HomeMy WebLinkAbout86-141 - ADMIN Resolution - City Council - 1986/08/08CITY OF ST. LOUIS PARK, MINNF,ISA
RESOLUTION NO. 6 1 44
Authorizing certain amendments to the Indenture of
Trust for the City of St. Louis Park, Minnesota,
$11,000,000 Multifamily Rental Housing Revenue Bonds
(Community Housing and Service Corporation. Project),
Series 1985.
WHEREAS, the City of St. Louis Park (the "City") has issued its $11,000,000
Multifamily Rental Housing Revenue Bonds (Community Housing and Service
Corporation Project), Series 1985, dated December 26, 1985 (the "Bonds"); and
WHEREAS, the Bonds were issued purusant to an Indenture of Trust (the
"Indenture"), dated as of December 1, 1985, between the City and Norwest Bank
Minneapolis, N.A., as Trustee (the "Trustee"); and
WHEREAS, the Trustee and the City desire to amend the Indenture to correct
certain typographical errors contained therein by the execution of a Supplement
Number One to the Indenture of Trust, dated as of August 1, 1986, between the
City and the Trustee;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF ST. LOUIS PARK, MINNESOTA:
Section 1. The City Council of the City hereby authorizes and directs the
Mayor of the City (the "Mayor"), the City Manager (the "City Manager") and the
City Clerk (the "City Clerk") to execute, on behalf of and under the corporate seal
of the City, the -Supplement Number One to the Indenture of Trust. The
Supplement Number One to the Indenture of Trust shall be substantially -in the -form
on file with the City on the date hereof, and is hereby approved.
Section 2. If for any reason the Mayor, the City Manager or the City Clerk
are unable to execute and deliver the Supplement Number One to the Indenture of
Trust, any other member or members of the City Council of the City may execute
and deliver such document with the same force and effect as if such document was
executed by the Mayor, City Manager and City Clerk.
Section 3. This resolution shall be -in full -force and effect from and after its
passage.
Adopted by the City Council August 18, 1986.
Attest:
Reviewed for administration:
":4A'ICYlr-
City Manager
Approved as to form and legality:
•
City Attorney