279239 WH17E - CITV CLERK COUIICII ����j��
PINK� - FINANCE G I TY O F SA I NT PA U L
CAWARV - DEPARTMENT � �
- BLUE - MAVOR File NO.
' Council Resolution
Presented By `y a
Referred To mittee: Date
Out of Committee By Date
RESOLUTION APPROVING AMENDMENTS TO A FINANCING PROGRAM
FOR SINGLE FAMILY/MULTI-FAMILY OWNER-OCCUPIED HOUSING
DEVELOPMENTS AUTHORIZING 'fHE SUBMISSION OF THE AMENDED
FINANCING PROGRAM FOR APPROVAL TO THE MINNESOTA HOUSING
FINANCE AGENCY; AUTHORIZING THE SUBMISSION TO THE MINNESOTA
HOUSING FINANCE AGENCY OF A REQUEST FOR AN ALLOCATION OF
ADDITIONAL BONDING AUTHORITY
WHEREAS,
(a) by Resolution No. 279057 (the "Resolution") adopted by the City Council
on August 3, 1982, the City Council has approved and authorized, after a duly conducted
public hearing in accordance with Minnesota Statutes, Chapter 462C, a housing finance
program to finance mortgage loans to be made or purchased with respect to certain multi-
family housing developments (the "Program");
(b) the Resolution authorizes the Housing and Redevelopment Authority of the
City of Saint Paul, Minnesota (the "HRA") to issue housing revenue bonds to finance the
Program, and to otherwise take such actions as may be necessary or desirable to implement
the Program;
(c) the staff of the HRA has now proposed certain amendments to the Program,
and has further requested authorization to seek additional bonding authority from the
Minnesota Housing Finance Agency ("MHFA");
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Saint Paul, Minnesota, as follows:
1. The City hereby amends the Program to increase the aggregate principle amount
of bonds authorized to be issued to finance the Program from $18,500,000 to $26,500,000.
COUNCILMEN
Yeas Nays Requested by De ent
Fletcher
�evine [n Favor
Masanz
NiCOSia
scr►eibei _ __ Against BY
Tedesco
Wilson
Form Approved by City Attorney
Adopted by Council: Date i'��� V�/�+''��'Z�
Certified Passed by Council Secretary BY
By
tapproved by ;Vlavor: Date _ A ro e by Mayor for S � sion to Council
/
By _ — `
WHITE - CITV CLERK COUflC1I ������
PINK - FINANCE G I TY OF SA I NT PAU L ��i %��v
CANA�FiV - OEPARTMENT
�/.'LUE - MAVOR File NO.
�
Council Resolution
Presented By
Referred To mmittee: Date
Out of Committee By Date
2. The City hereby amends the Program to include within the Program mortgage
loan financing, on such terms and conditions as the HRA shall hereafter determine, for
certain multi-family housing developments listed on Exhibit A attached hereto.
3. The City hereby amends the Program to include within the Program financing
of mortgage loans to finance the acquisition, acquisition and rehabilitation, rehabilitation,
or rehabilitation and refinancing of existing debt, with respect to existing single family
or multi-family 1-4 unit dwellings located within the City of Saint Paul, on such further
terms and conditions as the HRA shall hereafter determine.
4. The HRA is hereby authorized and directed to seek approval from MHFA of
up to $10,000,000 of additional bonding authority to finance the Program.
5. Except as expressly amended herein, the City hereby ratifies and confirms
all the findings and determinations contained in the Resolution.
COU[VC[LMEN
Yeas Nays � Requested b epar nt of:
Fletcher
Levine [n Favor
Masanz �
Nicosia
scheibe� _ __ Against BY
�ades�o
Wilson
SEP 2 1 1982 Form Approved by City Attorney
Adopted by Council: Date `7���� � /L���
d/
Certified P� ;ed Cou cil Sec r BY , ���
App y :Vlavor. Da ' SEP 2 3 ��� A ro ed y Mayor for Su i n to Council
�
By
PUBLiSHED �CT 2 1982
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CITY O'r SAINT PAUL
INTERDEPARTMENTAL MEMORANDUM
���_�-h--(��
f,,,;>�������� �
;��^; ���,.�e
DATE: August 25, 1982 ! `-'
�'�� � ��
TO: AT Olson, City Clerk �, ;�
: ��
�j j;; ; �
FROM: Sheri Pemberton, PED � I ;: � .
SUBJECT: CITY COUNCIL PUBLIC HEARING - SEPTEMBER 9, 1982
Attached is a copy of the public hearing publication for September 9, 1982,
before City Counci. The St. Paul Lega1 Ledger and the St. Paul Dispztch and
Pioneer Press published this notice on August 21, 1982. This puk�lic hearing
notice meets the fifteen (1�) day req_uirement.
Attached is the Affidavit for the St. Paul Legal Ledger. T wi11 forward the
affic3avit for the St. Paul Dispatch and Pioneer Press upon its receipt.
Please place this Public Hearing on the City Council Agenda for September 9,
1982. A Citv Council Resolution will be ft�rwarded to you by the City Attorney's
Office. _
Thank you. ";
SAP:sp
bcc: Ken Gauthier
Becky Hartman
Chron
Parcel
r
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STATE OF MINNESOTA
County of Ramsey
IN THE MATTER OF �
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g t�� g�...:�,�..
AFFIDAVIT OF PUBLICATION OF
I�ol;.me—�t'�iearis�
Attorney
DUPLICAT� CQPY
The Sa¢nt Paul Lega1 Ledger
3M-5-8Q .
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AFFIDAVIT OF PUBLICATION
STATE OF MINNESOTA
COUNTY OF RAMSEY
�'-~—�`- RC�3EMARY J FRANR being
°""�"� '';'" '! ,
. duly sworn on oath, says: that he is, and during
s� � all times herein stated has been, Clerk of the
� ,��oF� ��
M N� . r Northwest Publications, Inc., publisher of the
� '; newspaper known as the St. Paul Dispatch, St.
�;,� r Paul Pioneer Press, St. Paul Sunday Pioneer
Pe k ' Press, a newspaper of general circulation within
�h � , the City of St. Paul and the County of Ramsey.
.�,.
s"� That the Notice hereto attached was cut from
B the columns of said newspaper and was printed
� � and published therein on the following dates:
� , 2lstday of Aug 19 82
�
� ' day of , 19
«�
�p� day of , 19
�
�.r
�o '. day of , 19
�"� � day of , 19
`::„;+�..
�!z. day of , 19
�
�� day of , 19
to�
f�ne!'•y R� �Beo .� .
NOT e�r
f� s
�I p��ieariY ,
��9
p��t � a6b solaly /
ejrorn�N1es�uss of fhe Pro-
0rsm. , '
At tf�6 tim�,,q�»d PlaCe fixep .
� }M tc�hearinp.�Me �
p"',`°""`�`°""wii"':�i Subscribed and sworn to before me this
;��,�����: 24thday �►f Aug � 19 82
i������,�.. .
�r�'�« . ,
P►+ass.a.o�:,noa�
._._,_ ____ ���•
Notar�• Public
Washington County, Minnesota
My commission expires Oct 10 , 19 g�
�xaa,a,�.a�,a�,a����Aa,��nm����aa,��a�n�t
� ;;::;�'��-. KAY M RITCHIE �
� a%��``" NOTARY PUBLIC M!NNESOTA '
F��rm '2Ni � `',��� WASHfNGTON COUN'fY v
� `�.- My Commissian 6cpires Oct. 10, 1987 �
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� l�;��.��
°'T' °r ' CITY OF SAINT PAUL
���` ;
p r�_ � DEPART,MENT OF PLANNING AND ECONOMIC DEVELOPMENT
� „t��s ulu b DIVISl�N OF DEVELOPMENT
�u� �t� u �
�',� „r 25 West Fourth Street,Saint Paul,Minnesota,55102
612-292-6271
�a�•
GEORGE LATIMER
MAYOR
i
j
St. Paul Legal Ledger August 19, 1982
Publication Office
640 Minnesota Bldg.
St. Paul, MN. 55101
RE: I.EGAL VOTICE
Gentlemen:
Attached is a Notice of a Public Hearing on an Amendment to Program To
Finance Single Family/Multi-Family Owner Occupied Housing Developments.
Please publish this Notice in the St. Paul Legal Ledger on Saturday,
August 21, 1982.
Sincerely, -
Sheryl A. Pemberton
Real Estate Specialist II
SAP:rmf
Enclosure
bcc: Steve Thompson, Becky Hartman, Jim Hart
A1 Olson, Chron, Legal File
' �tTY �P • CITY OF SAINT PA�UL
R��� 7
o �;, � DEPA�TMENT OF PLANNING AND ECONOMIC DEVELOPMENT
�a ��eliH;luu bd DIVISION OF DEVELOPMENT
� �Ii17':1 II >
� he 25 4Vest Fourth Street,Saint Paut,Minnesota,55102
612-292-6271
186�
GEORG[LATIMER p"��d���'°��
MAYOR
i
i
St. Paul Dispatch and Pioneer Press August 19, 1982
55 East Fourth Street
Saint Paul, MN. 55101 -
Attention: Rosemary Frank RE- LEGAL NOTICES
Gentlemen:
Enclosed is a Notice of a Public Hearing on an Amendment to Program To
Finance Single �'amily/rlulti-Family Owr.er Occupied Housing Developments.
Please publish this Notice in the St. Paul Pioneer Press and Dispatch on
Saturday, August 21, 1982.
Sincerely,
Sheryl A. Pemberton
Real Estate Specialist II
SAP:rmf
Enclosure
bcc: Steve Thompson, Becky Hartman, Jim Hart
A� Olson, Chron, Legal File
a
� s�`.�
� . , . �'��w�9
NOTICE OF PUBLIC HEARING ON AMENDMENT TO A PROGRA..�'I
TO FINANCE SINGLE FAMILY/MULTI-FAMILY O�aNER-OCCUPIED
HOUSING DEVELOPMENTS
To whom it may concern:
Notice is hereby given that the City Council of the
City of St. Paul, Minnesota, will meet at the City Council
. ,
Chambers, City Hall in the City of St. Paul, ?sinnesota at
10:00 0' clock a.m. on September 9th, 19 82 to consider an
amendment to a program to assist in financing a housing
development or developments by the issuance of housing revenue
bonds.
By Resolution No. 279057, adopted on August 3, 1982 ,
the City Council previously anproved the proqram, and authorized
the Housing and Redevelopment Authority of the City of St. Paul,
Minnesota (.the "HRA") to issue `Housing Revenue Bonds in an
amount not to exceed $18, 500 , 000 to finance the nrograrn.
On the date, and at the time and place specified above,
the Gity Council will consider amendments to the prograr.l
previously approved to: �
l. Increase the estimated principle amount of bonds
or other obligations to be issued to finance the nrogram from
$18, 500, 000 to $26 , 500, 000;
� 2. Include additional housing develonment projects in
the program, includin_q but not limited to, the development of
condominium housing units in Energy Park; and
3. To consider the inclusion of financing for existing,
single family or multi-famil,y, owner-occupied housing in the
�
�
' _ � � � �"79;��9
program.
The bonds or other obligations if and when issued to
finance the program will NOT constitute a charge, lien or
encumbrance upon any property of the HRA or the City of St.
. � .
Paul except the revenues of the nrogram, and such bonds or
obligations will not be a charqe against the HR.A or City' s
general credit or taxing powers, but are Payable solely
from the revenues of the program.
At the time and place fixed for the nublic hearina, the
City Council of the City of St. Paul, Minnesota, will give all
persons who appear at the hearing an opportunity to express their
views with respect to the proposed amendment to the program.
Dated August 19th , �.982
By
�11b�rt B. 01s�r_ ___.
City Clerk