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6A, Host Approval for $30,000,000 City of Spring Park Conduit Debt for Presbyterian Homes
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6A, Host Approval for $30,000,000 City of Spring Park Conduit Debt for Presbyterian Homes
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10/24/2024 10:03:43 AM
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5/7/2010 4:05:30 PM
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Host Approval for City of Spring Park
General - Type
Conduit Debt
Date
5/10/2010
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Section 5. Host Approval. The City Council hereby gives the host approval required <br />under Section 147(� of the Code and, pursuant to Minnesota Statutes §471.656, Subd. 2(2), the <br />City Council hereby consents to the issuance of the Note. <br />Section 6. Joint Powers Agreement and Assignment and Assumption of Regulatory <br />Agreement. The Joint Powers Agreement and Assignment and Assumption of Regulatory <br />Agreement are hereby approved in substantially the forms now on file with the City; and the <br />Mayor and the Administrator of the City are authorized to execute the same in the name of and <br />on behalf of the City. In the event of the disability or the resignation or other absence of the <br />Mayor or City Administrator of the City, such other officers of the City who may act in their <br />behalf shall without further act or authorization of the City do all things and execute all <br />instruments and documents required to be done or to be executed by such absent or disabled <br />officials. The approval hereby given to the Joint Powers Agreement and the Assignment and <br />Assumption of Regulatory Agreement includes approval of such additional details therein as may <br />be necessary and appropriate and such modifications thereof, deletions therefrom and additions <br />thereto as may be necessary and appropriate and approved by the City Attorney and by the City <br />officials authorized herein to execute the Joint Powers Agreement and the Assignment and <br />Assumption of Regulatory Agreement prior to its execution; and said City officials are hereby <br />authorized to approve said changes on behalf of the City. <br />Stanley Harpstead, Mayor <br />ATTEST: <br />Patrick Klaers, Administrator <br />� <br />2494475v2 <br />
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