277270 WHITE - CITY CLERK
CANARY - DEPARTMENT � COUIICII �
s�ue � - MAYOR C�ITY OF SAINT PAUL File NO. �"' - �
��ty Attny/SDM .C'ouncil Resolution
Presented By
Referred To Committee: Date
Out of Committee By Date �
RESOLUTION CALLING FOR A PUBLIC HEARING ON A
PROPOSAL FOR A PROGR.AM FOR ENERGY IMPROVEMENT
AND ENERGY REHABILITATION FINANCE PROGRAM
PURSUANT TO CHAPTER 222 OF THE LAWS OF
MINNESOTA FOR 1981 AND AUTHORIZING THE
PUBLICATION OF A NOTICE OF SAID HEARING
WHEREAS, Chapter 222 , Laws of Minnesota for 1981 (the "Act")
provides that the City may develop and administer a program for
the making or purchasing of energy improvement or energy rehab-
ilitation loans with respect to housing located anywhere within '
its boundaries on such terms and conditions as set forth in the
Act and an ordinance adopted by the City Council of the City; and '
WHEREAS, pursuant to the Act the City Council on June 11,
� 1981, adopted Ordinance No. 16800 (the "Ordinance") amending
Chapter 72 of the Administrative Code of the City to provide for
a program for the making or purchasing of energy improvement or
energy rehabilitation loans with respect to housing located with-
in its boundaries; and
WHEREAS, in said Ordinance the City has determined that:
(1) there is a continued need to reduce consumption of energy
from non-renewable petroleum based resources, (2) there are
housing units within the jurisdiction of the City which are in
need of energy improvements and energy rehabilitation, (3) privat�
sources of financing are not reasonably available to provide the
needed loans for energy improvements and energy rehabilitation,
and (4) the types of energy improvements and energy rehabilitatiom
authorized under the Ordinance will reduce the consumption of ene�gy
from non-renewable petroleum based resources or from nuclear sour�es;
and
COUNCILMEN Requestgd by Department of:
Yeas N ays
Hunt
Levine In Favor '
Maddox
McMahon B
showalter _ Against Y — �
Tedesco
Wilson
Form Approved by City Attorney
Adopted by Council: Date —
CertifiE:d Passed by Counc.il Secretary BY
By _
Apprc�ved by ;Vlavor: Date _ Approved by Mayor for Submission to Council'
By _ _ - BY -
. , `,
. ��
��� r
-2-
WHEREAS, the Act provides that the City may authorize,
issue and sell revenue bonds or obligations to finance the
Program, and exercise the same powers as the Minnesota
Housing Finance Agency is authorized to exercise under the
provisions of Minnesota Statutes, Chapter 462A (the "State
Housing Act") , without regard to any of the limitations
set forth in Minnesota Statutes Chapters 462C or 475;
and
WHEREAS, the Act provides that the City may by
ordinance authorize the HR.A to exercise any or a11 of the
powers granted to the City by the Act, and the Ordinance
has so authorized the HRA, subject only to individual
program or project approval by the City Council; and
WHEREAS, the City Council desires to hold a public
hearing on the Energy Im�rovement and Energy Rehabilitation
Finance Program (the "Program") prior to granting its approval
for the Program.
NOW, THEREFORE, BE IT RESOLVED by the Council of the
City of Saint P�ul as follows:
1. A Public Hearing on said proposal of the
Borrower will be held at the time and place set forth
in the Notice of Hearing hereto attached.
2. The general nature of the Program and an es-
timate of the principal amount of the Bonds to be issued
to finance the Program are described in the form of
Notice of Hearing hereto attached.
3. The Notice of said Public Hearing shall be in
substantially the form contained in the Notice hereto
attached.
WHITE - CITY CLERK �j
PINK - FINANCE ��h��
CANARY - DEPARTMENT G I TY O F SA I NT ��U L COUflC1I a
BLUE ' - MAYOR '
File N . ,,_;
� Council Resolution
Presented By
Referred To Committee: Date
Out of Committee By Date
—3— '
'f ,S'. The City Clerk is hereby authorized and directed
to cause notice of said hearing to be given one publication
in the official newspaper and in a newspaper of general
circulation available in the City of St. Paul, not less
than 10 days nor more than 30 days prior to the date fixed '
for said hearing, as shown in the notice of hearing hereto
attached.
COUIVCILMEN Requestgd by Department of:
Yeas Nays
Hunt
�e���e [n Favor
-MeddeN. �)
McMahon
snowaiter - __ Against BY — �
Tedesco '
VlMavrr
Adopted by Council:� Date — �UG � � `�� Form Approved ity Attorney
�
Certified • � by��qoun � Sec ry BY
B , y
App by ;4lavoc �' ���7 17 �98� Approved by Mayor for Submission to Council
By _ _ By
G�;QUS�t�u AU G 2 2 1981
i
• �`+ _ �
J / .
M H f�d �
NOTTCE OF PUBL2C HE�,RING ON A
PROPOSAL FOR A ENERGY INiPRO'VE-
MENT AND ENERGY REHABILITATION
FINANCE PROGRAM
To Whom It May Concern:
Notice is hereby given that the Council of the City of Saint
Paul will meet at the Ramsey County Courthouse in the City of
Saint Paul, Minnesota at 10: 00 o'clock a.m. on August 25, 1981,
to consider the proposal of the Housing and Redevelopment Authority
of the City of Saint Paul, Minnesota (the HRA) to undertake an
Energy Improvement and Energy Rehabilitation Financing Program
(the Proqram) in the City of Saint Paul . Phase I of the Program
includes the issuance of approximately $1,000,000 in HRA revenue
bonds for installment loans and the participation of Northern
States Power Company with $625,000 for deferred loans under the
Program. The Program will be overseen and the loans originated
by the Energy Resource Center, a newly created Minnesota non-
profit corporation.
Said Bonds or other obligation if and when issued will not
constitute a charge, lien or encumbrance upon any property of the
HRA or the City of Saint Paul, and the project and such note or
obligation will not be a charge against the HRA' s or the City 's
general credit or taxing powers but will be payable from sums to
be paid pursuant to an Indenture of Trust.
At the time and place fixed for said Public Hearing, the City
Council will give all persons who appear at the hearing an oppor-
tunity to express their views with respect to the proposal.
Dated this 13th day of August, 1981.
(BY ORDER OF CITY OF SAINT
PAUL, MINNESOTA)
gy Albert B. �lson
Clerk
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