CCP 11-14-2001 - Laserfiche WebLink

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