HomeMy WebLinkAbout85-018 r
CITY OF LAKEVILLE
RESOLUTION N0. 85-18
RESOLUTION AUTHORIZING A PUBLIC HEARING WITH RESPECT
TO AND THE PUBLICATION OF A POLICY REPORT UNDER SECTION 103A
WHEREAS, federal regulations require that the issuer of qualified mortgage bonds
prepare and publish a policy report (a "Report") containing housing, develop-
ment, and low-income assistance policies to be followed in connection with the
issuance of such bonds:
WHEREAS, in the case of an issuer of qualified mortgage bonds that issues such
bonds on behalf of two or more governmental units (a "Multi-Jurisdictional
Issuer"), a single Report may be filed if such report is signed by the appli-
cable elected representative of each governmental unit on whose behalf obliga-
tions have been issued during any preceding calendar year; and
WHEREAS, in the case of aMulti-Jurisdictional Issuer, each governmental unit on
whose behalf qualified mortgage bonds were issued during the preceding calendar
year and each governmental unit on whose behalf the issuer expects to issue
qualified mortgage bonds during the succeeding calendar year must hold a public
hearing prior to publication of the Report, except that aMulti-Jurisdictional
Issuer may hold a combined public hearing as long as the combined public hearing
• is a joint undertaking that permits all residents of the participating governmen-
tal units a reasonable opportunity to be heard; and
WHEREAS, the Dakota County Housing and Redevelopment Authority has prepared the
attached "Policy Report Under Section 103A."
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Lakeville
(the "City"), Minnesota, as follows:
1. That the attached "Policy Report Under Section 103A" is hereby approved in
substantially the form attached hereto, with the addition of a Summary of
Comments received at the public hearing referred to below, and the Mayor of
the City is hereby authorized and directed to sign such report; and
2. That the City hereby authorizes and approves the holding by the Dakota
County Board of Commissioners of the public hearing on such Policy Report
under Section 103A.
Adopted this 13th day of March 19 5.
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