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Attachment A <br />EXTRACT OF MINUTES OF A MEETING OF THE <br />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 <br />of Roseville, Minnesota, was duly held on Monday, October 12, 2020, commencing at 6:00 o’clock <br />P.M. <br />The following members were present: <br />and the following were absent: <br />Member ___________ introduced the following resolution and moved its adoption: <br />RESOLUTION NO. ______ <br />RESOLUTION GIVING APPROVAL TO A PROPOSED HOUSING <br />PROGRAM AND THE ISSUANCE BY THE CITY OF DEEPHAVEN, <br />MINNESOTA OF ITS SENIOR LIVING REVENUE BONDS (STATE <br />HOLDINGS OF MINNESOTA LLC PROJECT), SERIES 2020 <br />RESOLUTION ____________ <br />WHEREAS, by the provisions of Minnesota Statutes, Chapter 462C, as amended (the <br />“Act”), the City of Roseville, Minnesota (the “City”), is authorized to adopt a program to finance <br />multifamily housing developments within its boundaries; and <br />WHEREAS, the City has received a request from State Holdings of Minnesota LLC, a <br />Wyoming limited liability company (the “Borrower”), the sole member of which is State Housing <br />& Community Services Corporation, a California nonprofit public benefits corporation, that the <br />City approve a housing program pursuant to the Act, a copy of which is on file in the office of the <br />City Manager(the “Program”), which provides for the financing of the construction, acquisition <br />and/or improvement of an existing 32-unit senior housing facility located at 197 County Road B2 <br />Westin the City (the “Facility”), through the issuance by the City of Deephaven, Minnesota (the <br />“Issuer”), of its revenue bonds in one or more taxable or tax-exempt series, in a principal amount not <br />to exceed $58,500,000 (the “Bonds”), all as more particularly described in the Program; and <br />WHEREAS, proceeds of the Bonds will be loaned to the Borrower to finance the <br />construction, acquisition and/or improvement by the Borrower of the Facility and senior living <br />facilities located in the Cities of Vadnais Heights, Little Canada, North St. Paul and Inver Grove <br />Heights, Minnesota (the “Project”). <br />NOW, THEREFORE, be it resolved by the City Council of the City of Roseville, <br />Minnesota, that: <br />1. As required by the Act, the City Council held a public hearing on the date hereof <br />on the adoption of the Program and issuance of the Bonds by the Issuer, all after publication in a <br /> <br /> <br />