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, _ <br />: STATE OF MiNNESOTA _ <br />COUNTY OF RAMSEY _ : <br />C I TY _OF ARDEN W;I� LLS <br />- 'Resolution No.76-60 _ <br />, '� . <br />���� � RESOLUTION REC�TING A PROPOSAL FOR A <br />�� -� MEDICAL-NURSING CARE DEVELOPMENT PROJECT AND <br />- GIVING PRELTMINARY APPROVAL TO THE PROJECT <br />PURSUANT TO MINNESOTA STATUTES AND <br />AUTHORIZING THE SUBMTSSION OF AN APPLICATION <br />FOR APPROVAL OF SAID PROJECT T0 THE <br />COMMISSIONER OF ECONOMIC DEVELOPMENT <br />OF THE STATE OF MINNESOTA AND <br />: AUTHORIZING THE PREPARA^1ION OF NECESSARY� <br />` DOCUMENTS AND RELATED MATTERS <br />IN CONNECTION WITH SAID PROJECT <br />: WHEREAS, <br />�� <br />, <br />_ _ <br />(a) The request of The Presbyterian Homes of <br />� Minnesota Inc. a Minnesota non r <br />, , p ofit corporation (here- <br />� after "Homes") for assistance in financing i'cs expansion pro.gram <br />i (hereafter "Project") warrants the support of the City of.Arden <br />` Hi11s, because (i) the reduction of costs to the Hoines, at no <br />cost to the City, will allow the reduction of inedical and <br />, nursing care costs in the facility and to area residents;: : <br />' (ii) the City has an interest in delivery of health care ser- <br />� vices to area residents at'as 1ow a cost as possible; (iii) <br />� the proposed outpatient facilities wi11 be oi' special bene- <br />: fit to area residents; (iv) additional job opportunities will. <br />be generated by the Project; (v) the Homes has been grantedthe <br />necessary certificate of need by required authorities; (vi) : <br />financing of other health care projects in the Twin'City area <br />has long been accommodated by'municipalities in the met�o= �-� <br />,.politan area, one example being f�he financing of-the new <br />� Unit.� d Hospital � s and Children T s Hospital facilities in Saint <br />• Paul'; (vii) the Project is undertaken by a nonprofit corpor- <br />� <br />ation and (viii) poxtions of the:Project are supported by <br />; contributions by Bush Foundation and others. <br />(b ) The ` purpose of Chapter �47�t, Minnesota <br />Statutes, known as the Minnesota Municipal Industrial Develop- <br />��,� ment Act (hereinafter called "Act") as found and determined by <br />the legislature is to promote the welfare of the state by the <br />! -active attraction, encouragement and development of economically <br />� sound development proposals. . <br />