5.2. SR 07-07-2008'°°//
Elk .q-- REQUEST FOR ACTION
Rivei
~~ lt~t~- mrbr
Crr~r C~1r1C~ ~•~.
Andy ~~i~n ~ti~ ~at~ ~r~p~~red ~y
,~~d~~~€~t~a~i~n ~ui~r 7, ~~~~ Ca~h~ri.nc ~+~~~e~i~, ~~:cctar ~
cono~x~c ~~re~o ~~~cnt `
~ ~eri~~i~r~ ~v~e~r~ by
i~~qucst for ~ndutria i~,~~~~nu~ fond far ~}~e~ai Craft ~~~ac~~.l~ ~~: ~~ iron, ~~ance ~rcct~r
i~n~inc~c~~:~n, inc. ~~ro~ec~ ~- '~rb~.c ~~a~~ eoi~~tioz~ vi~w'~~ ~y
~c~io~n ecu~t~d
raft recor~~r~~cnd ~~~ au~~~il'~ ac~.on ~~ ~.~ fo~o~~r ~~er~~:
~} open ~ '~~~lic ~ iar~n ~n dae ~~~~~ancc ~ ~r~du~:ial ~e~+cnu~ fond ~'~~ die proposed f~~ta~ Craft
p~~j~ct, and ~~cn ~n~rlu t~~e pu~~c ~~ear~.n ~~ ~ul~~ ~~~, ?00.
?~ C~nid~~ appr~~~al of tae attac~~ed ~oi~tion ~antx pre~rx~i.ar~' appra~+ai ~ die proj~ct~
Rer~l~rtia~~ ~o. D-~, -~~ i~~so~~~.~~a ~c'cit~ a ~~oposal for an ~zad~xs~r:iai e~~~iopr~~ent rojcct and
Tn~licadn Preli~nit.~ar~, rlt~~~t to ~~.~ist ~.~ ~"inanci~~ ~~' tine 'rojec~ '~~:suant ~~ ~{i~~n~o~a i4r~ur~icipa
~nd~~~ia ~e~relop~~~.~nt ~~ct and ~~~~a Craft roject~
~~~Zt~-~rnd~~~~usio
~a~ r~~~ntl~T r~c~~~Ted a~~ appitcati~r~ ~:equet fro~x~ ao~ai ~~.ufact~rer, ~T~tal Craft ~1Taci.~c ~
T~r~~~~~erin, ~~~c. for a~ r~d~,~s~:ial i~c~=en~~ end. ~ctal Craft ~~ ~~~~n a€~.l~ri~atiaz~ ~'~~- ~~ City. ~~'
i~~~ Ri~r~:x to i~~~c~ a 3~~~~ ~a~ ~a~ e~~~~pt ~.dstrial de~rciopi~~nt re~Yenne fond in an a~~~~~nt Grp to
~nti,~io~.. ~~"~~ funds ~~~ ~e used as p~~ceeds ~~~• .~~ cons~:~~c~or~ of tae co~x~pan~r's rxlar~u~'actt~rn
faciii~~ anc rcatd ~ ~~€ rx~e~t and ~r~is~~ins located a~ ~7C0 B~~sin~ Center T~ri~~ ~: in T~li~ ~~cr. ~"~7e
~. .
CiC~'' issuance ~~ ~~ ~.~d~~s~:ia dc~-~pn~~~~t re~r~nuc aond ~~~.~. ~~~ale d~c c~~~~par~~, to ~~~tan~ ~ancin
a~ Fr.~e and :educed r~~ts.
~~~,~ app~~ant is r~~uestin ti~at ~ZC our~ci~ c~~~side~ appr~~+al of ~~~ a~taci~cd resc~luda~. ~~~i~.ci~ indicates
a pr~~.~~.~ar~r appro~-a1 of tine r~c~u~st. ~~~~ applicant ~e~end~~ ir~di~ated additz.onai enures to ~e rd~~ti~~d
as separate ~orro~~ers orr t%e ~d~.~ ar~d ep~,er~t. '~~~erefo~:e, it is nccessar~r fog: ~i~e City, xo c~n~.nc
die pudic ~earitl ~o ~fTc~nda~r, f u~~r ? ~, ?OOH order ~~ forrxra~,~t iden.~f~+ and cor~s~der d~c addi~.or~ai
er~titi~s ~~ part ~ a final resoiutiar~ appr:o~rin die p~:a~ect and isscrar~ce ~~ tiae fonds.
~in.n~a~ ~ ~c~
~'i~ere ~~~~ tae r~o ir~~pac~ to ~~e Cite si~~ce t~~is re~~z~st is fog: a re~~~.~r~ ~~nd ~cor~dL~i~ u~ar~cin} ~~it~.~ ~~
Cif, x~ot ~~a~r t~ piede an~r considerations to~vards deft pa~rrx~,rr~. ~r~ addidc~n, ~+~e~al Craft iaas paid an
ir~itia 5,O~o application fee, die Cit ~~riil reciu.~e an issuance fey of X14 of ~ °la ar~d a. out of poc~~et
c~ ez~se fog: ie al fees to undet~~rr:ite tie ~c~nd ~~ill be paid for ~~ the applicant.
p
~:~~~~ust~i:t~ ~i~t~~1~t:t:t1 Cr:ttz~~I~l3~~kei~ucs~ (~ca~.t~t~~l :~c[ic~s~ mct~tl~~;~~t.~ty~
A~ta~h~n~r~~
~ ~~~lic ~-~c~~~~~ ~ n~c~
~ ~I~~~a~ ~~~ e~te~ d~ed~~~~, ?0~
~ ~~ ~i~r~~ o~~c.~ ~~z~d~ ~~pplic~.a~
~~I~w ~p
S:~IsY~€usiri;~~ 4i[ir~~~i~Ic~,~~ Craf~~IU~~~1~~~~E;~;st ~:c.~~ancjl:lc~ic~f~ tr~et.~~cra~t,~c~~
~e~a~ o~~ce
O~ A 1~~~C~ED P~~T FAR. ~~~'~. .A'~' TA~~ . ~~~, ~.
ANA ~'~~ ~.~`~ ~~' :~~ ~~~D ~ ~~~'A "A~'TE,
pity a~' ~~~~ i,~r, ~~I~I~~at
NT~E I ~~BY ~-T~, tl~t tine City aucii of ~~k Riper, ~i~~sat~ ~ti~
~tit~~#~~ v~ill ~~~ee~ ~~~ ,~lll~ ~, ?~a ~~ :~ p.~~~,, ~ ~l~e pity ~~~~, ~3~ ~ro~a ~~~~~~~, Elk
River, ~~n~~~at~, far tl~e ~~~pase a~' ~a~~d~~e~i~~~ ~ul~i~~ l~ear~~ a~ a ~•a~a~l tl~at tl~e its
~ss~~e zev~~~~1~ ba~~~s ~tl~ "o~ds", ~1~ o~~e ar ~~~are ~~~, u~~~ ~~ru.~esata tt~~e} ec~i~~s
. ? tl~rau~~~ ~.1 ~ ~, i~ ar~r to ~~r~a.c ail a ~a~~ia~~ o~ t~~e costs of ca~~str~~ct~~~~a
l'~I~~~sl~i~~~ ~~~d e~~~~ppi~~~ ~ ~ra~ ect ~ti~~ "~~ia~ ec~"~ an bel~aif of N~e~ai ~ a~ ~~a~~i1~~ ~:
I~~l~~eeri~~~~ T~.~ry ~ ~x~~ne~t caara~~o~~ ~tl~e "Bar~~a~~r~r"}r lie ~~'a~Ct ~vtll cal~sist a~ tl~e
ea~~str~~ctiol~ o ~~ a~~ra~i~~~~tel~ ~3~Oa0 ~~~~~~~ 1'~a~ ~~a~~~l~~ct~~ri~~ facili~ ~`ar ~~e~.iai devices,
i1~c~udi~~~ r~l~t~~ ec~~~i~~t end ~~~is1~il~~s, located ~ ~ ~~ ~~~sil~ess e~~ter ~ ive i~~ ~1~
Riper, in~esat~ ~I~e ~~arox~~~ate ~~~te pril~ci~i ~~~a~~~~t alb tine ~ro~a~d ors rs
,~0~,~~~. ~'~~ a1~~ s~~all be 1i1~~it~d ol~lra~ia~~ ~~` ~~~~ ~~} a1~d tl~e ~o1~~s a~~d. interest
~~~~~;a~~ v~tll e ~~.~le ~o~ei~ ~ra~~~ ~~~~ ~e~r~~~~ ~ad~d ~a ~~~e py~~~a~~~ ~i~a~~af. a ~~~i~~~• a~
~~ o1~ds will ever lave tl~e ril~~ to ~a~~.~1 ~~~ exercise of tl~e tip ~a~~er a~` ~~~~ i~~ ~o la.
~~~~ lo~~ds or tine i~.tres~ ~l~~r~a~, gar ~a ~~~~ce p.~.~e~t ai~~st a~~r prc~~r~~ a~ tl~e its except
~o~ey a~~laie by ~l~e ~a~-~a~~e~ ~o tl~e it a~~c~ ~ld~~~ ~a ~~~ ~a~n~~e~~t o~ tl~e ~o~~ds
drab o~ a~' tl~e ~1•opose~ Aplictia~ to ~1~~ ~i~esot~. ~~~a1•t~~~e~~t off` ~~lo~~~~~f
Ind Eco~aa~~~ic ~e~iae~.t for ~~~~a~~l of t~~e raj pct, tae~l~er ~vitla ~.ra capes of ali
~~ac1~~~e1~ts a1~d cxi~ibits t~~ereta, ~s va~labie far p~Ibl~c I~~pec~~al~ at t~~e of~ce a~ tl~e ~~~
A.d~~~i~~i~r~tor d~~rin~ bui~~ess llr~~~~s, ~:~D a.~n. to ~;3~ ~,~~.r, a~~ ~~a~~~l l~~Isine d~~s.
All pe~~so~~s i~~terestec n~a~ app~~r ~I~d be l~e~~•d ~ tl~e ti~x~e ~.~ lac ~ ~arl~ l~o~e} ar
~~~a.y ale ~~rri~~e~ ca~..~~~~~ ~~r~tl~ ~~ zty A~~~it~istr~ta~• friar to t~~ da~~ al' ti~~ 1~~z~ sat `arch
+Javr
~k~~~Ci. ~~~ ~ ~ ~ as r
ley r~e1• a~'the its aul~ci~
~: earl ~al~~sa1~
its Ad.~i~is~raar
1~~1~Iisl~ J~I~e ~ S, ?a0~
E~~r~~~ ~~linute u~ ~ le~~~n~ of ale
its ~f ~~~~ ~~r, ~~~~er~t
uru~~~ ~a ~~~~ call ~~~d ~a~iaa tha~•af, . ~aular ~~a~~i~~~ of ~~e icy ounail of lie i~~r
of ll~ ~i~a~, l~u~aa~a, ~~~5 ~ul~ ~~a~d ~~ lie i~ H~11 i~~ llC i~er, N~lx~asa~~ a~~ ~l~a 7~1~ d~~ of
~~~~, ?aaS, .~ ~.3a a'cla~l~ ~,.
T~~a fallau~i~~ ~auncil~~~a~~~~r era pr~se~~~:
~~~ ~~~a falla~~ri~ era ab5en~.
~~~ri~~~ said ~ea~i~~~ auai~~x~an~~~r
~e~a~~~~ia~~ ~z~~ ~~lo~d i~ ~a~~iau:
infiaduced ~l~e fal~ai~~~
~'~~~ ~~~o~ia fay ~1~~ ~a~~io~~ of lea fa~a~ai~ ~~a~u~io~~ tips duly acande~ ~y
o~~~~cil~~~~~x~ber ~~ afar full d~sc~~~ia~~ ~1~~~~af and ua~~ ~a~e ~i~~~ ~~kan
~l~a~~a~~~ ~l~a falla~vin~ va~~d i~~ f~~a~ ~l~~~eof:
~~~~ tl~ fal~a~~i~~ ~a~~~ ~,i~l~ ~l~e .~~~:
~~~~ar~upal~ paid ~~esalu~ia~ ~ da~~rd ~~~ly ~~ss~d ~~~~ ~da~~d,
5:11€~t~u~trial Sitir~~l~r~ctal Craftll~]~1~'~1~a5-trt? 19~3~77~v?.
4
lllti~,l~.i~~er ~~~:t~l_~r~ft_Rcs~l€~t~o~~,l~ecit€~!'r~~~sal_l`~r ~nr~~~trial~~ev~l~p~n~€~t_~'rojcct ~~}.I~QC
~~~~~~ ~•
~~~ ~
~~ T~~a uane a~' innosat ~tat~~tos, ~ct~an ~,1~ ~i~xaui~ ~J. ~ ~ i~a~~rn ~
~iae ~i~esota unici~ai ~ndustal ~e~oio~n~ent het ~ti~e ~`A,c~"~ as found and detern~~n~d ~~
~~~~ A~u.,l~.~~~'~ ~ ~a ~`a~~V~~ ~~~ V~~~~~~'~ a~ ~~~~ 5~~~~ ~ t~1~ ~~~V ~~~~~C~Ia~ ~I~C~ ~I~~aL~1~~I~~~~~
~~~~ de~e~o~~~~ant off` ocono~~niaali aund indust~~ and aon~~n~ae to p~a~ant so ~' ~~ ~osibie tiro
en~er~ene o~biY~i~~ed and n~arinai ia~~d and a~•aas o'e~~ronic une~n~~o~.~ent;
~} aato~s n~easi~~~zn t~~e active ~ran~atian and develo~n~n~ ~f aeanon~~~aily
sound indut and con~n~crce aye tt~o inc~eain~ concentration of pa~ulat~~n in tine n~et~~po~itan
a~~eas ~.~~~ t~~e ~•a~idiy r~~n increase in t~~e a~~naunt end cast of ~a~e~ental seines ~*a~u7rad xa
~r~eet t~~e needs of t~~e increased ~opulatian and tl~e need for de~elap~~nent of ia~~d use i~ic~~ ~~i~i
provide an adequate tax base to finance ~~~ee increased casts and access to en~~io.~ent
appa~~tunities for suc~~ papuiatian;
~a} Tire icy ~auncii of tea its a i~ .~~er, ~i~.~ata ~t~~a "it~,~~ i~~ racai~~~. ~
praposai o~~n fetal ~•.~ ae~ne Engineering, inc.} a Minnesota a~a~*atiaY~, ~av~~
~roci~ties ~aid~~~s, L,L, anal ~a~rr~ ~rape~ies, L~, ~~nncsota lin~ited iiabi~it con~a~~ies,
o~~c a~~ n~ore of ti~ese en~i~ie ~i~i be ~i~e ba~~ra~ver in co~.~ec~ion ~vit~~ tl~e issuance a~ le~enue
fonds, described beia~r, caliecti~e~~ ire ~~on~pan~r~>~ t~~at ~~~e its assist in ~nanci~~ 'ro~ect
hereinafter described, ~~aui~ tie issuance of revenue bonds in ~~~e approxin~ate principal
an~at~nt of ,aaa,~aa ~refe~~rcd to ~ t~~r resolution as "e~renue ~onds'~~ pursuant to tine ~.ct;
~~.} Tire its desires to facilitate t~~e seleoti~re deveiapn~en~ of the can~~r~u~~ty, retain
and in~prave the tax base and l~elp ~a ~ravide tl~e pane of ser~~ces and en~pla}.ent appa~~n~ties
required ~ tl~e population, and the ~ra~eet ill assist ~~~~ ~~~ in acl~ievin~ tl~ose ab~ec~ir~es. Tl~e
l~ra~ect mill l~e~p fia ine~ease tax capae~~~es of tl~e ~t~ and surrou~d~n~ a~•ca anal l~elp n~ainta~n a
pasiti~re ~ elationl~i between tax oa~aoities and debt and e~~l~ane tl~e i~na~ a~~d ~eputa~ion a~ tl~e
con~n~uni~~
fie} ~"l~e ~ra~ ec~ ~o be financed b tl~e revenue Fonds is tl~e const~.~ct~on of an
app~axin~a~cl~ ~3,~aa square fact n~anufctun faci~it~ `or medical de~rices, i~cludin related
eclui~~r~ent and ~~,~r~~il~ins, located ~ ~ 3~~~ business tenter ve ~n t~~e its v~hicb a~,e owned
and operated by tl~e a~npan~r and. v~ill result in tl~e creation of en~plo~ent oppo~~uni~ies i~l~in
tl~e facilities.
~ ~'he its leas been advised b~ representatives of tl~e arnan~ tl~at canventianal,
con~n~ercial ~nancin to pad tl~e capital cast a~ tl~e Pray ect is mailable anI}~ an a limited basis
and at such high casts of ba~TO~ing ~~~ the canon~~c fea~~~~~t of aerat~r~g ~~~c rod ec~ ~auld
~e ~gn~~~an~l~r reduced;
~~} a ~u~~~c af~c~ai of the ~t~ ~~as either a d~r~ct ar indirect ~nancia~ interest ~ the
'raj cct nar ~riil and public official either directly ar ind~rectl~ henet nanc~aiy f~an~ the
P~•a~ cct,
N, T~~~F~E, BE TT R~L~ by the ~~ty aunc~l of tic its of ~~ fiver,
~in~~esata, as falla~v;
~. The aunci~ ~~ereb~ ~nd~cates its prelin~inar~ intent to undertake the Pra~ect
p~~~•suant to the pct and to issue tl~e revenue and zn the appra.i~ate principal an~aunt of
~,~aQ,aaa pursuant to tl~e pct to '~na~ce t~~e ~ra~ect.
?, ~ the basis of infarn~at~an available to the auncil ~~ appear, a~~d tine ounci~
l~~reb~ ~~nds, that t~~e fa~ect ~anst~tutes prape~ties, real and personal, used or use.~l ~.
ca~u~ectian v~rith a~~c ar mare reven~.c praducing enterprises within tl~e meaning of ubd~v~ian
?~a~ of ectian ~~. ~ S of the pct; teat the ~ra~ect f~~rthers the p~~rposes stated in ~itn~esata
tatu~es, ectian ~9. ~ ? ~ ~~~~ the availability of ~~~~ financing under ~~. .ct and ~vill~ng~aess of
tl~e ~~~ to furnish such fia~ci~g ~~~ be a substantial inducement to the a~~any to undertake
tl~c raj ec~, and that ~~~ effect of the Pray ect, ~~ undertal~en, ~~~ be to encaurage tl~e develapn~ent
of canan~ically sound i~~dustry aid can~n~erce~ to assist in tl~e prevention of the emergence of
blighted and marginal land, to help prevent cl~rai unen~plan~e~.t, to help the ~~~ retain a~~d
in~prave the ~~ base a~~d to provide the range of service and en~playent opportunities required
by the population, to help prevent tl~e n~aven~ent of talented and educated persons out of the
tats and to areas ~vitlain tl~e state where their services ~. not be as effectively used, to
prc~n~ate mare intensive develapn~ent and use of land within the pity and e~ventuall~r to increase
the tai base of ~~~~ co~x~n~unity.
Tl~e issuance of the ~.evenue ~a~d by the ~~~ i subject ta, an~o~~ other ~i~i~~~s,
~a} the balding of a public hearing a~~ tl~e prapasal, ~~} the approval afthe ~ra~ect ~ the pity and
the i~n~esata ~e~artn~ent of ~n~play~nent and ~canan~ic ~evelapn~ent, ~c~ re~riev~ and approval
o~ the pra~ased Project ~ fond ~aunsel, ~d~ final appravat b this auncil, tl~e an~pany, and
the purchaser of the revenue Bands as to the ultimate details of the financing of the Pra~ect and
~~~ receipt of federal bonding allacatian far the eve~ue hands,
~. The ampany has agreed and ~~ is hereby dctern~ined ghat any and all casts
i~~c~~~-red by the ~~~, including all Fees required by the pity's administrative policies, in
a~~nectian ~~~~ the financing of the ~ra~ect rl~ether or not the ~raject ~ car,~ied to carnpietian
and ~vhether or not approved by the pity will be paid. by an~pan3r,
, ~atl~ing in this resolution ar i~ the dacun~ents prepared pursuant hereto shall
autharie the epeuditure of any municipal fends an the Pra~ect other than the revenues derived
franc the Project ar atl~er~~rise granted to tl~e ~~~~ for this ~t~rpase. The revenue Ba~~ds shall not
constitute a ~hargc, lien ar encumbrance, legal ar equitable, upon any property ar funds of tl~e
pity except the revenue and proceeds pledged to tl~e payment thereat', nor shall the ~~ be
subject to any liability thereon. Tl~e holder of the revenue fonds shall never have tl~c ri~l~t to
~ ~~~~~W~
~o~r~pel ~Zy eer~se ~ the ~,xi~ p~~r off' the its to ~~ the outs~~~~i p~c~pal o ~~~
eve~ue o~~ or ~~~~ i~~~eres~ the~eoa~, or to er~fore p~~ent t~~ereo~` ~.~~s~ a~~ prope~~ ~~' the
qty, the ~e~enu~e Boyd h~~i recipe i~ st~btan,~e that the .~~re~ue ~o~s, ineiu~.~~ ~~erest
thereon, ire pyabie o~~~~r ror~~ the reve~~tae~ o~'the Pr~jt aid proceeds pieced to ~l~e pa~e~.t
thereof, the eve~~ue ~o~ds sh~i~ ~~~ co~stit~~t~ ~. deft off` the its within the e~.in ~~ ~~~~
co~.~itutio~~ai or statutory lin~i~a~io~.
~, ~~ is ~~ purpose of this reo~u~~o to evidence the co~~~~i~n~e~.t off` the parties .~
~~xeir i~~te~~tio~~s with respect ~~ the proposed Fro~ect in order that the ~on~pa~r nay procec~
v~itl~o~~t delay with the com~~ence.er~~ of the acquisition a the ~ro~ec~ i~h the ass~.ra~ce that
~~~ere ~~ hee~ suffcie~~t "off~eial action" itl~iu the ea~~in~ off` ~~ h~~ernal revenue bode of
~ 9~, as a~~e~~~ed, ~~ alio~v for the issuance ~ industriai reven~~e ha~~ds ~in~iudin~, if deen~e~
appro~r~a~e, ~~y in.~eri~~ note or notes to provide temporary ~'ir~ancin thereat to hnance the
entire cost ~` the ~'ro~ec~ upon a~ree~eu~ heirs reaci~ed as to the uit~~,ate details of the project
a~~d its ~ina~~cin.
~. In an.ticipatio~~ of the ~~nal ppro~rai b~ the it~r of the issuance of ~i~e ~.evenue
~o~~~.s ~o ~~~a~~ce all or a potion o'the ~rajec~, and in order that cornletio~~ of the ~rojec~ ~~iil
~~at he u~~duly delayed when approved, ~i~e o~~npan.y ~ hereby autl~oried to male ~teh
e~pendi~~~res and adva~~ces toward payn~c~~~ of that por~ian of the ~~~ ~~ the project to he
~"~~7a~~ced ~`ror~ ~i~e proceeds ~` the revenue fonds .s o~~~pan}~ considers ~~ecessary, inciudin
~l~e use off' i~~~erin~, short~~e~ ~inancin, subject ~o reibursen~e~~~ franc the proceeds off' the
e~re~~~~e on.ds i'ar~d when delivered but i~hout liability on the park o`the pity.
P.~ A.~ ~~`ED B~ THE ~T ~~ ~ THE ~~' ~ ~~ ~,
~~~~'~, '~~ 7TH ~A~' ~ ,~CJL~, ~~~~.
1 ~,E~,i ~1 ~~~.JLJ l
~~~ ~~
~, ~~~ u~d~~s~~~, b~~~ ~~~e d1~ q~~ai~~d ~d ~~~~ ~~~ off` t~~~ ~~y of ~
~e, M~n~~~s~ta, ~~ ~E,EB ~~`~Y ~l~a~ I ~~a~~ c~n~~a~~~ ~~~~ a~~ac~~ed a~~d ~~~~o~~~
~~~ra~~ ~.~~ni~.u~es i~~~ ~~~~ or~~~~a~ ~h~~~~fon ~1 ~~ ~. a~`'~e, ~~d ~~~a~ ~~~e ~ 1, ~~~x~
~d o~~~~~~~ ~ra~s~~.p~ a~ ~~7~ i~~u~ ~~' a ~~~~~~ off' ~~~~ C~~}~ o~~n~~ ~f ~~~e ~~y ~~~~y ~~~ed
aid ~~e~d ~~~ ~~~e ~a~ ~~~e~e~~ ~~~c~e~., ~~as~~`a~ ~~~ i~~~ ~~~e ~~ ~ ~e~~~~~i~~, ~~~~
~~e~in~~n~y a~~~~~~ ~~ a~ i~~u~,a~ ~i~~~p~~nt ~o j ec~,
~T~ ~~ ~~~nd ~~~~ ~ ~a~ off` , ?DDB,
~e~~~
?1~~77v?
~~ ~~ N ~~
~v~~u~~ Bo~~i~ ~~~~~~I~I~
~o~np~~r. ~~faC Craft Mach~r~e & C*rr ~eerir~ , I~~.
~.ddr~~~: ~ X797 ~1e~d~wv~Ce ~oa~
i~ ~ ~~t ~ i~ C~~~ River, ~1Cr~r~esa~~ ~3~0
a~~t~~t P~rso~~~~} a ~~w f ,~~cic Mc~w
~~ir~~ss ~'~~n~ ~ £~~~ ~~~ 4~~~~~9~
~~,~ ~~r~ meta-cra.cnm ~r ,~~c~c met~~-craf#,c~m
~~d~r~ ~ ~ 4 ~ ~~ 3~~ ~~~~ ~D 4~~~i
~'rop~~~d ~n~ ~ouncii ~~~ ~i~~ ~ Ven~um ~.L.~..P.
Pr~osed ndenE-rit~rs oun~i~ ~Luta~t Roc~C L~.P
~~~t ~~~ ~~ pr~~~~ is p~~p~~ed?
~~~~~~ ~xr~l~ ~u~ds ~~ used ~c~r~
~ ~ndu~tri ~~~t~io~n~s~~~~~p~~n~i~n
~+~~ic~ ~~~ili~T
~~~~~~~~. ~id~n~~ Housin,
~i:~~d 's~ R~~~~~~lopmn~
~~er _ _ _ _
,~ ~.~n~ x~cquis~~on
~ ~ntr~c~ion~~~no~c~~~i~n
C~~~~~ ~qui~~n~
t~~~r
~~nd ,mat ~e~uesk~c: _~,~nr~ ~n~
'~'c~C~1 ~ro~ec~ ~s~:
~u~ust ?~1
~le~~~ p~~vide ~ su,nn~r ~ ~ ~~~po~~d ~r~;ec~:
leta~ raft a~hine ~ ~nc~i~eeri~g, ire, is re~ocatig their existing a~eratinr~ #a a new site in
~liC diver ~~ uir~e tenter ~~ive. The propvsa! is a one story ~ahrinati~n~man~fian~uring
facility Q~ spprnximateiy ~~,Q~D st~~are feet and the purchase of additinnai rnar~utactur~ng
e~uipmer~t.
~a~ t~7e ~ppi~~nt e~+e~ de~"~~~t~d ~~ ~ aid or a~rg~~e noe~~ ~~ ~~~r decs~x~d
la~nkru~tc~r? Z~ so, ~l~~~e e~~~~r~.
l~n.
'~~~ se li~~ ~e co~u.~i~s ~~~~~n~e ~ ~pplic~~~ ~~as ~~p,~ed ~a~ cv~duit bondis~~ ~~~~n ~~~ p~~~
~' ~ ~r~'~L~.
l~~n~,
j~lu~ust ?0~1
~1 ~iYl~ ~ ~L~~+~.~~ ~~ V i
~f~Il~i i
~~~' ~II"V~~~ L1~1C~~ -..~~
~~'1~~' ~'~V~1~~ ~U.~C~S _
~~Ci~~~ ~11~.C~~u~1~~
~~ ~i~i1~~~~e~€1 ----
t~~~ ~r~~fl~f ~4~
ondu~~ o~d,~ ~.~~,D~~
~'~~al Yna~c~ag ~, ~~ ~
Cases ~~' funds
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