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CITY OF LAKEVILLE, MINNESOTA
RESOLUTION
06-162
RESOLUTION APPROVING THE ISSUANCE OF LEASE REVENUE
BONDS UNDER MINNESOTA STATUTES, CHAPTERS 465, 469, 471
AND 475 BY THE HOUSING AND REDEVELOPMENT AUTHORITY OF
THE CITY OF LAKEVILLE, MINNESOTA
BE IT RESOLVED by the City Council of the City of Lakeville, Minnesota (the City), as
follows:
Section 1. Recitals. Pursuant to notice duly published in accordance with Section 147(f)
of the Internal Revenue Code of 1986, as amended (the Code), public hearing was held on
October 2, 2006, on (a) the proposal that .the Housing and Redevelopment Authority of the City
of Lakeville, Minnesota (the Authority) issue its revenue bonds, in one or more series, (the
Bonds) to finance a portion or all of the costs of construction of the third. sheet ice arena project
(the Project) on behalf of qualified 501(c}(3) organizations including the Lakeville Hockey
Association, other hockey and figure skating associations, the general public, the City, and
Independent School District No. 194, consisting of (i) the financing of costs of the acquisition of
the third sheet ice arena facility located at 8525 215th Street in the City of Lakeville, Minnesota
(the Facility) and (ii) the financing of certain costs of issuance of the Bonds. The Project will be
initially owned by the Authority and leased to the City of Lakeville pursuant to alease-purchase
agreement, and subleased to Lakeville Arenas, a Minnesota joint powers entity, for operation
pursuant to a sublease agreement. All parties who appeared at the hearing were given an
opportunity to express their views with respect to such proposal. and interested persons were
given the opportunity to submit written comments to the Secretary of the Authority before the
date of the hearing.
Section 2. Authorization and Approval. Solely for purposes of Section 147(f) of the
Code, the City hereby approves the issuance of the Bonds by the Authority to finance the Project..
Notwithstanding the foregoing, however, the adoption of this resolution shall not be deemed to
establish any obligation on the part of the Authority, the City or this Council to cause the
issuance of the Bonds. The Bonds, if issued, shall not constitute a charge, lien or encumbrance,
legal or equitable, upon any property of the City or the Authority.
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• APPROVED AND ADOPTED this 16th day of October, 2006.
CITY OF LAKEVILLE,
By: ~ N`
Robert D. johns ,Mayor
ATTE T:
Charlene Friedges, Cit Jerk
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