HomeMy WebLinkAbout1981 11-17 Council approves revenue notes for shopping center DISPATCH council approves revenue
notes four sho in
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A total of $6.3 million in low , John Greavu, councilmen Nor-
N. interest revenue note financing Maplewood man Anderson and Earl Nelson.
Itibo for a shopping center and a den- Opposed were council members
ctal building received the approv- indicated interest in buying the Fran Juker and Gary Bastian.
\ al of Maplewood officials last
week. notes. However, the council unani-
Moreover, Bentley noted that revenue approved $800,000 in
mous yFirst, the City Council voted 3 federal officials may curtail the notes for Maplewood
`-. 2 to approve$5.5 million in notes use of revenue notes by 1982. Dental Specialties to build and
for Illinois developer Josh Bent equip a dental building.
ley to build Maple Ridge Mall. The 120,000-square-foot shop-
ping center would be built on the The 7,000-square foot-building
said, "Construction northwest corner of White Bear will be built at the ttorthe th cor-
Bentleyshould start on the center in Jan- and Gervais avenues. ner of White Bear and 11th ave-
uary and be completed by fall, nues.
1982." Bentley still must apply for
special use and building permits. The associates include four
He noted that two financial in- His JSB Realty and Develop- area dentists: Robert L. Jensen
stitutions have given favorable . ment Co.is in Oak Brook,Ill. and his wife, Jane Hermes Jen-
revisws to the project and have sen, Dennis M. McMahon and
For the project were Mayor Walter B Parsons