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� <br />_ _. _ <br />�/� <br />EN HILLS : <br />Re uest for Coun il A' <br />q c ct�on <br />Prepared By: Sue Iverson, Council Meetin Date: Ma 10 2010 <br />Finance Director/Treasurer g y ' <br />Host Approval for $30,000,000 City of Spring Park Conduit Debt for Presbyterian Homes <br />Budgeted Amount: Actual Amount: Funding Source: <br />N/A N/A N/A <br />Recommendation: <br />1. Motion to adopt Resolution 2010-026, giving host approval to the issuance of <br />Multifamily Housing and Health Care Revenue Notes under Minnesota Statutes, <br />Chapter 462c and authorizing the execution of a j oint powers agreement and an <br />assignment and assumption of regulatory agreement. <br />� ....._.....---- ..................�._..............------_.._............................--------._..._........._.............__.._.............................----_..............----.................-.-----........._.._._..__...._.-.-----------........_..__........_.._.._......._._._............_---............_---......�....---------......_.._...............--------.........._._...._......----.._........ <br />Supporting Documents: <br />1. See the attached memo from Sue Iverson dated May 10, 2010. <br />2. Letter from Julie Eddington, City Bond Counsel — Kennedy & Graven. <br />3. Resolution 2010-026. <br />4. Joint PoWers Agreement. <br />5. �ssignment and Assumption of Regulatory Agreement. <br />