2002_0819_packet - Laserfiche WebLink

Home

NOTICE OF PUBLIC HEARING ON THE ISSUANCE OF HEALTH CARE FACILITIES REVENUE OBLIGATIONS TO FINANCE A PROJECT BY WINGSPAN LIFE RESOURCES TO WHOM IT MAY CONCERN: Notice is hereby given that the City Council of the City of Roseville, Minnesota, will meet at the City Hall, in the City of Roseville, Minnesota, at 7:00 p.m. on Monday, September 23, 2002, to consider giving host approval to the issuance by the City of Little Canada, Minnesota of health care facilities revenue obligations, in one or more series, under Minnesota Statutes, Sections 469.152 through 469.1651 (the "Act"), in order to finance the cost of a project located in the City. The project will consist of refinancing the costs of acquisition and betterment of real and personal property, with respect to a 4-bed supervised living services facility for the developmentally disabled, located at 2939 Troseth, Roseville in the ma�mum amount of $170,000 (the "Project") all on behalf of the owner, Wingspan Life Resources, a Minnesota nonprofit corporation (the "Corporation"). The Corporation has proposed combining the financing for the Project with the financing of other projects under the Act which are located in the Cities of Little Canada, Falcon Heights, Minneapolis and Bloomington, Minnesota (the "Host Cities"), with the total amount of the obligations to be issued presently being estimated at not to exceed $1,400,000. The obligations and interest thereon sha11 not be payable from nor charged against any funds of the City or the Host Cities other than revenue pledged for the payment thereof, nor sha11 the City or the Host Cities be subject to any liability thereon. No holders of the obligations sha11 ever have the right to compel any exercise of the taxing power of the City or the Host Cities to pay the obligations or the interest thereon, nor to enforce payment against any properiy of the City or the Host Cities. Such obligations sha11 not constitute a charge, lien or encumbrance, legal or equitable, upon any properiy of the City or the Host Cities, nor shall the same constitute a debt of the City or the Host Cities within the meaning of any constitutional or statutory limitations. At the time and place fixed for the public hearing, the City Council of the City will give a11 persons who appear at the hearing an opportunity to express their views with respect to the financing of the Proj ect. Written comments will be considered if submitted at the City offices on or before the date of the hearing. A draft copy of the proposed application to the Commissioner of the Department of Trade and Economic Development, State of Minnesota, for approval of the project, together with all attachments and e�ibits thereto, is available for public inspection during normal business hours, Monday through Friday, at the offices of the City Manager, 2660 Civic Center Drive, Roseville, Minnesota. Dated: August _, 2002. BY ORDER OF THE CITY COUNCIL THE CTTY OF ROSEVILLE, MINNESOTA By Nea1 Beets Its City Manager 1437886-1