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1998_0810_packet
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1998_0810_packet
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INTERGOVERNMEN rz-_ AGLF, ET <br /> PROVIDING FOR THE ISSUANCE Of HE,L .x`14 CARE REVENUE <br /> BONDS NEE rgNTF. OTA STATLITES) SECTIONS 469.152 <br /> THROUGH 9.165 TO FINANCE A PROM T AND REFUND BONDS <br /> ON BEHALF of C LL)REN'S HEALTH C � <br /> o ER E T L AGREEMENT is entered into ��`the 1st dad <br /> This TTEI� .� ', <br /> he the City of Roseville, N i esota(`:Roseirifle ) and the City of <br /> of e�����e�� 1998, <br /> ilea 11s, Minnesota(uNfinneapolis"). Roseville arid- i rmeapo fis are e her et nab er together <br /> referred to as the "Cities". <br /> t , <br /> 1.1, Under Minnesota Statutes, Section 469-152 through 469.165 (the I' eti' � <br /> (i) issue re�renue btds to finance properties,real or <br /> each of the Cities is authonzed to <br /> ' existence,; used or usef--ui to co ee lion with a revenue producing <br /> personal,whether or not now in � r root engaged in <br /> venue roduein enterp�ses whether or not operated for <br /> inelu g re agreements with <br /> xd al care services., and <br /> (b) eater into and perform ��r��ra�ts a� <br /> providing <br /> • uree �� u.�sltio�x and financing of a prod eat d hereby <br /> other cities eoneer�rrg p� � � � � <br /> one city issues <br /> its reve lue bonds to finm ee a project ii another city, <br /> 1.2. the Act recites that the welfare of the State requires the active promotion., <br /> d develo meat of ecu nrr acally sound industry and commerce to <br /> attrac Ito n, er�eo uxaget�xe�t p and to <br /> as possible,the emergence of blight and areas o�chronic unemployment <br /> �re�ren� as far _ ry <br /> ' that the welfare o the State requires adequate health care <br /> regent eeono a deterioration _ <br /> p services are a��ailab�e to re�idea�ts of the state �,t reasonable <br /> facilities so that adequate health eaxe <br /> cost. <br /> 1.3. Children s Health Care t a Minnesota[lonprorit corporation doing business as <br /> Chl <br /> •ldren s Ho ls and es <br /> - has proposed that the Clues enter into this <br /> lam <br /> agreement pulSuant to the authority contained in th e Act,pursuant to which Minneapolis will <br /> (the �i o�ds`r�� ��lean � proceeds thereof to the <br /> issue�series o�revenue hors "Revenue� _ <br /> xss <br /> i other s,the acquisition and instdiation of certain itcn of <br /> h�ldr� s to firee� among g "Roseville• Project"). <br /> . . located inoe '1l ,e osev�lle <br /> d <br /> equipment�n#`a��httes o�Children's <br /> 1.4. The undert g o�the proposed l oseville Project and the issuance of the <br /> � p <br /> Revenue Bon to finance the cost thereof #1 promote public purposes and legislative <br /> ` <br /> objectives of the met by providing substantial inducement for e- Children's to undertake the <br /> Roseville'project. <br /> 2. Power. Roseville has adopted a resolution consenting to <br /> CT n etet � �o . <br /> roving the issuance by i neapolis off'the evenme <br /> Bends to fuianee the Roseville <br /> and approving <br /> d a ro��s she iss�ai�ee by l�Ixnneapolis of the Revenue <br /> project Roseville hereby consents#� and pp else the powers of <br /> Bonds under the Act to fmanee <br /> e Roseville Project. 1i r�n�apol�s shall e�€er <br />
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