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<br />RESOLUTION CALLING FOR A PUBLIC HEARING ON <br />THE ISSUANCE OF A REVENUE NOTE TO FINANCE <br />HEALTH CARE FACILITIES, AND <br />AUTHORIZING THE PUBLICATION OF A NOTICE OF THE HEARING <br />(WINGSPAN PROJECT) <br /> <br />(a) WHEREAS, Minnesota Statutes, Sections 469.152 through 469.1651, relating to <br />municipal industrial development (the "Act"), gives municipalities the power to issue revenue bonds for <br />the purpose of providing necessary health care facilities; and <br /> <br />(b) WHEREAS, the City Council of the City of Roseville, Minnesota (the "City"), has <br />received from Wingspan Life Resources, a Minnesota nonprofit corporation (the "Borrower"), a <br />proposal that the City undertake a program to assist in financing a Project hereinafter described, through <br />the issuance of a revenue note (the "Note") pursuant to the Act; and <br /> <br />(c) WHEREAS, before proceeding with consideration of the request of the Borrower it is <br />necessary for the City to hold a public hearing on the proposal pursuant to the Act: <br /> <br />NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Roseville, <br />Minnesota, as follows: <br /> <br />1. A public hearing on the proposal of the Borrower will be held at the time and place set <br />forth in the Notice of Public Hearing attached hereto. <br /> <br />2. The Manager is hereby authorized and directed to cause notice of the hearing to be given <br />one publication in the official newspaper of the City and also in a newspaper of general circulation <br />available in the City, not less than 14 days nor more than 30 days prior to the date fixed for the hearing, <br />substantially in the form of the attached Notice of Public Hearing. <br /> <br />Adopted by the City Council of the City of Roseville, Minnesota, this 22nd day of May, 2006. <br /> <br />~/J~~ <br />Mayor <br /> <br />ATTEST: <br /> <br />/Luf~. ~ <br /> <br />Manager () <br /> <br />1906150vl <br /> <br />2 <br />