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City Council Minutes 12-27-1983MINUTES SPECIAL MEETING - MONTICELLO CITY COUNCIL December 27, 1983 - 5:00 P.M. Members Present: Arve A. Grimsmo, Fran Fair, Jack Maxwell, Dan Blonigen, Ken Maus. Members Absent: None. A special meeting of the Monticello City Council was duly held at 5:00 P.M. on Tuesday, December 27, 1983, in the City Council Chambers. Members present were Grimsmo, Fair, Blonigen, Maxwell, Maus. Members absent: None. The meeting was called to order by the Mayor, and this being a special meeting, the reading of the minutes of the previous meeting were dispensed with. 1. The Mayor convened a public hearing for the purpose of accepting public comment and testimony with respect to a proposal by Key Properties to issue Industrial Development Revenue Bonds under Minnesota Statute 474. Mr. Jack Gries and Mary Eull were present representing Key Properties. They explained that Key Properties is interested in construction of a 20,000 sq. ft. building on the property lying between Lauring Lane and Interstate 94. The building would then be leased to Key Tool and Plastics, currently operating in Big Lake, for their expansion. The new facility would create approximately 40 new jobs in the community. They noted that the total amount of the bond issue will be approximately $650,000 to be applied to the cost of acquisition of land, building construction, equipment acquisition and installation, and all of the associating fees. Mr. Gries went on to explain that they appreciated the City Council meeting in special session in order to take action before the end of the year. He explained that there was some concern over pending federal legislation that may place certain limitations on the issuance of Industrial Revenue Bonds, and it was their hope that any legislation that is passed will grandfather in projects that have had official action prior to the first of the year. The Mayor asked if there were other people present who wished to comment on the project. There were none. The Mayor closed the public hearing. Motion by Councilmember Blonigen to adopt the following resolution giving preliminary approval to the proposal submitted by Key Properties. See Resolution 1983-#93, which is on file in the office of the City Administrator. The motion was duly seconded by Councilmember Fair. Voting in favor: Grimsmo, Fair, Blonigen, Maus, and Maxwell. Voting in the opposition: None. - 1 - Special Council Minutes - 12/27/83 2. Mr. Howard Gillham, Mr. Jean Brouillard, and Mr. Jim Metcalf, rep- resenting the Monticello Country Club, and Mr. Jim Ridgeway, Chair- person of the Monticello Planning Commission, were present to sub- mit the final plat for Country View Terrace. Gary Anderson, Zoning Administrator, reported that the Planning Commission had met prior to the Special Council Meeting and moved the recommendation of approval of the final plat for Country View Terrace. The Mayor, noting that this plat had been discussed at length through its preparation stages, asked if there was a motion. Motion by Maxwell, seconded by Maus, to grant final approval to the final plat of Country View Terrace. The motion passed unanimously. 3. Motion by Fair, seconded by Blonigen, and carried unanimously to pay the following December bills. 4. There being no further business, the special meeting was adjourned. '_� W-� � 0 Thomas Eidem City Administrator - 2 -