278116 WHITE - CITY CLERK J /�j�"1�
PINK - FINANCE �8 �J �
CAKARY '" DEPARTMENT C I T Y O F S A I N T ��U L COUtIC1I
BLUE - MAYOR
File N .
� Council Resolution
Presented By
Referred To Committee: Date
Out of Committee By Date
WHEREAS, by Resolution No. 82-1/14- 7 , the HRA has
approved the form of a Supplemental Indenture of Trust (the
"Supplemental Indenture") , made certain findings with respect
thereto, and authorized the execution thereof; and
NOW THEREFORE, BE IT RESOLVED by the Council of the
City of Saint Paul, Minnesota, as follows:
1 . The Council hereby adopts and confirms the findings
and determinations of the HRA contained in HRA Resolution No.
82-1/14- 7 adopted January 14, 1982 .
2. Subject to the approval of the City Attorney, the form
of the Supplemental Indenture is hereby approved, and is
directed to be executed on the City's behalf by the Mayor, City
Clerk, Director, Department of Finance and Management Services
and Director, Department of Planning and Economic Development.
3. The Mayor and City Clerk and other officers of the
City are authorized and directed to prepare and furnish
certified copies of all proceedings and records of the City
relating to the Supplemental Indenture, and such other
affidavits, certificates and instruments as may be required to
show facts relating to the amendment, as such facts appear from
the books and records in said officers ' custody or control, or
as otherwise known to them; and all such certified copies,
affidavits and instruments, including any heretofore furnished,
shall constitute representations of the City as to the truth of
all statements made by the City and contained therein.
COU[VCILMEN
Yeas Nays � Requestgd by Department oE:
Hunt P1 n a i
Levine In Favo[
Maddox
McMahon � B
snowalter - __ Against Y
��+�rre
Wilson
JAN 2 6 t982 Form Appr d by City Attorney
Adopted by C ouncil: Date —
CertifiE:d � 5 d by Counc ecre BY
- i
� Ap rov by Mayor for S i �io Council
App o e by ;Nayor —
_ JAN 2 7 1982� BY
PUBUSNED F E B 6 1982
WNITE - CITY CLERK /�
PINK - FINANCE ���(� ��
CA�IARY �' DEPARTMENT G I T Y O F S A I N T ��U L COUflC1I U
BL�JE - MAYOR
File N .
' C � i s ,lution
Presented By •
Referred To Committee: Date
Out of Committee By Date
CONCURRING RESOLUTION PERTAINING TO THE
SUPPLEMENT TO INDENTURE OF TRUST RELATING
TO TfiE CITY OF SAINT PAUL, MINNESOTA,
ACTING BY AND THROUGH THE HOUSING AND
REDEVELOPMENT AUTHORITY OF THE CITY OF
SAINT PAUL, MINNESOTA RESIDENTIAL
REHABILITATION REVENUE BONDS
WHEREAS, the City and the Housing and Redevelopment
Authority of the City of Saint Paul, Minnesota (the "HRA") have
been advised that it is necessary and desirable to amend the
Indenture of Trust relating to the City of Saint Paul,
Minnesota, acting by and through the Housing and Redevelopment
Authority of the City of Saint Paul, Minnesota, $47,940,000
Residential Rehabilitation Bonds dated as of December 1, 1979
(the "Bonds") issued to finance the Below Market Home
Rehabilitation Program (the "BMHR Program") ; and
WHEREAS, by Resolution No. 81-4/8-5 the HRA has
approved the form of an Amendment to First Mortgage Loan
Origination and Sale Agreement (the "Amendment") , made certain
findings with respect thereto, and authorized the execution
thereof; and
WHEREAS, by Resolution No. 276691 the City concurred
in the action of the HRA with respect to the Amendment, and
authorized the execution thereof; and
COUIVCILMEN Requestgd by Department of:
Yeas Nays
Hunt P1 a 1
Levine In Favor
Maddox
McMahon B
Showalter __ Ag81RSt Y
Tedesco
Wilson
Form Appr ved by City Attorney
Adopted by Council: Date —
Certified Passed by Council Secretary BY %��G����-vi/���Q:�%�'�-�
Bl' -- "
Approved by Ylavor: Date _ Approv by Mayor for bm' i n to C il
By - - — B
�
a ����
_ . �I0l: i2,19X3
Rev.: 9/817f�
: Rew. . 5�7>�
' EXPLAI�UUITIQN 0� A{XMINIST#�TIYE ORQERS, Rev.: 4/�t3i81
RESOlUTiO�S AND �Rt}��1GES
Date: lanuary 14, 1982
. _ TQ: �im�Be�lus, Bectcy Hact�nan, A�Iayor's 4ff cx j �� �j /�e�'r.�.,
F�: Gary A. Peltier, PEfl Housing, x6254 R����D
�E: cit�► Council ttcsolution � J A N 1 5 19�iL
Res Amendment to Trust L�dentuc� for Bl�1I�R ogram
MAYORS OFFlCE
ACTI{f�! RE�1�:
: Submissivn and approval af Resoiutian � Council is� ordec to extend timt paiod fot .
BMHR Program.
PIIRPOSE AN� RA'�I�!lAL,E FOR THIS A�TIfMI:
Ext�nsicx�of time period is need�d to instue all bond pcoc�eeds a�c�e'�atd fQr � purc�rase '
of qc�alified mortgages. HRA and City Council prcviously approved arnendme�t to
I.o�n Agr�eennent to e�e�d time period; HRA approved amendment tc In�ttt�e on '
1)i4182.
,
' FINAttCIRI. IMPAGT: '
No direct financiat impaet to the City. :
A7TAt�lENTS:
City Co�c.�i�Resolution
�