HomeMy WebLinkAboutCity Council Resolution 1983-143waw
aQugcilmemW. Moen introduced the :.11owinq Resolution and moved its
on:
RESOLUTION NO. 83-143
RESOLUTION RELATING TO THE ISSUANCE OF REVENUE FONDS PURSUANT TO CHAPTER 452C,
MINNESOTA STATUTES; CALLING FOR A PUBLIC HEARING ON A HOUSING PROGRAM
BE IT RESOLVED by the City Council of the City of Plymouth, Minnesota (the City), as
follows:
Section 1. Recitals,
1.01 By the provisions of Minnesota Statutes, Chapter 462C, as amended (the
Act), the City is authorized to plan, administer, issue and sell revenue bonds or
obligations to make or purchase loans to finance one or more multifamily housing
developments within Its boundaries which revenue bonds or'obligations shall be pay-
able solely from the revenues of the development and other sources pledged to the
payment thereof.
1.02 The City has caused to be prepared a proposed program for a multifamily
development (the Program) which as been placed on file with and is available for
public inspection at, the office of the City Clerk.
1.03 The Act provides that the City hold a public hearing on the Program prior
to Its adoption, which hearing is to be held after notice published at least five
days prior to the date set for the hearing.
Section 2. Public Hearing.
2.01 A public hearing on the Program is hereby called and shall be held on April
11, 1983 at 7:30 o'clock P.M. at the City Hall.
2.02 The City Clerk is hereby authorized to cause notice of the public hearing
to be published in a newspaper circulating generally in the City, at least fifteen
days before the hearing in substantially the following form:
NOTICE OF PUBLIC HEARING
NOTICE IS HEREBY GIVEN by the City Council of the City of Plymouth, Minnesota
(the City), that it will hold a public hearing at the City Offices of the City of
Plymouth, Minnesota, on the 11th day of April, 1983, at 7:30 p.m. to consider a
proposal program for a multifamily development (the Program) to be financed by
the issuance of revenue bonds or notes of the City pursuant to Minnesota
Statutes, Chapter 462C (the Minnesota Housing Bond Act).
W
The Program describes a development, to be known as Mission Multifamily Pro-
ject,
9 Pm . �+ Y r
ject, which will consist generally of approximately 200 rental housing units,
parking and related faeilitias located on the 3-1 portlbn2 of the.NtissioO RIM in,
the City. The bonds or obligations issued to finance the development willbre
payable solely from the revenues pledged to the payment thereof and shall not
constitute a debt of the City. The Program describes the need for the develop-
ment and the method of financing proposed and states that the development is to
be constructed pursuant to Section 462C.05, Subdivision 1 and 2, of the Municipal
Housing Bond Act.
A copy of the Program is on file and available for inspection in the office
of the City Manager at the City Offices.
Dated at Plymouth, Minnesota, this 21st day of March, 1983.
BY ORDER OF THE CITY COUNCIL
Laurie Houk
City Clerk
March 21, 1983
The motion for adoption of the foregoing Resolution was duly seconded by
cguncilmembgr Th ei nen, and 4ton vote being taken thereon, "the
o ow ng votedavor t n rt Councilmembers Moen, Neils,
Cehnoidar and Threinen
Whereupon the liesolution was declared