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HomeMy WebLinkAboutCity Council Resolution 2011-328CERTIFICATION OF MINUTES Municipality: The City of Plymouth, Minnesota Governing Body: City Council Meeting: A meeting of the City Council of The City of Plymouth was held on the 27th day of September, 2011, at 7:00 p.m. at Plymouth City Center, 3400 Plymouth Boulevard, Plymouth, Minnesota. Members present: Mayor Slavik, Councilmembers Johnson, Murdock, Stein, Black, Bildsoe, and Willis Members absent: None Documents: Resolution No. 2011-328 - Calling for a Public Hearing on a Proposal for Financing a Health Care Facilities Project Pursuant to Minnesota Statutes, Sections 469.152-1651, and Authorizing the Publication of a Notice of the Hearing (Hazelden Foundation Proj ect) Certification: I, Sandy Engdahl, City Clerk of the City of Plymouth, Minnesota, do hereby certify the following: Attached hereto is a true and correct copy of a resolution on file and of record in the offices of the City of Plymouth, Minnesota, which resolution was adopted by the Plymouth City Council at the meeting referred to above. Said meeting was a regular meeting of the Plymouth City Council, was open to the public, and was held at the time at which meetings of the City Council are regularly held. Member Willis moved the adoption of the attached resolution. The motion for adoption of the attached resolution was seconded by Member Johnson. A vote being taken on the motion, the following voted in favor of the resolution: Slavik, Johnson, Murdock, Stein, Black, Bildsoe, Willis and the following voted against the resolution: None Whereupon said resolution was declared duly passed and adopted. The attached resolution is in full force and effect, and no action has been taken by the City Council of the City of Plymouth, Minnesota which would in any way alter or amend the attached resolution. Witness my hand officially as the City Clerk of the City of Plymouth, Minnesota this 27th day of September, 2011. City Clerk 4223207x1 RESOLUTION CALLING FOR A PUBLIC HEARING ON A PROPOSAL FOR FINANCING FOR A HEALTH CARE FACILITIES PROJECT PURSUANT TO MINNESOTA STATUTES, SECTIONS 469.152-1651, AND AUTHORIZING THE PUBLICATION OF A NOTICE OF THE HEARING (HAZELDEN FOUNDATION PROJECT) (a) WHEREAS, Minnesota Statutes, Sections 469.152-1651 relating to municipal industrial development (the "Act") confers upon cities the power to issue revenue bonds and other obligations for the purpose of encouragement and development of economically sound industry and commerce to prevent so far as possible the emergence of blighted and marginal lands and areas of chronic unemployment outside their municipal boundaries under Minnesota Statutes, 471.656, subdivision 2(2), with the consent of the city in which a project is located; and (b) WHEREAS, the City Council of the City of Plymouth, Minnesota (the "City"), has received from the Hazelden Foundation, a Minnesota nonprofit corporation (the 'Borrower"), a proposal that the City of Center City, Minnesota issue tax exempt revenue bonds or other obligations (the 'Bonds") pursuant to the Act, to finance certain health care facilities which will be located in the City; and (c) WHEREAS, because the health care facilities to be financed by the Bonds are located in the City, before proceeding with consideration of the request of the Borrower, it is necessary for the City to hold a public hearing on the proposal pursuant to Section 147(f) of the Internal Revenue Code of 1986, as amended; NOW THEREFORE, BE IT RESOLVED by the City Council of the City as follows: I. A public hearing on the proposal of the Borrower will be held at the time and place set forth in the Notice of Public Hearing hereto attached. 2. The general nature of the proposal and an estimate of the principal amount of Bonds to be issued to finance the proposal are described in the attached form of Notice of Public Hearing. 3. Drafts of documents related to the Bonds are on file in the office of the City Clerk. 4. The City staff is hereby authorized and directed to cause notice of the hearing to be given one publication in the official newspaper of the City and also in a newspaper of general circulation available in the City, not less than 14 days nor more than 30 days prior to the date fixed for the hearing, substantially in the form of the attached Notice of Public Hearing. 4223207x1 NOTICE OF PUBLIC HEARING ON A PROPOSAL FOR ISSUANCE OF FINANCING OF HEALTH CARE FACILITIES (HAZELDEN FOUNDATION PROJECT) Notice is hereby given that a public hearing shall be conducted by the City Council of the City of Plymouth, Minnesota (the "City") on Tuesday, October 11, 2011, at 7:00 p.m. at the City Hall at 3400 Plymouth Boulevard, Plymouth, MN 55447 to consider the proposal of the Hazelden Foundation, a Minnesota nonprofit corporation ("Borrower") that the City consent to the financing by the City of Center City, Minnesota (the "Issuer") of the constriction and equipping of one approximately 50,000 sq. ft. addition to the Borrower's existing adolescent substance abuse treatment facility located at 11505 36t1' Avenue North in the City including 32 new beds and expansion or creation of other treatment facilities (the "Project"). The Project will be financed in part through the issuance by the Issuer of approximately $22,000,000 of tax exempt revenue bonds or other obligations (the "Bonds") pursuant to Minnesota Statutes Section 469.152-1651, as amended. The Project will be owned by the Borrower. The Bonds, if and when issued, will not constitute a charge, lien or encumbrance upon any property of the City or the Issuer, and such Bonds will not be a charge against the City's or the Issuer's general credit or taxing powers, but will be payable from sums to be paid by the Borrower, pursuant to a revenue agreement. A draft copy of the proposal and associated materials is available for public inspection during regular business hours at the City offices. At the time and place fixed for the public hearing, the City will give all persons who appear at the hearing an opportunity to express their views with respect to the proposal. In addition, interested persons may file written comments respecting the proposal with the City Clerk at or prior to the public hearing. By Sandra R. Engdahl City Clerk 4223207x1