HomeMy WebLinkAbout7063 - ADMIN Resolution - City Council - 1982/02/01f
RESOLUTION No. 7063
RESOLUTION ESTABLISHING -THE DATE FOR A PUBLIC
HEARING ON PROPOSED MULTIFAMILY HOUSING DEVELOPMENTS TO BE
UNDERTAKEN AND FINANCED PURSUANT TO MINNESOTA
STATUTES, CHAPTER 462C, AND AUTHORIZING
PUBLICATION OF NOTICE THEREFOR
WHEREAS, Minnesota,Statutes, Chapter 462C, author_i<zes a city to plan,
administer and make or purchase a loan or loans to' finance one or more
multifamily housing de 4lbopments after adoption of multifamily housing
development programs; and
WHEREAS, the multifamily housing development programs must be
considered at a public hearing held after notice published at least 30
days prior to the date of said hearing after which the, multifamily
housing development programs may be adopted by resolution of the governing
body of the city with or without anendni(ent;
NOW, THEREFORE; BE IT RESOLVED THAT:
1. The,City Council of the City of St. Louis Park (the "City") will
conduct a public hearing on the proposed multifamily housing development
programs on the 15th day of March, 1982 at 7:30 p.m. at City Hall, 5005
Minnetonka Boulevard, St. Louis Park, Minnesota.
2. The City Clerk of the City is hereby authorized to cause a
public notice, substantially in the form of the notice attached hereto
as Exhibit.A, to be published once in a newspaper of general circulation
in the City at least 30 days prior to the date established for the public
hearing by the preceding paragraph of this resolution.
Adopted by the City Council February 1, 1982
Attest:
ty C erkC;;11414-11/
Reviewed for administration:
C
t ayor
Approved as to form and legality,:
EXHIBIT A
NOTICE OF PUBLIC HEARING ON A PROPOSAL TO
UNDERTAKE AND FINANCE ONE OR MORE
MULTIFAMILY HOUSING . DEVELOPMENT PROJECTS
UNDER MINNESOTA STATUTES, CHAPTER 462C, AS
AMENDED
THE CITY OF ST. LOUIS PARK, MINNESOTA
NOTICE IS HEREBY GIVEN that the City Council of the City of St. Louis
Park, Minnesota (the "City"), will meet on March 15 , 1982, at 7:30 p.m. at
the City offices in St. Louis Park, Minnesota, for the purpose of conducting a
public hearing on a proposal that the City sell one or more issues of revenue bonds
under Minnesota Statutes, Chapter 462C, as amended, in order to finance the cost
of one or more multifamily housing development projects (the "Projects"). The
proposed Projects will consist of the acquisition of land, the construction of a
building or buildings thereon and the installation of equipment in connection
therewith for use as residential rental apartment buildings., The bonds shall be
limited obligations of the City and the bonds and interest thereon shall be payable
solely from the revenues pledged to the payment thereof, except that such bonds
may be secured by a mortgage and other encumbrance on the project. No holder of
any such bonds shall ever have the right to compel any exercise of the taxing power
of the City of St. Louis Park to pay the bonds, or the interest thereon, nor to
enforce payment against any property of the City except the Project.
All persons interested may appear and be heard at the time and place set
forth above.
(Published in the St. Louis Park
Sun February 10, 1982)
BY ORDER OF THE CITY COUNCIL
OF THE CITY OF ST. LOUIS PARK
By /8/ Earl E. Hanson
City Clerk