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Last modified
10/17/2024 12:10:43 AM
Creation date
10/29/2009 2:06:31 PM
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General
Document
Revenue Notes for Northwestern College
General - Type
Resolution
Date
10/26/2009
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2.04. The City Administrator is hereby authorized and directed to publish notice of the public <br /> hearing, in substantially the form attached hereto as EXHIBIT A to this resolution, in the Shoreview- <br /> Arden Mills Bulletin, the official newspaper of the City and a newspaper of general circulation in the <br /> City. The notice shall be published at least once,at least fourteen(14)days prior to the date of the public <br /> hearing but not more than thirty(30)days prior to the date of the public hearing. <br /> 2.05. In accordance with Section 469.154 of the Act, the City Administrator is hereby <br /> authorized and directed to cause a draft copy of the DEED Application, together with drafts of all <br /> required attachments and exhibits, to be prepared by Kennedy & Graven, Chartered, as bond counsel. <br /> The DEED Application, together with all attachments and exhibits, shall be made available for public <br /> inspection in the office of the City Administrator during regular business hours of the City. The City <br /> Administrator and other officers, employees, attorneys, and agents of the City are hereby authorized to <br /> provide DEED with any information needed for this purpose, and the City Administrator is authorized to <br /> initiate and assist in the preparation of such documents as may be appropriate to the Project. <br /> Section 3. Preliminaly Approval. <br /> 3.01. The City hereby gives preliminary approval to the issuance of the Notes in the original <br /> aggregate principal amount not to exceed $9,000,000 to finance all or a portion of the costs of the <br /> Project, subject to final approval following the preparation of documents related to the Notes,and subject <br /> to final determination by the City that the financing of the Project and the issuance of the Notes are in the <br /> best interest of the City. <br /> 3.02. The law firm of Kennedy& Graven, Chartered, is authorized to act as bond counsel and <br /> to assist in the preparation and review of necessary.documents relating to the Project and the Notes to be <br /> issued in connection therewith. The City Administrator and other officers, employees, and agents of the <br /> City are hereby authorized to assist bond counsel in the preparation of such documents. <br /> (The remainder of this page is intentionally left blank.) <br /> 2 <br />
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