HomeMy WebLinkAbout86-41 - ADMIN Resolution - City Council - 1986/04/071
CITY OF ST. LOUIS PARK
RESOLUTION NO. 86-41
ESTABLISHING A DATE FOR A PUBLIC HEARING ON A HOUSING
PROGRAM PURSUANT TO MINNESOTA STATUTES, CHAPTER
462C.
WHEREAS, the City of St. Louis Park (the "City"), by Resolution No. 7345,
adopted on March 7, 1983, and again by Resolution No. 85-234 , adopted on
December 16 , 1985 has given preliminary approval to the issuance of housing
revenue bonds, pursuant to Minnesota Statutes, Chapter 462C for a multifamily
housing development located in an area bounded by Highway 7, Pennsylvania
Avenue and Walker Street in the City (the "Project") to be developed by a limited
partnership in which Dominium Group, Jack Safar and David Brierton (the
"Developer") will be general partners; and
WHEREAS, because the Developer has proposed an increase in the amount
of housing revenue bonds to be issued by the City to finance the Project to
$10,800,000, it is necessary to amend the housing program adopted with respect to
the Project and to resubmit such program to the Minnesota Housing Finance
Agency.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF ST. LOUIS PARK:
1.
hearing April
21
The City Council of the City of St. Louis Park will conduct a public
the proposed amended housing program for the Project on
, 1986 at 7:30 p.m.
2. The City Manager 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 fifteen
(15) days prior to the date established for the public hearing by the preceding
paragraph of this resolution.
3. The City Manager is hereby authorized to submit the amended
housing bond program relating to the Project, to the Metropolitan Council on or
before the date the notice of public hearing is published.
Adopted by the City Council April 7, 1986
Reviewed for administration:
Approved as to form and legality:
y Manager
Ci ty Attorney