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EXTRACT OF MINUTES OF A MEETING OF THE <br />CITY COUNCIL OF THE CITY OF <br />HUGO, MINNESOTA <br />Pursuant to due call and notice thereof, a regular or special meeting of the City Council <br />of the City of Hugo, Minnesota, was duly held in the City Hall in said City on Monday, June <br />19, 2017, commencing at 7:00 P.M. <br />The following Council members were present: Haas, Klein, Miron, Petryk, Weidt <br />and the following were absent: None <br />Member Haas introduced the following resolution and moved its adoption: <br />RESOLUTION NO 2017-19 <br />RESOLUTION CALLING FOR A PUBLIC HEARING ON <br />THE ISSUANCE OF REVENUE BONDS <br />AND AUTHORIZING THE PUBLICATION OF A NOTICE OF THE HEARING <br />(MINNESOTA AUTISM CENTER PROJECT) <br />WHEREAS, Minnesota Statutes, Sections 469.152 through 469.165, as amended, <br />relating to municipal industrial development (the "Act"), gives municipalities the power to issue <br />revenue obligations for the purpose of promoting the welfare of the state by the active attraction, <br />encouragement and development of economically sound industry and commerce to prevent so far <br />as possible the emergence of blighted and marginal lands and areas of chronic unemployment; <br />and <br />WHEREAS, the City of Hugo, Minnesota (the "City"), has received from Autism <br />Opportunities Foundation, a Minnesota nonprofit corporation, doing business as the Minnesota <br />Autism Center (the 'Borrower"), a proposal that the City assist in financing a project hereinafter <br />described in the form of Notice of Public Hearing attached hereto as Exhibit A, through the <br />issuance of revenue bonds or other obligations (the "Bonds"), in one or more series, pursuant to <br />the Act; and <br />WHEREAS, before proceeding with consideration of the request of the Borrower <br />it is necessary for the City to hold a public hearing on the proposal pursuant to Section 147(f) of <br />the Internal Revenue Code and Section 469.154, Subdivision 4, of the Act: <br />NOW, THEREFORE, BE IT RESOLVED by the City Council of Hugo, <br />Minnesota, as follows: <br />1. A public hearing on the proposal of the Borrower will be held at the time <br />and place set forth in the form of Notice of Public Hearing attached hereto as Exhibit A. The <br />8340838v1 <br />