HomeMy WebLinkAboutResolution No. 601-08 Tt
• EXTRACT OF MINUTES OF A MEETING OF THE
COMMON COUNCIL OF THE CITY OF
ROCHESTER, MINNESOTA
Pursuant to due call and notice thereof, a regular or special meeting of the Common
Council of the City of Rochester, Minnesota, was duly held in the Council/Board Chambers in
the Government Center on Monday, December 15, 2008, commencing at 7:00 P.M., C.T.
The following Councilmembers were present: President Dennis Hanson,
Councilmembers Pat Carr, Ed Hruska, Marcia Marcoux, Sandra Means, Bob Nowicki ,
Bruce Snyder
and the following were absent: None
During said meeting President Hanson introduced the
following Resolution, the written presentation and reading of which were waived by unanimous
consent of the Council, and moved its adoption:
RESOLUTION NO. lo0/-OS
RESOLUTION GIVING HOST APPROVAL TO THE
• ISSUANCE OF HEALTH CARE FACILITIES REVENUE OBLIGATIONS
UNDER MINNESOTA STATUTES, CHAPTER 469
FOR A PROJECT BY GIFT OF LIFE, INC.
LOCATED IN THE CITY OF ROCHESTER, MINNESOTA
WHEREAS, Gift of Life, Inc., a Minnesota non-profit corporation (the "Borrower"), has
proposed that the City of Dodge Center, Minnesota finance a Project (as defined below) located
in the City of Rochester, Minnesota(the "City"); and
WHEREAS, the City has been advised that a public hearing and Council approval of
financing the Project with the obligations to be issued by the City of Dodge Center, Minnesota
are required under Section 147(f) of the Internal Revenue Code because the Project is located in
the City; and
WHEREAS, the City conducted the public hearing on this same date at which hearing all
persons who appeared were given an opportunity to express their views with respect to the
Project:
NOW, THEREFORE, BE IT RESOLVED by the Common Council (the "Council") of
the City of Rochester, Minnesota(the"City"), as follows:
1. Project. The Borrower has advised the City that the Project consists of the
construction and equipping of an approximately 46,567 square foot facility known as the Gift of
Life Transplant House to provide, among other things, 36 new short term residential units for
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• organ transplant patients and family members, to be located at the 700 block of 2nd Street SW in
the City(the"Project").
2. Host Approval. The City hereby gives the host approval of the Project for
purposes of Section 147(f) of the Internal Revenue Code and Minnesota Statutes, Section
471.656 to the issuance of the obligations for the Project by the City of Dodge Center,
Minnesota.
3. Limited Liability. In no event shall the obligations ever be payable from
or charged upon any funds of the City; the City is not subject to any liability thereon; no owners
of the obligations shall ever have the right to compel the exercise of the taxing power of the City
to pay any of the obligations or the interest thereon, nor to enforce payment thereof against any
property of the City; the obligations shall not constitute a charge, lien or encumbrance, legal or
equitable, upon any property of the City; and the obligations do not constitute an indebtedness of
the City within the meaning of any constitutional, statutory,or charter limitation.
•
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PASSED AND ADOPTED BY THE COMMON COUNCIL OF THE CITY OF
ROCHESTER, MINNESOTA, THIS 15TH DAY OF DECE BER, 2008.
PRESIDENT OF SAID COMMON
COUNCIL
ATTEST:
CITY CLEMK-
Approved this 15th day of December, 2008.
(Seal of the City of
Rochester, Minnesota) MAYOR OF SAID CITY
Councilmember Snyder moved the adoption of the foregoing
resolution, which motion was duly seconded by Councilmember Nowicki ,
and upon vote being taken thereon,the following Councilmembers voted in favor thereof:
President Dennis Hanson, Councilmembers Pat Carr, Ed Hruska, Marcia Marcoux,
Sandra Means, Bob Nowicki ; Bruce Snyder
and the following Councilmembers voted against the same:
None
whereupon said resolution was declared duly passed on adopted.
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