HomeMy Public PortalAbout1984-080Extract of Minutes of Meeting
of City Council
City of Medina
Hennepin County, Minnesota
Pursuant to due call and notice thereof, a ,1�'c c,a_i!. meeting
of the City Council of the City of Medina, Minnesota, was held
in the City Hall in said City on
p.m. ;t yr,
, October _, 1984 at
n The following members were present:
And d er s o n j L v e s %G� ) e /3 fiV 5�iTi, te_t/ /
and the following members were absent:
►1crz
Councilman e-‘,, c- (�
resolution and moved its adoption:
introduced the following
Resolution No. �'S0
RESOLUTION APPROVING JOINT
POWERS AGREEMENT
WHEREAS, the City of Medina (the "City") has received from
a developer a proposal to undertake a project within the City
of Medina; and
WHEREAS, the developer has requested that the City of
Medina issue its industrial development revenue bonds in the
amount of $3,300,000 to finance the project; and
WHEREAS, the City of Brooklyn Park is an entitlement
issuer under Laws of Minnesota 1984, Chapter 582 and of the
City of Brooklyn Park allocation and other amounts of
entitlement obtained through joint powers agreements
approximately $3,400,000 is remaining; and
WHEREAS, the City of Brooklyn Park is willing to enter
into a joint powers agreement with the City of Medina to make
available to the City of Medina from the City of Brooklyn
Park's allocation the sum of $3,300,000 so that the City of
Medina can issue its industrial development revenue bonds in
the amount of $3,300,000 for the project.
NOW, THEREFORE, BE IT RESOLVED, by the City as follows:
1. The joint powers agreement, substantially in the form
presented to the City Council, is hereby approved and the Mayor
and the Clerk -Treasurer are authorized to execute the agreement
on behalf of the City. The City Attorney is authorized to
approve changes to the joint powers agreement prior to
execution by the City.
2. The City's approval of this agreement shall in no
manner be deemed to be approval of the project or approval by
the City of issuance of its industrial development revenue
bonds for the project.
3. The developer is required to follow all established
City procedures in regard to this project including but not
limited to City Council review of the project.
The motion for the adoption o,f the foregoing resolution
was duly seconded by Councilman kz/..9--v and upon a vote
being taken thereon, the following voted in favor thereof:
t. sot- f � � �' {.� � � c� e. � �e I Q Cz_ r lc 0
and the following voted against the same:
whereupon said resolution was declared duly passed and adopted.
�b� a-k v-11 - I7CL0{(J
STATE OF MINNESOTA )
COUNTY OF HENNEPIN )
I, the undersigned, being the duly qualified and acting
Clerk -Treasurer of the City of Medina, Hennepin County,
Minnesota, hereby certify that I have carefully compared the
attached and foregoing extract of minutes of a meeting of the
City Council of said City held on the date therein indicated
with the original of said minutes on file in my office and that
said extract is a full, true and correct transcript of said
minutes, insofar as they relate to approving a Joint Powers
Agreement.
WITNESS my hand as such Clerk -Treasurer and the official
seal of the City this day of , 1984.
(SEAL)
Clerk -Treasurer