95-43 A CITY OF CHANHASSEN
CARVER AND HENNEPIN COUNTIES, MINNESOTA
RESOLUTION NO: 95-43A
MOTION BY: Mason
SECONDED BY: Dockendorf
A RESOLUTION ESTABLISHING THE DATE FOR A PUBLIC HEARING
REGARDING THE ISSUANCE BY THE CARVER COUNTY HOUSING AND
REDEVELOPMENT AUTHORITY OF ITS HOUSING DEVELOPMENT REVENUE
BONDS (CITY OF CHANHASSEN GENERAL OBLIGATION), SERIES 1995 IN AN
AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED $4,131,542
WHEREAS, Minnesota Statutes, Section 469.034, subd. 2 (the "Act") authorizes
housing and redevelopment authorities to issue bonds to finance qua#fled housing
development projects and provides that such bonds may be secured by a pledge of the
general obligation of the general jurisdiction governmental unit in which the housing is
located; and
WHEREAS, the Act requires that the principal amount of such bonds be approved
by governing bodies of both the Housing and Redevelopment Authority and the general
jurisdiction governmental unit following pub#c hearings; and
WHEREAS, pursuant to Minnesota Statutes, Section 471.59m the Housing and
Redevelopment Authority in and for the City of Chanhassen (the "City HRA") proposes
to enter into a joint powers agreement with the Carver County Housing and
Redevelopment Authority (the "Authority") pursuant to which the City Authority and the
Authority will exercise their joint powers to develop a housing development project within
the City of Chanhassen (the "City"); and
WHEREAS, pursuant to such joint powers agreement, it is intended that the
Authority issue its housing development revenue bonds (the "Bonds") to finance the
acquisition and construction of a 70-unit senior housing development project (the
"Project") located in the City, and that such bonds be secured by a pledge of the full faith
and credit of the City; and
WHEREAS, the Act requires that the public hearings regarding the issuance of the
Bonds be held at least 15 days, but not more than 120 days, before the sale of the
Bonds;
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Chanhassen that:
.
The City will conduct a public hearing on April 24, 1995 at 7:30 p.m. at its
offices at 690 Coulter Drive, Chanhassen, Minnesota, regarding the
issuance by the Authority of the Bonds in an aggregate principal amount not
to exceed $4, 131,542 to finance the Project.
.
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.
Passed and adopted by the Chanhassen City Council this lOth day of April, 1995.
ATTEST:
Don Ashworth, City 'C~rk/Manager
b~nald J. C,~~,l;'"J~ayor
YES NO
ABSENT
Chmiel
Berquist
Senn
Dockendorf
Mason
None
None