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2009_0629_Packet
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2009_0629_Packet
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1/9/2012 2:55:26 PM
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7/28/2009 2:46:41 PM
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PART III <br />MISCELLANEOUS MATTERS <br />Refundin�s. In the case of refundings of bonds for which the administrative fee listed in <br />paragraph 8 of Part II have been paid in full, no new administrative fees are required; but <br />the non-refundable application fee must be paid together with all City expenses in excess <br />of that fee. If the administrative fees for the refunded bonds are not paid in full upon <br />closing on the refunding bonds, such fees must continue to be paid for the refunding bonds. <br />In the case of refundings of bonds where no administrative fee has been paid, the <br />administrative fees listed in paragraph 8 of Part II must be paid. The application form is to <br />be appropriately modified. <br />2. Subsequent Proceedin�s. Where changes to the underlying documents or credit facilities <br />of outstanding bond issues are to be made and require Council action (including changes <br />that are a"deemed reissuance" under Internal Revenue Service regulations), no <br />administrative fee is charged but a non-refundable fee of $1, 500 must be deposited with <br />the City to cover administrative costs. No formal application form is required. <br />3. Issue by Another Political Subdivision. The City will consider requests for tax exempt <br />financing of projects in the City by other political subdivisions. In these cases the non- <br />refundable application fee must be paid and all procedures through the approval of the <br />preliminary resolution followed. No administrative fee is charged. <br />4. City Contact. Initial contacts about tax-exempt financing are made by contacting: <br />Finance Director <br />City of Roseville <br />2660 Civic Center Drive <br />Roseville, MN 55113 <br />5. Request for additional information or requirements. The City of Roseville has the right to <br />request additional information that may be deemed necessary to consider requests for t� <br />exempt financing of any project in the City of Roseville. <br />6. U�on issuance of the Sonds. The City of Roseville will want to be copied in on all annual <br />certifications of documents that are sent to the Treasury Department, the Internal Revenue <br />Service, the State of Minnesota, Minnesc <br />governmental body for compliance purposes, <br />bonds. <br />SJB-193102v1 4 <br />SA285-04 <br />a Housing Finance Agency and/or other <br />as provided in the documents relating to the <br />
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