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13152933v3 <br /> <br /> <br />Extract of Minutes of a Meeting of the <br />City Council of the <br />City of Little Canada, Minnesota <br />Pursuant to due call and notice thereof, a regular meeting of the City Council of the City <br />of Little Canada, Minnesota, was duly held at the City Hall and/or by telephone or other <br />electronic means, as allowed under Minnesota Statutes, Section 13D.021, on Wednesday, the <br />14th of April, 2021 at 7:30 o'clock p.m. <br />The following Council members were present: <br /> <br />and the following Council members were absent: <br /> <br /> <br /> <br />Member _____________ introduced the following resolution and moved its adoption: <br />RESOLUTION NO. _______ <br /> <br />A RESOLUTION PROVIDING FOR THE APPROVAL OF <br />A HOUSING PROGRAM AND THE ISSUANCE AND SALE OF <br />SUBORDINATE SENIOR HOUSING AND HEALTHCARE FACILITIES REVENUE <br />BONDS <br />(NEW HARMONY PROJECT), SERIES 2021D <br />RELATING TO A SENIOR HOUSING AND HEALTHCARE PROJECT <br />BE IT RESOLVED by the City Council of the City of Little Canada, Minnesota (the <br />"City"), as follows: <br />1. Authority. The City is, by the Constitution and laws of the State of Minnesota, <br />including Minnesota Statutes, Chapter 462C, as amended (the "Act"), authorized to issue and sell <br />its revenue bonds for the purpose of financing the cost of housing and skilled nursing facilities <br />for the elderly and disabled and to enter into agreements necessary or convenient in the exercise <br />of the powers granted by the Act. <br />2. Authorization of Project; Documents Presented. New Harmony Care Center, Inc., <br />a Minnesota nonprofit corporation (the "Borrower"), has proposed that the City issue and sell its <br />Subordinate Senior Housing and Healthcare Facilities Revenue Bonds (New Harmony Project), <br />Series 2021D in an amount not to exceed $8,000,000 (the "Bonds") in substantially the form set <br />forth in the Indenture (as hereafter defined) pursuant to the Act and loan the proceeds thereof to <br />the Borrower, in order to (i) finance the acquisition, construction, and equipping of a new senior <br />healthcare and housing facility, including approximately 48 skilled nursing beds, 16 transitional <br />skilled nursing beds, 35 independent apartment units, 36 assisted living apartment units, 14