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used to acquire certain cooperative senior housing units in the Gideon Pond Cooperative located at 9901 Penn <br /> Ave. South in the City and the Bloomington Care Center, an 80 -bed skilled nursing facility located at 401 W. 95 St. <br /> in the City, and to refinance capital costs expended in conjunction with the Bloomington Care Center and McKnight <br /> Care Center, a 208 -bed nursing home facility located at 3220 Lake Johanna Boulevard, Arden Hills, Minnesota; and <br /> WHEREAS, since a portion of the facilities proposed to be refinanced by the Bonds are located in the City, <br /> Section 147(0 of the Internal Revenue Code of 1986, as amended, and regulations promulgated thereunder require <br /> that, prior to the issuance of the Bonds, this Council approve the issuance of the Bonds by Bloomington, after <br /> conducting a public hearing thereon; and <br /> NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ROSEVILLE, <br /> MINNESOTA: <br /> 1. A public hearing on the proposal that Bloomington issue the Bonds to refinance the Roseville Project <br /> is hereby called, and such meeting shall be held on Monday, November 15, 2010, at 6:00 P.M., at City Hall; and <br /> 2. The Finance Director shall cause notice of the public hearing, in substantially the form attached hereto <br /> as Exhibit A, to be published in the official newspaper of the City and a newspaper of general circulation in the City, <br /> once not less than 14 days prior to the date fixed for the public hearing. <br /> Adopted by the City Council of the City of Roseville on this 18th day October, 2010. <br /> 1 ISA <br /> nson, cting Mayor <br /> Attest: 71/4 <br /> Christopher K. Miller, Acting City Manager <br />