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W. <br /> X <br /> ate., 1.a <br /> RESOLUTION RWITING A PROPOARL FOR A <br /> FINANCING FRWRAX FM A WATI�FJMZLI RMAL <br /> MOUelMG DZVZMPKM FROJECT r 03EVIVO PRELIMINARY <br /> APPROVAL TO THE PM=CT AND TM I seUATCIC of HOUSING FACIL USS <br /> BOWDS# F SUAN ' TO XIMESOTA STATMS t CHAPTER 4 6 2 C p <br /> AM APPRMNG A ROUSING PRWRM <br /> (COLLEGE PROPERTIM& INCA ) <br /> WKERENSp <br /> (a) on July 260 I9 9 3, this Cit l Council of the <br /> City of Roseville, Minnaso (the WC tyu)jr adopted a <br /> prelinry resolution (the "zarx ier Preliminary <br /> Resolution") with respect to a Project (as dancribed <br /> therein) pr sad by College Fropertiang tncb (the <br /> MDeveloper"); <br /> (b) Minnesota Statutes,, Chapter 4 6 2 C (the uket") <br /> nfors upon cities,, the power to issue revenue bonds <br /> to finance a program for the purposes of pla inq, <br /> administering i _or purchasing loans with respect <br /> to one or more itiw-f ami.Ly housing daveiapments within <br /> the boundaries of the city es <br /> (o) The City has reoei ed from the Oe.vel"ar a <br /> proposal that the City underte1e a program to finance a <br /> Project hereinafter dancribedi through the issuance of <br /> revenue bonds or obligations (in one or more series) <br /> (the 03onds") pursuant to the Act l <br /> (d) The City desires to foci l itata the <br /> dovelopmant of rental housing within the oosmunity; <br /> encourage the development of affordable housing <br /> opportunities for residouts of the City; encourage the <br /> development of horsing facilities designed for <br /> cmauparicy -by elderly persons; and anoouraga the <br /> develop t of hli ted or undarut iliz ad land and <br /> structures within the bmndari&s of the City; and the <br /> protect will aasfat the City in achieving theme <br /> obJ ectivos; <br /> (a) The "Fro J ectu to be financled by the Bonds is <br /> the arm uisition of lando aMstract ion and installation <br /> of a 127 unit senior indeyendent l fving facility,, a 9:L <br /> unit senior assis .ed luring facility and related <br /> eguipmant and impravleawto to be located at the <br /> 2 <br /> r r� . ++�r+ +t R rW rr W!y.. I. 1 'i M,A 1 M-D �I + h i r'1 A 1 �ff m) P�7 7 1 n n n U] 'f V f1.f,�41] Tl f l T U <br /> f uYl 4 b III.r; Y, ff i4 N 11 ii Or,W w, iW uW W „m m 1 WV W,J,W <br /> U. ixi. Nm�^ �1W� �muvc W z��!I �.W I"�i.,,.. �ui�� 1rc uyl.,,a N7ir��,. .. 4� ,�WIC. ��o u OC I,, � „. ''-� � i � 4,, d ITV, ��� � @ � °"� .h!Z� � ... Vf ,.,,o <br />