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EXTRACT OF MINUTES OF MEETING OF THE CITY COUNCIL OF THE CITY OF ROSEVILLE Pursuant to due call and notice thereof, a regular meeting of the City Council of the City of Roseville, County of Ramsey, Minnesota, was held on the 11th day of February 2019 at 6:00 p.m. The following Council Members were present: Laliberte, Willmus, Groff and Roe; and Etten was absent. Council Member Groff introduced the following resolution and moved its adoption: RESOLUTION NO. 11577 RESOLUTION CONSENTING TO AND PROVIDING HOST APPROVAL TO THE ISSUANCE BY THE PUBLIC FINANCE AUTHORITY OF ITS REVENUE BONDS FOR THE BENEFIT OF ROSEVILLE SENIOR LIVING LLC BE IT RESOLVED by the City Council (the "City Council") of the City of Roseville, Minnesota (the "City")as follows: Section 1. Recitals. 1.01. Roseville Senior Living LLC, a Minnesota limited liability company or any of its affiliates (collectively, the "Borrower"), the sole member of which is City Housing& Community Services Corporation, a California nonprofit, public benefit corporation and an organization described in Section 501(c)(3) of the Internal Revenue Code of 1986, as amended (the "Code"), has proposed to refinance a loan made to the Borrower for the acquisition, construction, and equipping of Sanctuary in Roseville, an approximately 103-unit, 103-bed assisted living, independent living, and memory care facility to be located at 2600 Dale Street North in the City (the "Facility")and to finance the remainder of the costs of the construction and equipping of the Facility(together,the "Project"). 1.02. The Borrower has requested that the Public Finance Authority, a joint powers commission under Wisconsin Statutes, Sections 66.0301, 66.0303, and 66.0304, as amended (the "Act"), and a unit of government and body corporate and politic organized and existing under the laws of the State of Wisconsin(the"Authority"), issue its revenue bonds, in one or more series, as taxable or tax-exempt obligations (the"Bonds"), in an estimated maximum aggregate principal amount of$25,500,000, pursuant to the terms of the Act, and loan the proceeds thereof to the Borrower to (i) finance and refinance the Project; (ii)finance capitalized interest during the construction of the Project; (iii)fund required reserves; and(iv)pay costs of issuance of the Bonds. 1.03. Pursuant to Section 66.0304(11)(a) of the Act, prior to their issuance, bonds issued by the Authority must be approved by the governing body or highest ranking executive or administrator of the political jurisdiction within whose boundaries the project is to be located. 1.04. The Borrower has requested that the City Council approve the financing and refinancing of the Project and the issuance of the Bonds in order to satisfy the requirements of Section 4 of the Amended and Restated Page 1 of 3