Resolution No. 99-39 CITY OF TIGARD,OREGON
RESOLUTION NO.99-_,W_ l
A RESOLUTION REGARDING APPROVAL OF AN OREGON
DEVELOPMENT FUND PROJECT PROPOSAL BY MAGNO-HUMPHRIES,
INC.
-"HEREAS, the Tigard City Council finds that the acquisition of the Barry Post sitc,
located at 12970 SW Hall Boulevard in the Light industrial (I-L) Zone, by Magno-
Humphries, Inc. (a vitamin and over-the-counter drug manufacturer at 8820 SW
Commercial Street)would foster the economic development in the City of Tigard,
WHEREAS, ORS 285.413 requires,before the approval of an Oregon Business Fund
project by the State of Oregon, that the governing body of the appropriate local
government recommend the project,and
WHEREAS,the City Council finds that the acquisition and use of the Barry Post site for
the storage of raw materials and finished drug products are permitted under the City of
Tigard Comprehensive Plan and is consistent with all applicable local economic
development plans,
WHEREAS,the Council finds that the completion of the"Bary Post Acquisition" by
Magno-Humphries,Inc.would be in the best interest of the citizens of the City of Tigard.
NOW,THEREFORE,BE IT RESOLVED by the Tigard City Council that:
The Oregon Economic Development Commission assist in the financing of the Project
within the City of Tigard through the Oregon Business Development Fund.
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PASSED: This 'tk- day of l 99.
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Ji icoli,Mayor
ATTEST:
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Catherine lulreatIey,City ecorder
iAcitywide\res\thelrt mre .dm
Doris Michacl 28-May-99
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