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INTERGOVERNMENTAL AGREEMENT PROVIDING FOR THE ISSUANCE OF HEALTH CARE REVENUE BONDS UNDER MINNESOT ^ ST ^ TUTES, SECTIONS 469.152 THROUGH 469.165 TO FINANCE A PROJECT AND REFUND BONDS ON BEHALF OF CHILDREN'S HEALTH CARE This INTERGOVERNMENTAL AGREEMENT is entered into as of the 1 st day of September, 1998, between the City of Roseville, Minnesota ("Roseville") and the City of Minneapolis, Minnesota ("Minneapolis"). Roseville and MÜmeapolis are hereinafter together referred to as the "Cities". 1. Statement of Purpose and Powers to be Exercised. 1.1. Under Minnesota Statutes, Section 469.152 through 469.165 (the "Act"), each of the Cities is authorized to (i) issue its revenue bonds to finance properties, real or personal, whether or not now in existence, used or useful in connection with a revenue producing enterprise, including revenue producing enterprises whether or not operated for profit, engaged in providing health care services, and (ii) enter into and perform contracts and agreements with other cities concerning planning, purchase, acquisition and financing of a project and whereby one city issues its revenue bonds to finance a project in another city. 1.2. The Act recites that the welfare of the State requires the active promotion, attraction, encouragement and development of economically sound industry and commerce to prevent, as far as possible, the emergence of blight and areas of chronic unemployment and to prevent economic deterioration and that the welfare of the State requires adequate health care facilities so that adequate health care services are available to residents of the state at reasonable cost. 1.3. Children's Health Care, a Minnesota nonprofit corporation doing business as Children's Hospitals and Clinics ("Children's"), has proposed that the Cities enter into this agreement pursuant to the authority contained in the Act, pursuant to which Minneapolis will issue a series of revenue bonds (the "Revenue Bonds") and loan the proceeds thereof to the Children's to finance, among other things, the acquisition and installation of certain items of equipment in facilities of Children's located in Roseville (the "Roseville Project"). 1.4. The undertaking of the proposed Roseville Project and the issuance of the Revenue Bonds to finance the cost thereof will promote the public purposes and legislative objectives of the Act by providing substantial inducement for the Children's to undertake the Roseville Project. 2. Manner of Exercising Power. Roseville has adopted a resolution consenting to and approving the issuance by Minneapolis of the Revenue Bonds to finance the Roseville Project. Roseville hereby consents to and approves the issuance by Minneapolis of the Revenue Bonds under the Act to finance the Roseville Project. Minneapolis shall exercise the powers of