project and such bonds or obligations will not be a charge against the City's general; credit or taxing powers but will be payable from I . sums to be paid by the Company pursuanttp I a revenue agreement. . A draft copy of the proposed application to ,the Minnesota Department of Trade and Economic Development, State of Minnesota, ; for approval of the project, together with all at, , tachments and exhibits thereto. is available,for public inspection from 9:00 a,m, to 4:00 p,Fri~, , , Monday through Friday, at the City Manager's' "Office, in the City of Roseville, Minnesota, , At the time and place fixed for the Public Hearing, the City Council of the City of Roseville , will give all persons who appear at the hearing I an opportunity to express their views with respect to the proposal, , - BY ORDER OF THE CITY COUN~IL I , By Isl Steve Sarkozy City Manager (Roseville Review: July 6, 1993) ,. ...._-,_. --~- ._--~_..