HomeMy WebLinkAboutCity Council Resolution 2003-040CERTIFICATE AS TO RESOLUTION AND ADOPTING VOTE
I, the undersigned, being the duly qualified and acting City Clerk of the City of
Plymouth, Minnesota (the "City"), hereby certify that the attached resolution is a true
copy of Resolution No. 2003-040, entitled: "RESOLUTION APPROVING THE
ISSUANCE OF A HOUSING FACILITIES REVENUE NOTE PURSUANT TO
MINNESOTA STATUTES, CHAPTER 462C, AS AMENDED, AT THE REQUEST OF
CORNERSTONE ASSISTED LIVING OF PLYMOUTH, INC., BY THE HOUSING
AND REDEVELOPMENT AUTHORITY OF PLYMOUTH, MINNESOTA" (the
"Resolution"), on file in the original records of the City in my legal custody; that the
Resolution was duly adopted by the City Council of the City at a meeting on January 28,
2003, and that the meeting was duly held by the City Council and was attended
throughout by a quorum; and that the Resolution has not as of the date hereof been
amended or repealed.
I further certify that upon vote being taken on the Resolution at said meeting, the
following Councilmembers voted in favor thereof: Mayor Johnson, Councilmembers
Neset, Hewitt, Slavik, Bildsoe, and Stein
and the following voted against the same: None
and the following abstained from voting thereon or were absent: Councilmember Black
WITNESS my hand officially this day of January, 2003.
City Clerk
RESOLUTION NO. 2003-040
RESOLUTION APPROVING THE ISSUANCE OF A HOUSING
FACILITIES REVENUE NOTE PURSUANT TO MINNESOTA
STATUTES, CHAPTER 462C, AS AMENDED, AT THE
REQUEST OF CORNERSTONE ASSISTED LIVING OF
PLYMOUTH, INC., BY THE HOUSING AND
REDEVELOPMENT AUTHORITY OF PLYMOUTH,
MINNESOTA
BE IT RESOLVED by the City Council of the City of Plymouth, Minnesota (the "City"),
as follows:
Section 1. Recitals. At a public hearing held on January 16, 2003 on the proposal that
the Housing and Redevelopment Authority of Plymouth, Minnesota (the "Authority") issue its
revenue note (the "Note") to finance the construction and equipping of an 84 -unit elderly assisted
living facility to be owned and operated by the Borrower and located within the jurisdictional
boundaries of the Issuer (herein referred to as the "Project"), 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 City Clerk
before the date of the hearing.
Section 2. Authorization and Approval. Solely for purposes of Section 147(f) of the
Internal Revenue Code of 1986, as amended, the City Council hereby approves the issuance of
the Note by the Authority to finance the Project. The City Council authorizes the Mayor of the
City to execute a certificate evidencing such approval of the issuance of the Bonds.
Notwithstanding the foregoing, however, the adoption of this resolution shall not be deemed to
establish any obligation on the part of the City or this Council to cause the issuance of the Bonds.
Section 3. Absence of Officers. In the absence or disability of the Mayor, any of the
documents authorized by this resolution to be approved and executed by the Mayor may be so
approved and executed by the acting Mayor.
Adopted on January 28, 2003 by the Plymouth City Council.