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EXTRACT OF MINUTES OF A MEETING <br /> OF THE CITY COUNCIL OF THE <br /> CITY OF ROSEVILLE, MINNESOTA <br /> * * * * * * * * * * * * * * * * <br /> Pursuant to due call and notice thereof, a regular meeting of the City Council of the City of <br /> Roseville, Minnesota was duly held at the City Hall in said City on Monday, October 22, 2018, <br /> commencing at 6:00 o'clock P.M. <br /> The following Council members were present: Willmus, Laliberte, Etten, McGehee and Roe and <br /> the following were absent: none. <br /> Council member Willmus introduced the following resolution and moved its adoption: <br /> RESOLUTION NO. 11548 <br /> A RESOLUTION CALLING FOR A PUBLIC HEARING <br /> ON CONSENTING TO THE ISSUANCE OF REVENUE NOTES AND <br /> AUTHORIZING THE PUBLICATION OF A NOTICE OF THE HEARING THEREFOR <br /> (PRESBYTERIAN HOMES CARE CENTERS, INC. —LANGTON PLACE <br /> PROJECT) <br /> (a) WHEREAS,Minnesota Statutes, Sections 469.152 through 469.165, as amended, <br /> relating to municipal industrial development (the "Act"), gives municipalities the power to <br /> issue revenue obligations for the purpose of promoting the welfare of the state by the <br /> active attraction and encouragement and development of economically sound industry and <br /> commerce to prevent so far as possible the emergence of blighted and marginal lands and areas <br /> of chronic unemployment; and <br /> (b) WHEREAS, the City of Roseville, Minnesota ("Roseville"), has received <br /> from Presbyterian Homes Care Centers, Inc., a Minnesota nonprofit corporation and 501(c)(3) <br /> organization (the "Borrower"), a proposal that the City of Little Canada, Minnesota undertake a <br /> program to assist in financing the "Project" described in the form of Notice of Public Hearing <br /> attached hereto as Exhibit A, which is located in Roseville, through the issuance of revenue <br /> notes or other obligations (in one or more series) (the "Notes") pursuant to the Act; and <br /> WHEREAS, Roseville has been advised that a public hearing and City Council host approval of <br /> and consent to the financing of the Project is required under the Act and Section 147(f) of the <br /> Internal Revenue Code of 1986, as amended (the "Code"), because the facilities to be financed <br /> by the Notes are located in Roseville: <br /> Page 1 of 4 <br />