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Last modified
7/17/2007 8:34:09 AM
Creation date
12/1/2004 1:58:25 PM
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Roseville City Council
Document Type
Council Resolutions
Resolution #
8592
Resolution Title
Relating to a project on behalf of the Long Term Care Foundation under the Minneapolis Industrial Development Act, approving a Joint Powers agreement relating to the issuance of bonds by the City be adopted
Resolution Date Passed
7/23/1990
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<br />" <br /> <br />1.04. Documentation. A form of Joint Powers <br />Agreement has been prepared and submitted to this Council and <br />is hereby directed to be filed with the City Manager <br /> <br />Section 2. Authorization and Approval of the Joint <br />Powers Aqreement. <br /> <br />The issuance of bonds by the City of Minneapolis on <br />behalf of the City and each of the Other Cities for· the purpose <br />of financing the Project and the other projects described <br />above, pursuant to the Act and the Joint Powers Agreement, is <br />hereby approved. The form of the Joint Powers Agreement <br />referred to in Section 1.04 is approved subject to such <br />modifications as are deemed appropriate and approved by the <br />City Attorney and the Mayor, which approval shall be <br />conclusively evidenced by the execution of the Joint Powers <br />Agreement by the Mayor and the Ci ty Hanager The Mayor and <br />the City Manaqer are hereby authorized and directed to <br />execute the Joint Powers Agreement. The Mayor and the <br />City Managerare also authorized and directed to execute such <br />other instruments as may be required to give effect to the <br />transaction herein contemplated. <br /> <br />Section 3. Authentication of Proceedinqs. <br /> <br />The Mayor and City Managerand other officers of the <br />City are authorized and directed to furnish to the Borrower and <br />the attorneys rendering an opinion on the issuance of the <br />bonds, certified copies of all proceedings and records of the <br />City relating to the bonds and such other affidavits and <br />certificates as may be required to show the facts relating to <br />the legality and marketability of the bonds as such facts <br />appear from the books and records in the officer's custody and <br />control or as otherwise known to them; and all such certified <br />copies, certificates and affidavits, including any heretofore <br />furnished, shall constitute representations of the City as to <br />the truth of all statements contained therein. <br /> <br />Adopted this 23rd day of July <br /> <br />, 1990. <br /> <br />Cjty~~ <br /> <br />-2- <br />
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