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EXTRACT OF MINUTES OF MEETING <br /> OF THE <br /> CITY COUNCIL OF THE CITY OF ROSEVILLE <br /> Pursuant to due call and notice thereof, a regular meeting of the City Council of the City <br /> of Roseville, County of Ramsey, Minnesota was duly held on the 14th day of February, <br /> 2000 at 6:30 p.m. <br /> The following members were present: and the following were absent: . <br /> Member mmmmmmm introduced the following resolution and moved its adoption: <br /> RESOLUTION <br /> Approving and authorizing the issuance of revenue notes by the City of Brainerd <br /> under Minnesota Statutes, Sections 469.152 through 469.165, as amended, to finance <br /> property for the benefit of Lutheran Social Service of Minnesota <br /> WHEREAS, under Minnesota municipal Industrial Development Act, Minnesota <br /> Statutes, Sections 469.152-469.165, as amended (the "Act"), each <br /> municipality and redevelopment agency of the State of Minnesota (as <br /> defined in the Act), including the City of Brainerd, Minnesota (the "City <br /> of Brainerd"), is authorized to issue revenue obligations to finance capital <br /> equipment and improvements to land and buildings for the benefit of a <br /> revenue producing enterprise to be owned by a contracting party (as <br /> defined in the Act; and <br /> WHEREAS, under Section 469.155, subdivision 9, of the Act, the City of Brainerd is <br /> authorized to enter into and perform contracts and agreements with other <br /> municipalities as the governing bodies of the city and as the other <br /> municipalities may deem proper and feasible for or concerning the <br /> financing of a project under the Act, including an agreement whereby one <br /> municipality issues its revenue obligations in behalf of one or more other <br /> municipalities; and <br /> WHEREAS, the City of Brainerd, has proposed to issue one or more revenue notes (the <br /> "Notes") and loan the proceeds derived from the sale of the Notes to <br /> Lutheran Social Service of Minnesota, a nonprofit organization (the <br /> "Borrower", to finance the acquisition of computer equipment and motor <br /> vehicles, and the acquisition and construction of improvements to existing <br /> buildings (the "Project"), to be located at the existing facilities of the <br /> Borrower in numerous municipalities in the State of Minnesota; and <br />