My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
1997 Resolutions
Centerville
>
City Council
>
Resolutions
>
1990-1999
>
1997
>
1997 Resolutions
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
5/9/2006 3:03:27 PM
Creation date
9/30/2005 3:07:13 PM
Metadata
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
103
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
<br />CITY OF CENTERVILLE <br />STATE OF MINNESOTA <br />RESOLUTION 97-21 <br /> <br />RESOLUTION APPROVING THE ISSUANCE BY THE ANOKA COUNTY HOUSING <br />AND REDEVELOPMENT AUTHORITY OF ITS HOUSING DEVELOPMENT <br />REVENUE BONDS (CITY OF CENTERVILLE UNLIMITED TAX GENERAL <br />OBLIGATION), SERIES 1997B IN THE AGGREGATE PRINCIPAL AMOUNT OF <br />1,290,000 TO WHICH BONDS THE GENERAL OBLIGATION OF THE CITY OF <br />CENTERVILLE IS PLEDGED, AUTHORIZING EXECUTION OF DOCUMENTS AND <br />SPECIFICALLY PLEDGING CERTAIN FUNDS. <br /> <br />WHEREAS, pursuant to Minnesota Statutes, Section 469.017, the Anoka County <br />Housing and redevelopment authority (the "Issue") is authorized to undertake housing <br />development projects and to acquire and construct multifamily rental housing for the purposes of <br />providing housing for low and moderate income people and families, including elderly persons, <br />and <br /> <br />WHEREAS, pursuant to Minnesota Statutes, Section 469.034, Subd. 2, the Issuer is <br />authorized to issue bonds backed by the full faith and credit of the City of Centerville, Minnesota <br />(the "City") to finance a housing development project following (a) a determination by the Issuer <br />that pledged revenues will equal or exceed 110% of the principal and interest due on such bonds <br />for each year, and (b) approval by the City of the principal amount of the Bonds following a <br />public hearing; and <br /> <br />WHEREAS, the Issuer has given preliminary approval to the issuance of Bonds to <br />finance the acquisition and construction ofa 16-unit multifamily housing project (the "Project") <br />for low and moderate income elderly tenants to be located within the City of Centerville, County <br />of Anoka; and <br /> <br />WHEREAS, the Projects constitutes a "qualified housing development project," which is <br />defined under Minnesota Statutes, Section 469.034, Subd. 2, to include a housing development <br />project providing housing for the elderly; and <br /> <br />WHEREAS, on September 24, 1997, the City conducted a public hearing following <br />publication of notice pursuant to Minnesota Statutes, Section 469.034, Subd. 2, and <br /> <br />WHEREAS, the City is authorized by Minnesota Statutes, Section 469.041 to dedicate <br />its interest in any property to the Issuer and do any and all things' necessary and convenient to aid <br />and cooperate in the planning, undertaking, construction or operation of the Project; <br /> <br />NOW, THEREFORE, BE IT RESOLVED, BY THE CITY COUNCIL OF THE <br />CITY OF CENTERVILLE, MINNESOTA AS FOLLOWS: <br />
The URL can be used to link to this page
Your browser does not support the video tag.