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33 CITY OF ST. ANTHONY VILLAGE STATE OF MINNESOTA RESOLUTION 13-076 RESOLUTION AU'rHORIZING THE SALE, AND ISSUANCE OF MULTIFAMILY HOUSING REVENUE BONDS (LANDINGS AT SILVER LAKE VILLAGE II), SERIES 2013; ESTABLISHING 'THE SECURITY TIIEREFOR AND AUTHORIZING THE EXECUTION OF DOCUMENTS BE IT RESOLVED by the City Council of the City of St. Anthony, Minnesota (the "City"), as follows: Section 1. Recitals. 1.01. The City has by resolution adopted May 28, 2013, given preliminary approval to the issuance of its Multifamily Housing Revenue Bonds (Landings at Silver Lake Village II) in a principal amount not to exceed $18,750,000 (the "Bonds") for the purpose of making a loan to St. Anthony, Minnesota Leased Housing Associates II, Limited Partnership, a Minnesota limited partnership (the "Borrower"). Following such preliminary approval, the City applied for and received an allocation of bonding authority pursuant to Minnesota Statutes, Chapter 474A in the amount of $16,950,000. 1.02. Draft forms of the following documents relating to the Bonds have been prepared and submitted to this Council and are hereby directed to be filed with the City Manager: (a) a Loan Agreement (the "Loan Agreement"), respecting a loan of the proceeds of the Bonds, proposed to be entered into by the City and the Borrower; (b) an Indenture of Trust (the "Indenture") proposed to be entered into with respect to the Bonds by the City and U.S. Bank National Association, as trustee (the "Trustee"); (c) a Bond Purchase Agreement (the "Bond Purchase Agreement"), proposed to be entered into with respect to the Bonds by the City, the Borrower and Dougherty & Company LLC (the "Underwriter"); (d) a Regulatory Agreement between the City, the Borrower and the Trustee; (e) an Official Statement or other offering document (the "Official Statement') to be used in connection with the offer and sale of the Bonds by the Underwriter. -2-