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CCP 04-27-1992
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CCP 04-27-1992
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<br /> CITY OF ARDEN HILIS <br /> . MIHE\NOOM <br /> DM:'E : April 24, 1992 <br /> TO: Mayor and city COlmcil <br /> FRCH: Catherine J. !ago, 1\ctillq Clerk Mministrator CJ- <br /> SUBJECT : Presbyterian Hanes - Res. No. 92-29, Authorizillq <br /> Issuance of Revenue Bonds <br /> At the regular meeting held on November 25, 1991, Oouncil conducted a <br /> public hearing and granted prel:i1ninary approval of the sale of revenue <br /> I:x:>rrls by adopting Resolution No. 91-67; Giving Preliminary J\pproval to a <br /> Municipal Housing Program and Arnenclment to Housing Plan to Provide <br /> Financing and Refinancing f= a Senior Housing Development and the <br /> Issuance by the city of Revenue Borrls therefore on behalf of the <br /> Presbyterian Homes of Minnesota, Inc. <br /> The next step in the process requires adoption of the attached <br /> Resolution No. 92-29. <br /> . Attorney Filla has reviewed all documents and will be present at the <br /> meeting to discuss any conceTIlS. <br /> This item is placed on the Consent Calendar, since it is a routine item <br /> of business. If Council wishes to discuss this matter in more detail, <br /> it nay be removed from the Consent Calendar for discussion. <br /> ACI'ION RIDUIRED: <br /> A motion to adopt Resolution No. 92-29; Providing for the Issuance and <br /> Sale of Revenue Bond Pursuant to Minnesota statutes, Chapter 462C, as <br /> Arnended, to Provide FUnds to be Loaned to Presbyterian Homes of <br /> Minnesota, Inc. for Elderly Housing Project is required and grant <br /> authorization for the appropriate city officials to sign all necessary <br /> documents, pending review and approval by the city Attorney. <br /> CJI/ts <br /> Attachments <br /> M92-144 <br /> ** NOI'E: The April 23 letter from Mr. HeIde lists the documents that <br /> require signatures and copies are not attached; documents <br /> . were referred to the City Attorney for review. <br />
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