HomeMy WebLinkAboutCity Council Resolution 2010-256CERTIFICATION OF MINUTES RELATING TO
REVENUE BONDS, SERIES 2010
(INTERFAITH OUTREACH AND COMMUNITY PARTNERS PROJECT)
Issuer: City of Plymouth, Minnesota
Governing body: City Council
Kind, date, time and place of meeting: A regular meeting held on September 14, 2010, at
7:00 p.m. at the Plymouth City Center, 3400 Plymouth Boulevard, Plymouth, Minnesota.
Members present: Mayor Slavik, Councilmembers Johnson, Murdock, Stein, Black, Willis,
and Bildsoe.
Members absent: None
Documents attached:
Minutes of said meeting (pages):
RESOLUTION NO. 2010-256
RESOLUTION RELATING TO A PROJECT ON BEHALF OF
INTERFAITH OUTREACH AND COMMUNITY PARTNERS
AND ITS FINANCING UNDER MINNESOTA STATUTES,
SECTIONS 469.152 TO 469.165; CALLING FOR A PUBLIC
HEARING THEREON
I, the undersigned, being the duly qualified and acting recording officer of the public
corporation issuing the obligations referred to in the title of this certificate, certify that the
documents attached hereto, as described above, have been carefiilly compared with the original
records of the corporation in my legal custody, from which they have been transcribed; that the
documents are a correct and complete transcript of the minutes of a meeting of the governing
body of the corporation, and correct and complete copies of all resolutions and other actions
taken and of all documents approved by the governing body at the meeting, insofar as they relate
to the obligations; and that the meeting was duly held by the governing body at the time and
place and was attended throughout by the members indicated above, pursuant to call and notice
of such meeting given as required by law.
WITNESS my hand officially as such recording officer on September 14, 2010.
City Clerk
RESOLUTION NO. 2010-256
RESOLUTION RELATING TO A PROJECT ON BEHALF OF
INTERFAITH OUTREACH AND COMMUNITY PARTNERS
AND ITS FINANCING UNDER MINNESOTA STATUTES,
SECTIONS 469.152 TO 469.165; CALLING FOR A PUBLIC
HEARING THEREON
BE IT RESOLVED by the City Council of the City of Plymouth, Minnesota (the "City"),
as follows:
SECTION 1
Recitals
I.I. Pursuant to the authority granted by Minnesota Statutes, Sections 469.152
through 469.165, the City is authorized to issue revenue bonds in anticipation of the collection of
revenues of a project to finance the cost of acquisition, constriction, reconstruction,
improvement, or extension thereof. The City proposes to issue its revenue bonds (the "Bonds")
in an amount not to exceed $2,250,000 for the purpose of financing a portion or all of the cost of
a proposed project (the "Project') on behalf of Interfaith Outreach and Community Partners, an
organization described in Section 501(c)(3) of the Internal Revenue Code and nonprofit
corporation of the state of Minnesota (the "Corporation"), consisting of (i) the acquisition,
renovation and equipping of an approximately 40,000 square foot building located at 1605
County Road 101 North in the City; and (ii) financing certain costs of issuance of the Bonds.
The Project will be owned and operated by the Corporation.
SECTION 2
Public Hearing
2.1. Pursuant to Minnesota Statutes, Section 469.154, subdivision 4, and in
compliance with Section 147(f) of the Internal Revenue Code of 1986, as amended, this Council
is required to conduct a public hearing on the Project and the financing thereof. A public hearing
on the proposal to finance the Project and to issue the Bonds is hereby called and shall be held on
September 28, 2010, at 7:00 p.m., at the City offices, 3400 Plymouth Boulevard, Plymouth, MN,
55447.
2.2. The City Clerk shall cause notice of the public hearing to be published in the
official newspaper of the City at least once not fewer than fourteen (14) nor more than thirty (30)
days prior to the date fixed for the public hearing.
2.3. A draft copy of the proposed Application to the Minnesota Department of
Employment and Economic Development, together with draft copies of all attachments and
exhibits thereto, is on file with the City Manager and available for public inspection during
business hours on normal business days.
SECTION 3
Preliminary Approval
3.1. The City hereby gives preliminary approval to the issuance of the Bonds and
the Project.
Upon vote being taken thereon, the following Councilmembers voted in favor: All members
voted in favor.
and the following voted against the same:
whereupon the resolution was declared passed and adopted.
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