HomeMy WebLinkAboutResolution 80-34 (2)EXHIBIT A
NOTICE OF PUBLIC HEARING ON A PROPOSED
PROJECT AND THE ISSUANCE OF INDUSTRIAL
DEVELOPMENT REVENUE BONDS UNDER THE
MUNICIPAL INDUSTRIAL DEVELOPMENT ACT,
MINNESOTA STATUTES, CHAPTER 474, AS AMENDED
THE CITY OF COLUMBIA HEIGHTS, MINNESOTA
NOTICE IS HEREBY GIVEN that the governing body of the City of Columbia
Heights, Minnesota (the "City"), will meet on July 17, 1980, at 8:00 p.m. at City
offices in Columbia Heights, Minnesota, for the purpose of conducting a public
hearing on a proposal that the City issue its revenue bonds under the Municipal
Industrial Development Act, Minnesota Statutes, Chapter 474, as amended, in order
to finance the cost of a project. The proposed project will consist of the
acquisition of land within the City and the construction thereon of a building or
buildings and the acquisition and installation of equipment therefor for use as an
office facility to be owned by Columbia Heights Office Associates, a Minnesota
partnership, for use in the partnership's business. The estimated total amount of
the proposed bond issue is $6,100,000. The bonds shall be limited obligations of the
City and the bonds and interest thereon shall be payable solely from the revenues
pledged to the payment thereof, except that such bonds may be secured by a
mortgage and other encumbrance on the project. No holder of any such bond shall
ever have the right to compel any exercise of the taxing power of the City of
Columbia Heights to pay the bonds, or the interest thereon, nor to enforce payment
against any property of the City except the project.
A draft copy of the proposed application to the Minnesota Commissioner of
Securities for approval of the project, together with all attachments and exhibits
thereto, is available for public inspection at the City offices.
All persons interested may appear and be heard at the time and place set
forth above.
[ Date of Publication]
BY ORDER OF THE CITY COUNCIL
OF THE CITY OF COLUMBIA HEIGHTS