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• FALCON HEIGHTS CITY COUNCIL MINUTES _5_ May 25, 2005 Notice of intent to hold a public hearing re ardin~ the issuance of multifamil housing revenue bonds to finance a housing_ rogram under Minnesota Statutes Chapter 4620 (continued) RESOLUTION 2005-06 (d) Pursuant to Minnesota Statutes, Section 471.59, as amended, the City and Hutchinson will enter into a joint powers agreement authorizing the City to issue revenue bonds to finance acquisition of the facilities; and (e) WHEREAS, before proceeding with consideration of the request of the Borrower, it is necessary for the City to hold a public hearing on the proposal. NOW THEREFORE, BE IT RESOLVED by the City Council of the City of Falcon Heights, Minnesota, as follows: 1. A public hearing on the proposal of the Borrower will be held at the time and place set forth in the Notice of Public Hearing hereto attached. 2. The general nature of the proposal and an estimate of the principal amount of Bonds to be issued to finance the proposal are described in the attached form of Notice of Public Hearing. • 3. Drafts of documents including the housing program related to the Bonds are on file in the office of the City Administrator. 4. The actions of City staff in publishing notice of the hearing for one publication in the official newspaper of the City, not less than 15 days prior to the date fixed for the hearing, substantially in the form of the attached Notice of Public Hearing, are hereby ratified. Adopted by the City Council of the City of Falcon Heights, Minnesota, this 25th day of May, 2005. Mayor Gehrz was highly complimentary of Administrator Worthington's ingenuity, creativity and persistence in finding alternative sources of revenue for the City. Update on recodification costs related to electronic search and retrieval Administrator Worthington said the City Council, at its regular meeting on May 11, reviewed and approved a contract with Municipal Code to recodify the City code. Council member Lamb asked staff to look at options and costs regarding electronic search and retrieval, and location of the code on the Internet, keeping in mind cost, efficiency, timeliness, and accuracy, and report back to the Council on May 25. The contract with Municipal Code has two components: 1) Recodification of the "paper" code, and quarterly updates of the code, prepared by Municipal; and 2) Electronic updates of the code, and web-hosting on their website, with a link to the code from our City website, or an internal hosting of the code. Staff prepared an analysis of the • options regarding the electronic copy of the code. The overall goal is to establish an accurate, consistent code, both in paper form, and electronically (web-based). S