Notice of Public HearingNOTICE 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
CITY OF HOPKINS, MINNESOTA
NOTICE IS HEREBY GIVEN that the City Council of the City of Hopkins,
Minnesota, will meet on August 17, 1982, at 7:30 o'clock P.M., at the Hopkins City
Hall, Council Chambers, 1010 First Street South, Hopkins, Minnesota, for the
purpose of conducting a public hearing on a proposal that the City issue 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 development and construction of an office- warehouse
building by Flagship Associates, a Minnesota General Partnership (hereinafter
referred to as the "Project to be located on Fifth Street South, in the City of
Hopkins, Minnesota. The estimated total amount of the proposed bond issue is
$800,000.00. The bonds and interest payments thereon shall be limited obligations
of the City except that such bonds may be secured by a mortgage or other
encumbrance on the Project. No holder of any such bond shall ever have the right
to compel any exerciese of the taxing power of the City 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
Energy, Planning and Development for approval of the Project, together with all
attachments and exhibits thereto, is available for public inspection at the office of
the City Clerk at Hopkins City Offices, 1010 First Street South, Hopkins,
Minnesota, between the hours of 8:00 o'clock A.M. and 4:30 P.M., Monday through
Friday.
All persons interested may appear and be heard at the time and place set
forth above.
Dated: July 20, 1982
BY: ORDER OF THE CITY COUNCIL
BY: L`t-)
City Manager