1990.06.18 RESO 1990-0018 - Laserfiche WebLink

Home

RESOLUTION 1990-18 RESOLUTION AUTHORIZING THE WASHINGTON COUNTY HOUSING AND REDEVELOPMENT AUTHORITY TO UNDERTAKE A REDEVELOPMENT PROJECT WITHIN THE CITY OF HUGO AUTHORIZING THE EXECUTION AND DELIVERY OF A QUITCLAIM DEED AND INSTALLMENT PURCHASE CONTRACT AND APPROVING THE REDEVELOPMENT PROJECT AND REDEVELOPMENT PLAN WHEREAS, the Washington County Housing and Redevelopment Authority (the "HRA") has transmitted a Redevelopment Plan (the "Plan") and, by resolution, has applied to the City Council, for approval of the Plan; and WHEREAS, it is desireable and in the public interest that the Authority undertake and carry out the Plan pursuant to Minnesota Statutes, Section 469.001 to 469.047, and Sections 469.124 to 469.134, encompassing the area which is indicated in the Plan which area is herein called the "Project Area"; and WHEREAS, the City on the date hereof, after having published a notice of public hearing in the official newspaper of the City, conducted a public hearing on the Plan and received public comments on the same. NOW THEREFORE BE IT RESOLVED by the Council of the City of Hugo, Minnesota (the "City"), as follows: 1. Authority. The City, pursuant to Minnesota Statutes, Section 469.005, Subdivision 1, does hereby empower the Washington County Housing and Redevelopment Authority (the "HRA") to undertake a redevelopment project within boundaries of the City. The project is described in the Redevelopment Plan which has been submitted to the City Council for its approval after the public hearing on June 18, 1990. The City is authorized pursuant to Minnesota Statutes, Section 465.71, to enter into an install- ment purchase contract with the Washington County Housing and Redevelopment Authority, Minnesota (the "Authority"), a body corporate and politic organized under the laws of the State of Minnesota, to finance the costs of acquisition of park land in the City (the "Project"). .2. Authorization of Bonds: Documents Presented. The Authority proposes to issue its $245,000 Public Project Revenue Bonds, Series 1990 (City of Hugo Installment Contract Obligations) (the "Bonds") payable from installment payments to be made under the Contract. Forms of the following documents relating to the Bonds and the Project have been submitted to the City Council and are now on file in the office of the Clerk - Treasurer: