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<br />Resolution No. 10033 <br /> <br />RESOLUTION GIVING HOST CITY APPROVAL TO THE <br />ISSUANCE OF HEALTH FACILITIES REVENUE OBLIGATIONS FOR A <br />PROJECT BY WINGSPAN LIFE RESOURCES LOCATED IN <br />THE CITY OF MINNEAPOLIS, UNDER MINNESOTA STATUTES, <br />SECTIONS 469.152 THROUGH 469.1651 AND <br />APPROVING A JOINT POWERS AGREEMENT <br /> <br />BE IT RESOLVED, by the City Council (the "Council") of the City of Roseville, Ramsey <br />County, Minnesota (the "City") as follows: <br /> <br />Section 1. General Recitals. The purpose of Minnesota Statutes, Sections 469.152 through <br />469.1651 as amended, (the "Act"), is, among other things, to promote the welfare of the State of <br />Minnesota (the "State") by providing necessary health care facilities. <br /> <br />Section 2. <br /> <br />Description ofthe Pr01ect. <br /> <br />(a) Wingspan Life Resources, a Minnesota nonprofit corporation and organization described <br />in Section 501(c)(3) of the Internal Revenue Code of 1986, as amended (the "Corporation") has <br />proposed the issuance of revenue obligations under the Act, in one or more series, in an amount not to <br />exceed $1,400,000 (the "Obligations") to finance the costs of a project (the "Project") consisting of the <br />refinancing or acquisition and renovation by the Corporation of 4-bed supervised living services health <br />care facilities for developmentally disabled persons and an office building as more particularly described <br />below, a portion of which is located in the City, as described under the heading Roseville Portion below: <br /> <br />Location . Refinancing Acquisition and Max. Amount to be <br /> Renovation Issued <br /> Falcon Heights Portion <br />1489 Hoyt Ave. West, Falcon Heights $150,000 <br />FALCON HEIGHTS TOTAL $150,000 <br /> Minneapolis Portion <br />611 West 34th Street, Minneapolis $160,000 <br />MINNEAPOLIS TOTAL $160,000 <br /> Roseville Portion <br />2939 Troseth, Roseville $170,000 <br />ROSEVILLE TOTAL $170,000 <br /> Little Canada Portion <br />2954 Rice Street, Little Canada $292,000 <br />LITTLE CANADA TOTAL $292,000 <br /> Bloomington Portion <br />10220 York Lane, Bloomington $200,000 <br />9400 Sheridan Avenue, Bloomington $200,000 <br />9212 Portland Avenue S., Bloomington $200,000 <br />BLOOMINGTON TOTAL $600,000 <br /> <br />1438032vl <br /> <br />2 <br />