HomeMy WebLinkAbout2015.10.05 RESO 2015-48EXTRACT 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, October
5, 2015, commencing at 7:00 P.M.
The following Council members were present: Haas, Klein, Petryk, Miron, Weidt
and the following were absent: None
Member Haas introduced the following resolution and moved its adoption:
RESOLUTION NO. 2015-48
RESOLUTION CALLING FOR A PUBLIC HEARING ON
THE ISSUANCE OF EDUCATIONAL FACILITIES REVENUE BONDS
AND AUTHORIZING THE PUBLICATION OF A NOTICE OF THE HEARING
(MINNESOTA AUTISM CENTER PROJECT)
WHEREAS, Minnesota Statutes, Sections 469.152 through 469.1655, 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 a 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(I) 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 Klein,
and after full discussion thereof and upon vote being taken thereon, the following voted in favor
thereof:
and the following voted against the same: Haas, Klein, Petryk, Miron, Weidt
whereupon said resolution was declared duly passed and adopted.
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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 band this 5"' day of October, 2015.
�9
C' Ad63`iiistrator
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EXHIBIT A
NOTICE OF PUBLIC HEARING ON A PROPOSAL
FOR THE ISSUANCE OF EDUCATIONAL FACILITIES 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 Monday,
November 2, 2015, at 7:00 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 469.1655, as amended, by the
issuance of revenue bonds, in one or more series (the "Bonds").
The "Project" consists of (i) refunding Borrower's existing taxable debt related to the
acquisition of land and the purchase of an existing structure in 2014 acquired for the purpose of
establishing a private school to service students grades 4-12 diagnosed with autism spectrum
disorder ("ASD"), consisting of a one-story building of approximately 35,978 square feet with
14 classrooms, a playground area, lunch room, small gym, arcade, library, and parking lot (the
"Existing Facility") currently located at 3800 Silver Bell Road in the City of Eagan, Minnesota
(`Eagan") (the "Existing Project"), and (ii) financing the acquisition, construction, and equipping
of an approximately 48,332 square foot two-story new school building, to be joined with the
Existing Facility, which will serve primarily high school students with ASD, and will include a
reception area, approximately 14 classrooms, I I therapy/breakout rooms, 5 office/conference
rooms, a library, an arcade, a lunch room, and a gynmasium, and will also include construction
of a soccer field and a new parking lot all to be located at 2020 Silver Bell Road in Eagan, which
is at the southwest comer of Silver Bell Road and Tesseraet Place (the "Expansion Project" and,
together with the Existing 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
Project is $8,800,000.
The Bonds, if and when issued, will not constitute a charge, lien or encumbrance upon
any property of the City or Eagan, and such obligations will not be a charge against the general
credit or taxing powers of the City or 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.
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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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