HomeMy WebLinkAboutCity Council Resolution 1983-145were
CQUncilmember Neils introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 83-145
RESOLUTION RELATING TO THE ISSUANCE OF
REVENUE BONDS PURSUANT TO CHAPTER 462C
MINNESOTA STATUTES; ADOPTING A HOUSING PLAN
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
payable solely from the revenues of the development.
1.02 The Act provides that, prior to Issuing revenue bonds or obligations to finance
a multifamily housing development, the City must develop a housing plan and, after
holding a public hearing thereon after notice published at least thirty days prior
thereto, submit the housing plan for review to the Metropolitan Council.
1.03 The City has caused to be prepared the housing plan required by the Act, which
housing plan has been designated The Plymouth Housing Plan (the Housinq Plan). A
public hearing was held on the Housing Plan on April 11, 1983; notice of said public
hearing was published in the New Hope -Plymouth Post, a newspaper of general
circulation in the City, on March 3, 1983;
Section 2. Approvals and Authorization.
2.01 The Housing Plan is hereby adopted by the City pursuant to Section 462C.01 of
the Act.
2.02 The Mayor, City Clerk and other officers and employees of the City are hereby
authorized to submit the Housing Plan to the Minnesota Housing Finance Agency for
review and approval pursuant to Subdivision 2 of Section 462C.04 of the Act. They
are also hereby required to submit the Housing Plan to the Metropolitan Council for
review and approval pursuant to Subdivision 1 of Section 462C.04 of the Act.
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145
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.Passed and adopted by the City Council of the City of Plymouth this 11th day of
April, 1983.
Attest:
City Clerk
Mayor
The notion for adoption of the foregoing Resolution was duly seconded by
i , and upon vote being taken t eereo the
following voted in favor thereof: Mayor Davenport, Councilmembers Moen, Neils
Ihe followIng voted against or abstained: none x
Whereupon the Resolution was declared duly pass .