HomeMy WebLinkAbout2017.06.19 RESO 2017-19 Calling for Public Hearing on Revenue BondsEXTRACT OF MINUTES OF A MEETING OF THE
CITY COUNCIL OF THE CITY OF
HUGO, MINNESOTA
Pursuant to due call and notice thereof, a regular or special meeting of the City Council
of the City of Hugo, Minnesota, was duly held in the City Hall in said City on Monday, June
19, 2017, commencing at 7:00 P.M.
The following Council members were present: Haas, Klein, Miron, Petryk, Weidt
and the following were absent: None
Member Haas introduced the following resolution and moved its adoption:
RESOLUTION NO 2017-19
RESOLUTION CALLING FOR A PUBLIC HEARING ON
THE ISSUANCE OF REVENUE BONDS
AND AUTHORIZING THE PUBLICATION OF A NOTICE OF THE HEARING
(MINNESOTA AUTISM CENTER PROJECT)
WHEREAS, Minnesota Statutes, Sections 469.152 through 469.165, as amended,
relating to municipal industrial development (the "Act"), gives municipalities the power to issue
revenue obligations for the purpose of promoting the welfare of the state by the active attraction,
encouragement and development of economically sound industry and commerce to prevent so far
as possible the emergence of blighted and marginal lands and areas of chronic unemployment;
and
WHEREAS, the City of Hugo, Minnesota (the "City"), has received from Autism
Opportunities Foundation, a Minnesota nonprofit corporation, doing business as the Minnesota
Autism Center (the 'Borrower"), a proposal that the City assist in financing a project hereinafter
described in the form of Notice of Public Hearing attached hereto as Exhibit A, through the
issuance of revenue bonds or other obligations (the "Bonds"), in one or more series, pursuant to
the Act; and
WHEREAS, before proceeding with consideration of the request of the Borrower
it is necessary for the City to hold a public hearing on the proposal pursuant to Section 147(f) of
the Internal Revenue Code and Section 469.154, Subdivision 4, of the Act:
NOW, THEREFORE, BE IT RESOLVED by the City Council of Hugo,
Minnesota, as follows:
1. A public hearing on the proposal of the Borrower will be held at the time
and place set forth in the form of Notice of Public Hearing attached hereto as Exhibit A. The
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general nature of the Project and an estimate of the aggregate principal amount of the revenue
bonds or other obligations to be issued to finance the proposal are described in the Notice of
Public Hearing.
2. The City Administrator is hereby authorized and directed to cause notice
of the hearing to be given one publication in the official newspaper of the City and a newspaper
of general circulation available in the City, not less than 14 days nor more than 30 days prior to
the date fixed for the hearing, substantially in the form of the attached Notice of Public Hearing.
The motion for the adoption of the foregoing resolution was duly seconded by member Petryk,
and after full discussion thereof and upon vote being taken thereon, the following voted in favor
thereof. Haas, Klein, Miron, Petryk, Weidt
and the following voted against the same: None
whereupon said resolution was declared duly passed and adopted.
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83408380
STATE OF MINNESOTA
COUNTY OF WASHINGTON
CITY OF HUGO
I, the undersigned, being the duly qualified and acting City Administrator of the City of
Hugo, Minnesota, DO HEREBY CERTIFY that I have compared the attached and foregoing
extract of minutes with the original thereof on file in my office, and that the same is a full, true
and complete transcript of the minutes of a meeting of the City Council of said City duly called
and held on the date therein indicated, insofar as such minutes relate to calling for a public
hearing on the City's revenue bonds to finance a project for the Minnesota Autism Center.
WITNESS my hand this 19a' day of June, 2017.
Cit dmi i ator
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83408380
EXHIBIT A
NOTICE OF PUBLIC HEARING ON A PROPOSAL
FOR THE ISSUANCE OF REVENUE BONDS
FOR THE MINNESOTA AUTISM CENTER PROJECT
Notice is hereby given that the City Council of the City of Hugo, Minnesota (the "City")
will meet at the City Hall, 14669 Fitzgerald Avenue North, Hugo, Minnesota, on Wednesday,
July 5, 2017, at 5:00 P.M., to consider the proposal of Autism Opportunities Foundation, a
Minnesota nonprofit corporation having federal income tax-exempt 501(c)(3) status, d/b/a
Minnesota Autism Center (the "Borrower"), that the City assist in financing a project hereinafter
described pursuant to Minnesota Statutes, Sections 469.152 to 469.165, as amended, by the
issuance of revenue bonds, in one or more series (the 'Bonds").
The "Project" consists of (i) financing the acquisition, construction, and equipping of an
intensive therapy center for children and adults ages 10 to 21 diagnosed with autism spectrum
disorder ("ASD"), consisting of a one-story building of approximately 19,378 square feet with
classrooms, a playground area, lunch room, gym, therapy room, art room, computer lab,
conference rooms, administrative space, and parking lot (the "Therapy Facility") to be located at
2100 Silver Bell Road in the City of Eagan, Minnesota (the "Therapy Project"), and
(ii) amending certain terms of the bonds that were issued by the City in 2015 (the "2015 Bonds")
which were used to finance the acquisition, construction, and equipping of an approximately
48,332 square foot two-story school building, which serves primarily high school students with
ASD, and includes a reception area, approximately 14 classrooms, 11 therapy/breakout rooms, 5
office/conference rooms, a library, an arcade, a lunch room, and a gymnasium, and also includes
a soccer field and a parking lot all located at the southwest corner of Silver Bell Road and
Tesseract Place in the City of Eagan (the 'Existing Project" and, together with the Therapy
Project, the "Project"). The Project will be owned, operated, and managed by the Borrower.
The estimated maximum principal amount of the Bonds to be issued to finance the
Therapy Project is $5,100,000.
The Bonds, if and when issued, will not constitute a charge, lien or encumbrance upon
any property of the City or of the City of Eagan, and such obligations will not be a charge against
the general credit or taxing powers of the City or of the City of Eagan but will be payable from
sums to be paid by the Borrower pursuant to a revenue agreement.
A draft copy of the proposed application to the Commissioner of the Department of
Employment and Economic Development, State of Minnesota, for approval of the Project,
together with all attachments and exhibits thereto, is available for public inspection during
normal business hours, Monday through Friday, at the City Hall in the City.
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.
Written comments will be considered if submitted at the above City office on or before the date
of the public hearing.
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