HomeMy WebLinkAboutCC RES 98-018 RESOLUTION CALLING FOR A PUBLIC HEARING ON ISSUANCE OF MULTIFAMILY HOUSING REFUNDING REVENUE BONDS Meeting Sheet
IIIIII VIII VIII IRII VIII VIII IIII IIII
103283
Box: 26
Folder: RES 1996
Document: CC RES 98-018 RESOLUTION CALLING FOR A PUBLIC
HEARING ON ISSUANCE OF MULTIFAMILY HOUSING REFUNDING
REVENUE BONDS
f
lqk
CITY OF ST. ANTHONY
• RESOLUTION 96-018
A RESOLUTION CALLING FOR A PUBLIC HEARING ON THE
ISSUANCE OF MULTIFAMILY HOUSING REFUNDING
REVENUE BONDS
BE IT RESOLVED by the City Council of the City of St. Anthony, Minnesota (the "City"), as
follows:
SECTION 1
Recitals
1.1. The City has received a request from St. Anthony Nursing Home Limited Partnership, a
Minnesota Limited partnership (the "Partnership"), that the City issue refunding bonds (the
"Refunding Bonds") under Minnesota Statutes, Chapter 462C, as amended (the "Act"), to refund the
Multifamily Housing Revenue Bonds (St. Anthony Nursing Home Project), Series 1985 of the City
(the "1985 Bonds"), previously issued under the Act. Proceeds of the 1985 Bonds were loaned by the
City to the Partnership to finance the construction and equipping of Chandler Place, the Partnership's
elderly housing development located at 3701 Chandler Drive in the City.
• SECTION 1
Public Hearing
2.1. Section 147(f) of the Internal Revenue code of 1986, as amended, and regulations
promulgated thereunder, requires that prior to the issuance of the Refunding Bonds, this Council
approve the Refunding Bonds after conducting a public hearing thereon. A public hearing on the
proposal to issue the Refunding Bonds is hereby called and shall be held on March 12, 1996, at 7:00
P.M., at the City Hall.
2.2. The City Clerk shall cause notice of the time and place of the hearing to be published in
the official newspaper of the City at least once not less than 14 days prior to the date of the hearing.
Adopted this 2, day of F�ru as�1 , 1996
L4i-ls I a
_ 4or
ATTEST:
City Clerk
• Reviewed for administration:
City Manager
I tr
• CERTIFICATE
CITY OF ST. ANTHONY
I, the undersigned being the duly qualified City Clerk of the City of St.
Anthony, Minnesota, hereby attest and certify that:
1. As such officer, I have the legal custody of the original record from
which the attached resolution was transcribed.
2. 1 have carefully compared the attached resolution with the original
record of the meeting at which the resolution was acted upon.
3. I find the attached resolution to be a true, correct and complete copy of
the original:
RESOLUTION NO. 96-018
Resolution Calling for a Public Hearing on Issuance of
Multifamily Housing Refunding Revenue Bonds
• 4. I further certify that the affirmative vote on said resolution was
S ayes, 0 nays, and O absent/abstention.
5. Said meeting was duly held, pursuant to call and notice thereof, as
required by law, and a quorum was present.
WITNESS my hand officially as such Clerk and seal of said City, this
3�- day of Feuer u-n-r�/ , 1996.
Connie Kroepli , City Cler
(SEAL)
•