My WebLink
|
Help
|
About
|
Sign Out
Home
2014_1027_CCpacket
Roseville
>
City Council
>
City Council Meeting Packets
>
2014
>
2014_1027_CCpacket
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
12/11/2014 3:23:53 PM
Creation date
10/23/2014 3:11:58 PM
Metadata
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
133
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
RESOLUTION CALLING FOR A PUBLIC HEARING ON THE ISSUANCE OF <br />EDUCATIONAL FACILITIES REVENUE NOTES AND <br />AUTHORIZING THE PUBLICATION OF A NOTICE OF THE HEARING <br />(CHARTER SCHOOLS DEVELOPMENT CORPORATION/HIAWATHA ACADEMIES PROJECT) <br />(a)WHEREAS, Minnesota Statutes, Sections 469.152 through 469.1655, <br />relating to municipal industrial development (the “Act”), gives municipalities the power to issue <br />revenue obligations for the purpose of promoting the welfare of the state by the active attraction <br />and encouragement and development of economically sound industry and commerce to prevent <br />so far as possible the emergence of blighted and marginal lands and areas of chronic <br />unemployment; and <br />(b)WHEREAS, Roseville, Minnesota (the “City”), has received from Charter <br />Schools Development Corporation, a District of Columbia nonprofit corporation and 501(c)(3) <br />organization (the “Borrower”), a proposal that it undertake a program to finance the Project <br />hereinafter described, through the issuance of revenue notes, in one or more series, or obligations <br />(the “Notes”) pursuant to the Act; and <br />(c)WHEREAS, before proceeding with consideration of the request of the <br />Borrower it is necessary for the City to hold a public hearing on the proposal pursuant to Section <br />147(f) of the Internal Revenue Code and Section 469.154, Subdivision 4, of the Act. <br />NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Roseville, <br />Minnesota, as follows: <br />1.A public hearing on the proposal of the Borrower will be held at the time <br />and place set forth in the form of Notice of Public Hearing attached hereto as Exhibit A. The <br />general nature of the Project and an estimate of the aggregate principal amount of revenue notes <br />or other obligations to be issued to finance the proposal are described in the Notice of Public <br />Hearing. <br />2.The Manager is hereby authorized and directed to cause notice of the <br />hearing to be given one publication in the official newspaper of the City and also in a newspaper <br />of general circulation available in the City, not less than 14 days nor more than 30 days prior to <br />the date fixed for the hearing, substantially in the form of the attached Notice of Public Hearing. <br /> 2 <br />6640120v1 <br />
The URL can be used to link to this page
Your browser does not support the video tag.