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606 <br />57 RESOLUTION CALLING FOR A PUBLICHEARING ON A PROPOSAL <br />58 FOR THE ISSUANCE OF MULTIFAMILY HOUSING REVENUE OBLIGATIONS <br />59 TO FINANCE A MULTIFAMILY HOUSING FACILITY ON BEHALF OF <br />610 SNELLING APARTMENTS LIMITED PARTNERSHIP <br />61 WHEREAS, Snelling Apartments Limited Partnership, a Minnesota limited partnership, (the <br />62 "'Borrower"), has proposed that the City of Falcon Heights, Minnesota assist 'in financing a <br />63 Project which 'Includes, the acquisition, renovation and equipping by the Borrower of an <br />j�* * 1 46 <br />64 approximately 196-unit multifamily rental housing mcnity located at 2820 Snelling Avenue in <br />65 the City of Roseville,, Minnesota (the "City"); w-id <br />66 WHEREAS, the City has been advised that a public hearing and Council approval of financing <br />67 the Project with the obligations to be issued by the City of Falcon Heights, Minnesota are <br />68 required under Section 147(f) of the Internal Revenue Code because the Prof ectis located in the <br />69 City; <br />70 NOW', THEREFORE, BE IT RESOLVED by the City Council of the City of Roseville, <br />71 Minnesota, as follows: <br />72 1 A public hearing on the proposal of the Borrower will be held at the time and <br />73 place set forth in the Notice of Public Hearing attached hereto. The general nature of the Project <br />74 and an estimate of the aggregate principal amount of revenue bonds or other obligations to be <br />75 *Issued to finance the proposal are described in the Notice of Public Hearing. , <br />76 2. The Ci*ty Manager is hereby authorized and directed to cause notice of the hearing <br />77 to be given one publication i n the official newspaper of the City and also 'in a newspaper of <br />78 general circulation available in the City, not less than 15 days prior to the date fixed for the <br />4 <br />79 hearing, substantially lin the form. of the attached Note ce of Public Hearing. <br />2132560v 1 3 <br />