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� <br />EN HILLS <br />Request for Council Action <br />Prepared By: Sue Iverson, Director of Finance <br />and Administrative Services CQ'�'cil Meeting Date: July 25, 2011 <br />Presbyterian Homes Conduit Debt — Public Hearing <br />and Prelina.inary Approval to Yssue Bonds <br />Budget�d Amaunt: Acival Amount: Funding Source: <br />NA NA NA <br />Recommendation: <br />l. Conduct Public Hearing. <br />2. A motion to adopt Resolution 20I1-039, a resolution approving a housing program <br />relati�g to a senior rental housing development to be iocated in the City of Arden Hills; <br />granting preli�ninary appraval to the issuance of revenue obligations by the City to <br />finance the senior rental housing development; and approving and au�horizing certain <br />related actions. <br />Supportin� Documents: <br />1. Memorandum dated July 25, 2011 from Sue �verson. <br />2. Memorandum dated July 20, 2011 from John Utley, Kennedy & Graven. <br />3. Resolution 2011-034. <br />4. Memorandum dated July 11, 2011 from Guy Peterson, Metropoliian Council. <br />