HomeMy WebLinkAboutResolution No. 038-03 i
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EXTRACT OF MINUTES OF A MEETING OF THE
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• 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 Wednesday, January 22, 2003, commencing at 7:00 P.M.
The following Councilmembers were present: Presi dent John Hunzi ker,
Councilmembers David Benda, Marcia Marcoux, Jean McConnell , Bob Nowicki ,
Walter Stobaugh
and the following were absent: Counci lmember Dennis Hanson
During said meeting Counci lmember McConnell 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.
RESOLUTION CALLING FOR A PUBLIC HEARING ON THE
ISSUANCE OF HEALTH FACILITIES REVENUE OBLIGATIONS
• UNDER MINNESOTA STATUTES, CHAPTER 469
FOR A PROJECT LOCATED IN THE CITY OF ROCHESTER,MINNESOTA
BY CENTRAL MINNESOTA SENIOR HOUSING, LLC
WHEREAS, Central Minnesota Senior Housing, LLC, a Minnesota limited liability
company (the 'Borrower"), which has represented that its sole member is Wedum Foundation, a
Minnesota nonprofit corporation and 501(c)(3) organization, has, proposed that the City of
Buffalo, 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 Buffalo, Minnesota are
required under Section 147(f) of the Internal Revenue Code because the Project is located in the
City;
NOW, THEREFORE, BE IT RESOLVED by the Common Council (the "Council") of
the City of Rochester, Minnesota(the "City"), as follows:
1. A public hearing on the proposal of the Borrower will be held at the time and
place set forth in the Notice of Hearing hereto attached as Exhibit A. The general nature of the
Project and an estimate of the aggregate principal amount of revenue bonds or other obligations
to be issued to finance the proposal are described in the Notice of Hearing.
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2. The Borrower may cause notice of the hearing to be given one publication in the
official newspaper and newspaper of general circulation available in the City, not less than 14
days nor more than 30 days prior to the date fixed for the hearing, substantially in the form of the
attached Notice of Hearing.
PASSED AND ADOPTED BY THE COMMON COUNCIL OF THE CITY OF
ROCHESTER, MINNESOTA, THIS 22ND DAY OF JANUARY, 2003.
S DENT OF SA COMMON
COUNCIL
ATTEST:
CITY CLERK
Approved this day of January, 2003.
(Seal of the Citv of Y
Rochester, Minnesota) MAYOR OF SAID CITY
Councilmember McConnell moved the adoption of the foregoing
resolution, which motion was duly seconded by Councilmember Stohaugh
and upon vote being taken thereon,the following Councilmembers voted in favor thereof:
President John Hunziker, Councilmembers David Benda, Marcia Marcoux, Jean
McConnell , Bob Nowicki , Walter Stobaugh
and the following Councilmembers voted against the same: None
whereupon said resolution was declared duly passed on adopted.
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