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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 , � � ������ . - :p-t� -!" �n?,�s.--.y.•r � . ����� ���N� � r a ssx .., ;aA .,s �3�.� a�-.:. . ,,3��';s+�� '' .r_,� . �To W6an S isl�aoa�' ..'.,;' �w�;r: � Netla�1.LI�A��fi'M���tti�CibCewmll �r waa�sa.ww.ta�:�.��.�.c.e �n.c�e��u�;a���e se� , a�dr-e�r:��wt,�:�,o�sa�r� .,�.� � m�� ►��•�i.����,. srai+�'�+f�s�t►a�#arr�-�:.� 1�lf'�-�No;��IfO�;.:�is�,s:=.--. ��'� .:. � � ����� ot�!�:'�ihiC+tdt�'{les'�`+�i�rot� �{f�r�pYi1E�1Rtiftr�.�; ez�eai i�'4f'�1���+�€`��'. O� the iir�1R a�d tl��q�ll►e� ,: �v�•a+1aa a�N��. ���� � P�ovla tot . �u G�.F'"s•' '�.- ��r. �'� Of� `�'.: ��,4 r��-,n �rr 3�4�' :� G..� p ` � : ���i� � . :�Lfid.� e,,.- �i r°������'���e`•. nsas, ;i."�+�:_. � ��►�;.,,;�,�, ����w���� +.�+�e��,�!►. '�'*�: et _ ' ` P��.. �. ,A �.«�t�. r�. � .,;� saaa, or�, . '� ��' •pimt tbe�RA er�sp���It'� ta��Pow�G�'�+�p�1i�t1�'11�lut�ie rsv�orw sf the�fPk^' 4,�'�'s:,�,. • At tL�tin�e��►11rb�p�{=�Mr�s��e11ie n��11t�tt�tS�sdi a�tiiae C�ot A! Paul.lti�e�M'�w�FGt itrsa�`lR+isarr�l�ap� prr�t,tbrM�anop�p�q'i;�r�o`�; �lt6�p�. .��.��:`± , � �-w'�Et£ , ��_�� r ._ . n3�lhtlf�.: .i. i�,.�. . .. _ . � .,,.. . <'s7c'� �j.f '. .. <.'._����:_��� �.'l:-.... - . . _ ,� ..... . �•��.� ���?�� 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 • L STATE OF MINNESOTA County of Ramsey IN THE MATTER OF � F - g t�� g�...:�,�.. 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W y � O'��� °.iR��� W . y �Y •ap, � p � (����`�e..�CO R��� p �� ��a�~.. p� � � � � K� �'�`• `� '�" 0`�+� e`2 � ,�,� � � � � a� �,� p,��� o� � �,� �.��� � � a ° � � y�°.a �;L� ��� "'�b�Y�' ����.A p, ��7 r , � •,, ;� � y�� �� � �, � ���s �i W � A' �'Qt-�s �i ~ p, � : �'�' `I .� �'�A� � �� ���'������ ��� �rQ ►� . . �' � , � � ; o�o �'��o .��'�.Q� �°� �. � � .,,, .. : a�.ti.� ...��"�..� �� � R �� � � � � � � � y W�"����9�'.�Q O q m�g �� p � � � � a N� , o ; w �� � •*� .,,a �Ci���'•�.�'' � r � o Id �. � : Q M�N��� o�o��A„�,�,iy���' �� � � �. '� � � S� : a�p a�°°�fi���'�'..o �'�c����$ � � � � � � � ° : � � �a��,g�ro4��� o an���� C� � � . �' �. p � • a w p �� a �,'��''�`t �p���, sa � � . �o a � o�o� a��°.�°��x$�i34��C•°.'<���a. � 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 � )(��r`a�'�vrr��r�►�nl�rri�ro�rtsrr�tlbtlVWX . > � 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