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CCP 11-14-2001
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CCP 11-14-2001
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<br />! <br /> <br />e <br /> <br />e <br /> <br />e <br /> <br />~ <br />~~HILLS <br /> <br />;"" <br /> <br />December 3,2001 <br /> <br />Mr. Paul Moe <br />Minnesota Department of Trade and Economic Development <br />500 Metro Square <br />121 - 7th Place East <br />SI. Paul, MN 55101 <br /> <br />RE: City of Arden Hills, MN <br />$2,250,000 Health Care Facility Revenue Note <br />(Presbyterian Homes Bloomington Care Center, Inc. Project), Series 2001A <br /> <br />Dear Mr. Moe: <br /> <br />Attached hereto in duplicate is the application of the City of Arden Hills, Minnesota, for <br />approval of the above referenced project (the "Project") including a copy ofthe Resolution <br />giving preliminary approval for the issuance of the Note adopted by the City Council on <br />September 10, 2001. <br /> <br />As indicated in the attached Resolution, we believe that this Project fully meets the public <br />purpose requirements of Minnesota Statutes, Sections 469.152 to 469.1651 (the "Act"). We <br />also believe that the Proj ect will serve the interests of the community by providing health <br />care services and helping to expand and diversify the community's industrial economic base. <br /> <br />Reference is made to the Resolution for a more definitive statement of the public purposes <br />served by the financing. <br /> <br />The Project does not contain any property to be sold or affixed or consumed in the <br />production of property for sale, and does not include any housing facility to be rented or <br />used as a permanent residence. <br /> <br />The City has complied with the notice and hearing requirements of Minnesota Statutes, <br />Section 469.154, subdivision 4, and agrees it will comply with the reporting requirements <br />set forth in Minnesota Statutes, Section 469.154, subdivisions 5 and 7. The public hearing <br />was held on September 10, 2001, at the Arden Hills City Hall, a draft copy of the enclosed <br />application with all attachments was available for public inspection and all interested parties <br />were afforded an opportunity to express their views. <br /> <br />City of Arden Hills . 1245 'Vest Highway 96 . Al'den Hills; MN . 55112.5794 <br />Phone 651.634.5120 . Fax 651.634.5137 . www.d.a.-den-hills.mn.us <br />
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