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<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 <br /> <br />the City of Roseville, Minnesota, was duly called and held at the City Hall in said City on <br /> <br />Tuesday, the 12th day of June, 2006, at 6:00 o'clock p.m. <br /> <br />The following members were present: Kough, Ihlan, Pust, Maschka and Klausing <br /> <br />and the following were absent: none. <br /> <br />Member Maschka introduced the following resolution and moved its adoption: <br /> <br />RESOLUTION NO. 10407 <br /> <br />RESOLUTION APPROVING THE ISSUANCE AND SALE OF THE <br />$1,400,000 HEALTH CARE FACILITIES REVENUE NOTE <br />AND AUTHORIZING THE EXECUTION OF DOCUMENTS RELATING THERETO <br />(WINGSPAN PROJECT) <br /> <br />BE IT RESOLVED by the City Council of the City of Roseville, Minnesota (the <br />"City"), as follows: <br /> <br />SECTION 1 LEGAL AUTHORIZATION AND FINDINGS. <br /> <br />1.1 Findings. The City hereby finds, determines and declares as follows: <br /> <br />(1) The City is a municipal corporation and a political subdivision of the State <br />of Minnesota and is authorized under Minnesota Statutes, Section 469.152 to 469.1651, as <br />amended (the "Act") to assist the revenue producing project herein referred to, and to issue the <br />Note, as hereinafter defined, for the purpose of the encouragement and development of <br />economically sound industry and commerce to prevent so far as possible the emergence of <br />blighted and marginal lands and areas of chronic unemployment, and to sell the Note in the <br />manner and upon the terms and conditions set forth in the Act and in this Resolution <br /> <br />1909189v1 <br />