HomeMy WebLinkAbout85-017 CERTIFICATION OF MINUTES RELATING TO
• $11,160,000 HOUSING DEVELOPMENT REVENUE BOPIDS
Issuer: City of Lakeville, Minnesota
Governing Body.: City Council
Kind, date, time and place of meeting: A regular meeting held
on Tuesday, February 19, 1985, at 7.Op P.M. at the council chambers
in Airlake Industrial Park.
Members present : Nelson, Sindt, Enright, Harvey
Members absent : Mayor Zaun
Documents Attached;
Minutes of said meeting (pages):
RESOLUTION NO. 85-17
RESOLUTION RELATING TO A MULTI-FAMILY
HOUSING DEVELOPMENT PROJECT; CALLING FOR
A PUBLIC HEARING THEREON
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I, the undersigned, being the duly qualified and acting
.recording officer of the public .corporation. issuing the bonds
referred to in the title of this certificate, certify .that the
documents attached hereto, as decribed above, have been carefully
compared with the original records of said corporation in my
legal custody, from which they have been transcribed; that said
documents are a correct and complete transcript of the minutes
of a meeting of the governing body of said corporation, and
correct and complete copies of all resolutions and other actions
taken and of all documents approved by the governing body at
said meeting, so far as they relate to said bonds; and that
said meeting was duly held by the governing body at the time
.and place and was attended throughout by the members indicated
above, pursuant to call and notice of such meeting given as
required by law.
WITNESS my hand officially as suc -recording of ~1cer
this 19th day of February, 1985. i
Patrick McGarvey
City Clerk-Administrator
(SEAL)
. RESOLUTION NO. 85-17
RESOLUTION RELATING TO A MULTI-FAMILY
HOUSING DEVELOPMENT PROJECT; CALLING FOR
A PUBLIC HEARING THEREON
BE IT RESOLVED by the City Council of the City of
Lakeville, Minnesota (hereinafter, the Municipality), as follows:
Section 1. Recitals.
1.01. James H. Sorenson, a general partner of a
Minnesota partnership to be formed (hereinafter, the Borrower),
has advised this Council of the Borrower's desire to acquire
land and construct a multi-family rental housing facility in
the Municipality.
1.02. Subject to compliance with the provisions of
Minnesota Statutes, Chapter 462C (the Act), the Municipality..
is authorized to issue its revenue bonds or notes to finance
housing projects such as proposed by the Borrower. The Borrower
has requested that the Municipality issue its revenue bonds
or notes in an amount not exceeding $11,160,00.0 to finance a
portion or all of the cost of .the Project.
Section 2. Public Hearing.
2.01. This Council shall conduct a public hearing
on the proposal to undertake and finance the Project on
March 18, 1985, at 7:00 P.M., at the Council Chambers in
Airlake Industrial Park.
2.02. The City Clerk shall cause notice of the public
hearing to be published in the official newspaper of the
Municipality at least once. not less than fifteen (15) days prior
to the date fixed for the hearing, such notice to be in
substantially the following form:.
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t
• Adopted this 19th day of Feb ary, 1985.
Ma
Attest : ~ ~'t-t-~
City Clerk-Administrator
The motion for the adoption of the foregoing resolution
was duly made by Member Harvey and seconded by Member
Nelson and upon vote being taken thereon, the
following voted in favor .thereof : Nelson, Sindt, Enright, Harvey
and the following voted against the same: None
whereupon the resolution was declared duly passed and adopted.
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