HomeMy WebLinkAbout91-033 -
CITY OF LAKEVILLE
RESOLUTION
DATE: March 18, 1991 RESOLUTION NO. 91-33
MOTION: xarvey SECONDED BY s ind t
RESOLUTION CALLING FOR A PUBLIC HEARING
FOR THE CITY OF LAKEVILLE SINGLE FAMILY
MORTGAGE REVENUE BOND PROGRAM IN COMPLIANCE
WITH MINNESOTA STATUTES CHAPTER 462-C
BE IT RESOLVED by the City Council (the Council) of the City of Lakeville,
Minnesota (the City) as follows:
Section 1. Public hearing. This Council shall meet on Monday, April 1, 1991 at
approximately 7:00 p.m. to hold a public hearing at the Council Chambers located at
20195 Holyoke Avenue West, Lakeville, Minnesota on the proposed adoption of a single
family mortgage revenue bond program prepared in compliance with Minnesota Statutes
Chapter 462-C. The program provides for the issuance by the Dakota County HRA on
behalf of the City revenue bonds in an amount not exceeding $5 million to undertake a
program of making or purchasing mortgage loans made to acquire or rehabilitate single
family housing in the City by low or moderate income persons or families. The bonds
• shall be limited obligations and interest thereon shall be payable solely from the
revenues pledged to the payment thereof. No holder of any such bonds shall ever have
the right to compel any exercise of taxing power of the City or the authority to pay
the bonds or the interest thereon nor to enforce payment against any property of the
City or the authority to accept revenues of the program.
Section 2. Notice of hearing. The City Clerk is authorized and directed to
cause notice of the hearing to be given as required by law and that copies of the
proposal be available for public review in the City Clerk's office at Crty Hall and
to make such copies available for inspection by the public prior to the public
hearing.
The following voted in favor thereof: Ruhmann, Zaun, Sindt, Mulvihill, Harvey
The following voted against the same: N/A
Where upon said resolution was declared duly passed and adopted by the City
Council of the City of Lakeville, Minnesota on March 18 , 1991.
•
CITY OF LAKEVILLE
By
Du ne Zaun, Ma o
ATTEST:
~a~~
Charlene Friedges, City Clerl