HomeMy WebLinkAbout6.e. Set Public Hearing - Associated Woods Products5
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CITY OF ROSEMOUNT
EXECUTIVE SUMMARY FOR ACTION
CITY COUNCIL MEETNG DATE: May 1, 2001
AGENDA ITEM: Set Public Hearing — Associated Wood
AGENDA SECTION:
Products
Consent
PREPARED BY: Jim Parsons
AGENDA NO.
Community Development Director
6.e.
ATTACHMENTS: Resolution
APPROVED-BY:
Background
Associated Wood Products (AWP) is moving forward with construction of its 74,000 - square -foot
building in the Rosemount Business Park. The total cost of fixed assets for the project will
approach $5 million. The building will be completed by October.
AWP has requested that the City of Rosemount serve as the sponsor for a loan from a state
program for a small portion of building cost. AWP would like to borrow S 160,000 to install air
conditioning throughout the building, and has identified the Minnesota Investment Fund as a
source of funds for that cost. The Minnesota Investment Fund is run by the Department of Trade
& Economic Development as a source of low- interest loans for manufacturers looking to expand
and create jobs in the state. The program requires a public hearing by the city council of the
affected city as part of an application for a loan.
As part of the City's consideration of this request, staff recommends that the City Council set a
public hearing on for May 15, 2001, on Associated Wood Products' request for City sponsorship
of a loan from the Minnesota Investment Fund.
ED ACTION:
Adoption of resolution setting a public
COUNCIL ACTION:
May 1 S for Associated Wood Products.
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CITY OF ROSEMOUNT
DAKOTA COUNTY, MINNESOTA
RESOLUTION 2001 -
A RESOLUTION SETTING THE PUBLIC HEARING FOR
ASSOCIATED WOOD PRODUCTS
WHEREAS, Associated Wood Products is constructing a manufacturing plant in the Rosemount
Business Park, and
WHEREAS, Associated Wood Products has requested that the City of Rosemount sponsor a loan to the
Company from the Minnesota Investment Fund.
NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF ROSEMOUNT,
MINNESOTA:
1. The Council will consider the request by Associated Wood Products for City sponsorship of a
loan from the Minnesota Investment Fund..
2. A public hearing shall be held on such proposed improvements on the 15th day of May, 2001, in
the Council Chambers of the City Hall at 7:30 p.m., or as soon thereafter as possible, and the
Clerk shall give mailed and published notice of such hearing and improvements as required by law.
ADOPTED this 1 st day of May, 2001
ATTEST:
Linda Jentink, City Clerk
Motion by:
Voted in favor:
Voted against:
Cathy Busho, Mayor
Seconded by