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<br />The City Council of the City of Roseville, Minnesota, met in regular, open, <br /> <br />public session at the City Hall on August 25, 1997, at 6:30 P.M., with the following <br /> <br />members present: <br /> <br />Wi ~kÌ' , <br /> <br />MR~~pl. Goedeke, Maschka, and Wall <br />, <br /> <br />and the following members absent: <br /> <br />None <br /> <br />* <br /> <br />* <br /> <br />* <br /> <br />(Other Business) <br /> <br />The following resolution was introduced: <br /> <br />RESOLUTION NO. -9.A...4l <br /> <br />RESOLUTION AUTHORIZING A PUBLIC HEARING IN <br />CONNECTION WITH THE ISSUANCE OF MUL TIFAMIL Y <br />HOUSING REFUNDING REVENUE BONDS (ROSEPOINTE <br />II PROJECT) <br /> <br />WHEREAS, the City of Roseville, Minnesota (the "City") has heretofore <br /> <br />issued its Multifamily Housing Revenue Bonds (Rosepointe Project), Series 1985-B, <br /> <br />dated December 30, 1985, in the original principal amount of $1,850,000 (the "1985 <br /> <br />Bonds"), of which $1,550,000 principal amount will remain outstanding as of <br /> <br />October I, 1997 (the next scheduled principal payment and mandatory tender date) <br /> <br />for the 1985 Bonds ; and <br /> <br />WHEREAS, the 1985 Bonds were issued for the purpose of making a loan to <br /> <br />RosePointe Housing Limited Partnership (the "Borrower") to finance the <br /> <br />acquisition and renovation of a 42 unit elderly rental housing facility in the City; <br /> <br />and <br />