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HomeMy WebLinkAbout2018-044 Council ResolutionCITY OF LINO LAKES RESOLUTION NO. 18-44 APPROVING JOINT POWERS AGREEMENT SANITARY SEWER AND WATERMAIN SERVICE AGREEMENT IN THE CITIES OF LINO LAKES, MN AND SHOREVIEW, MN WHEREAS, 465 Ash Street, Lino Lakes, MN is connecting to the City of Shoreview's municipal utilities; and WHEREAS, Joint Powers Agreement is required to address the maintenance, connection fees and use charges. Minn. Stat. § 471.59 authorizes political subdivisions of the state to enter into joint powers agreements for the joint exercise of powers common to each; and NOW, THEREFORE, BE IT RESOLVED by the City Council of Lino Lakes the Joint Powers Agreement Sanitary Sewer and Watermain Service Agreement in the Cities of Lino Lakes and Shoreview is approved. Adopted by the Council of the City of Lino Lakes this 23rd day of April, 2018. The motion for the adoption of the foregoing resolution was introduced by Council Member Manthey and was duly seconded by Council Member Maher and upon vote being taken thereon, the following voted in favor thereof: Manthey, Maher, Rafferty, Stoesz, Reinert The following voted against same: none ATTEST: Julia e Bartell, Cit Cler EXHIBIT A CITY OF LINO LAKES, MINNESOTA NOTICE OF A PUBLIC HEARING TO BE CONDUCTED BY THE CITY OF LINO LAKES WITH RESPECT TO THE ISSUANCE OF A REVENUE NOTE BY THE CITY OF COLUMBIA HEIGHTS NOTICE IS HEREBY GIVEN that the City Council of the City of Lino Lakes, Minnesota (the "City"), will hold a public hearing on Tuesday, May 29, 2018, at or after 6:30 p.m. at Council Chambers in City Hall, located at 600 Town Center Parkway in the City, to consider a proposal that the City grant host city approval to the issuance of one or more series of revenue obligations, as taxable or tax-exempt obligations (the "Note"), in the maximum aggregate principal amount of $3,800,000 by the City of Columbia Heights, Minnesota (the "City of Columbia Heights") under Minnesota Statutes, Sections 469.152 through 469.1655, as amended (the "Act"), and Minnesota Statutes, Section 471.656, as amended, for the benefit of Love To Grow On, a Minnesota nonprofit corporation, or any of its affiliates (the "Borrower"). The Borrower intends to apply the proceeds of the Note to (i) finance the acquisition, construction, and equipping of an approximately 13,000 square foot early childhood educational facility located at 6499 Lakota Trail in the City (the "Project"); (ii) finance capitalized interest on the Note during construction of the Project, if necessary; (iii) fund required reserves for the Note, if any; and (iv) pay the costs of issuing the Note. The Note will be a special, limited obligation of the City of Columbia Heights, and the Note and interest thereon will be payable solely from the revenues and assets pledged to the payment thereof. No holder of the Note will ever have the right to compel any exercise of the taxing power of the City to pay the Note or the interest thereon, nor to enforce payment against any property of the City. The Note will be payable solely from revenues and security provided by the Borrower to the City of Columbia Heights and pledged to the payment of the Note. At the time and place fixed for the public hearing, the City Council will give all persons who appear at the hearing an opportunity to express their views with respect to the proposal. In addition, interested persons may direct any questions or file written comments respecting the proposal with the City Manager, at or prior to said public hearing. Dated: [Date of Publication] A-1 521250v1 JAE CL162-55 BY ORDER OF THE CITY COUNCIL OF THE CITY OF LINO LAKES, MINNESOTA Is/ Julie Bartell City Clerk City of Lino Lakes, Minnesota