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277848 WHITE - CITY CLERK � !�:� PINK � - FINANCE hv a �•.. � CANARY -. DEPARTMENT G I T Y O F S A I N T PA U L COI1RC11 BLUE - MAYOR File N O. �" ,� - -Co il Resolution Presented By Referred To Committee: Date Out of Committee By Date RESOLUTION APPROVING THE ENERGY � IMPROVEMENT PROGRAM, PHASE II, OF THE HOUSING AND REDEVELOPMENT AUTHORITY OF 'fHE CITY OF SAINT PAUL, MINNESOTA, THE ENERGY IMPROVEMENT REVENUE BONDS, SERIES II, TO FINANCE THE PROGRAM, AND VARIOUS ACTIONS RELATING THERETO WHEREAS: e A. The Housing and Redevelopment Authority of the City of Saint Paul, Minn sota (the "HRA"), will undertake a below market interest rate mortgage loan program (the "Energy Improvement Program, Phase II" or the "Program") to finance energy improv ments made to one-to-four family residences in the City pursuant to Chapter 222 of the La s of Minnesota for 1981 and Minnesota Statuties, Chapters 462A and 475, and Chapter 7 , Saint Paul, Minnesota, Administrative Code, relating to Housing and Rehabilitation F nance Progra ms; B. Chapter 72, Saint Paul, Minnesota, Administrative Code, relating to Hous ng and Rehabilitation Finance Programs (the "Ordinance"), authorizes the HRA to exerc' e, on behalf of the City, the powers conferred upan the City by Chapter 222 of the law of Minnesota for 1981 (the "Act") upon the authorization and direction of the City, hich authorization and direction is given herein; COUNCILMEN Yeas Nays Requestgd by Department of: Hunt Levine In FBVOr Maddox McMahon B showa�ter - __ Against Y Tedesc� Wilso� Form Approved by City Attorney Adopted by Council: Date Certified Passed by Council Secretary BY I BS. Approved by :Vlayor: Date _ Approved by Mayor Eor Submission to Counc'1 By - BY � I , � � "`A 4.L:�• ��. y�^F� � , �!' � � I � C. By resolution (the "HRA Resolution"), the HRA will authorize the issuance of approximately $3,080,000 Energy Improvement Revenue Bonds, Series II (the "Bonds");! D. This City Council has on this day held a public hearing on the Program; E. The City has applied for and received preliminary approval of an Urban Deve�lopment •Action Grant, the proceeds of which will be applied to assist the Program and earlier ar�d later programs of providing financing for energy improvements to single-family and mu�ti- family residences; F. The Indenture of Trust pursuant to which the Bonds shall be issued, togetheq with various other Agreements, have been made available in draft form and will be sub�mitted to the HRA for approval, and the HRA will approve such Indenture of Trust and Agree�nents and authorize such Indenture of Trust and Agreements to be executed; and G. The City Council has approved the related Energy Improvement Program, �'hase I (also called Series I), of the HRA, by Resolution No. 277305, adopted August 25, 1981� NOW THEREFORE, BE IT RESOLVED by the City Council of the City of Saint Paul, Minnesota, as follows: 1. It is hereby found, determined and declared that: (a) The City faces potential serious shortages in energy resources, andl implementing energy conservation measures requires expanded authority and technical capal�ility in order to minimize the use of traditional energy sources in the housing sectdr. (b) Accomplishing energy conservation is a public purpose. (c) It is in the public interest for the City, through the HRA, to provlde existing one-to-four family housing loans for energy improvements. (d) There is a continued need to reduce consumption of energy from�nonrenewable petroleum based resources. i . +` y��i F� �� (e) There are housing units within the jurisdiction of the City which are in need of energy improvements and energy rehabilitation. (f) Private sources of financing are not reasonably available to provide the i needed loans for energy improvements and energy rehabilitation. ; (g) The types of energy improvements and energy rehabilitation which are ; eligible for financing under the Program will reduce the consumption of energy frc�m nonrenewable petroleum based resources or from nuclear sources, both directly ar�d indirectly. (h) At least 759i6 of the proceeds of each energy improvement loan under fthe Program shall be used for housing repairs and improvements (1) which will be useki or useful to conserve energy and (2) which, when installed or completed, will wit� respect to each housing unit directly result in a cost effective reduction of ener�y use from nuclear or nonrenewable petroleum based resources. i 2. The Council hereby authorizes and directs the HRA to carry out the Ener�y Improvement Program, Phase II, and to issue the Bonds to finance the Program upon �he terms to be set forth in the HRA Resolution. 3. The Mayor, City Clerk, Director, Department of Finance and Managemer�t Services, and other officers of the City are authorized and directed to take such ac�ions as may be necessary to secure the Urban Development Action Grant for which appli}�ation has been made and preliminary approval received with respect to the Program, incl�pding the furnishing of evidentiary materials and the execution of agreements with parti ipants in the Program and other programs to which the Urban Development Action Grant elates. I I WNITE - CITY CLERK � A PINK - FINANCE COUI1C11 � �ro � CANARY - DEPARTMENT G I T Y O F S A I N T PA U L � BLU� - MAYOR File N O. '' Council Resolution Presented By Referred To Committee: Date � Out of Committee By Date 4. The Mayor, City Clerk, and other officers of the City are authorized and dire ted to prepare and fumish when the Bonds are issued, certified copies of all proceedings and records of the City relating to the Bonds and such other affidavits and certificates as m y be requir ed to show the facts relating to the legality, tax exemption and marketability of the Bonds as such facts appear from the books and records in said officers' custody d control or as otherwise known to them; and all such certified copies, certificates and af idavits, including any heretofore fumished, shall constitute representations of the City as to th truth of all statements made by the City and contained therein. I � I I i I I i I � , � I � � COUNCILMEN Requestgd by Department of: Yeas Nays Hunt Levine In Favor Maddox � McMahon B sr,owaite� - _ Against Y Tedesco Wilson � DEC 2 2 �� Form Approv by City Attorne J Adopted by Council: Date — Certified Y - by o nc� . cre BY� sy, � Ap o ed by ;Nayor: D Appro ayor for Submi o Cou il By _ By PUBLISHED JAN 2 1982 . . J�y�Y�� I .� � � I � I i � i . . . �.r�u;e.' .. .,. � `' '� �?r�.��. i � � • �` 4 �� . a. � �� 1.. + � M�� I}� ; k I I I �� i�� ; � , , �; � � � rP�' � :; 4 'T I � �r{ �� ,�i� ' I I � 1 AFFIDAVIT OF PUBLICATION '�`�� STATE OF MINNESOTA COUNTY OF RAMSEY �� ,, , ROSEMARY J FRANK , bei g `, . ,, . � • ', duly sworn on oath, says: that he is, and duri g �"`�' ,,,,,�.;,;,;;;; all times herein stated has been, Clerk of t e o►},:Y, Northwest Publications, Inc., publisher of e � � newspaper known as the St. Paul Dispatch, t. �!�, Paul Pioneer Press, St. Paul Sunday Pion er ' t Press, a newspaper of general circulation wit in the City of St. Paul and the County of Rams y. , 1 That the Notice hereto attached was cut f om the columns of said newspaper and was pri ted and published therein on the following dates 12th day of DEC , 19 gl day of , 19 I ;� day of , 19 � ` � dayof , 19 I I; "�� ,� �dayof , 19 , day of , 19 ��: day of , 19 i � _ _ � � I � Subscribed and sworn to before me this 14th day �,f DEC , 19 81 Notan� Public Washington County, Mi nesota My commission expires Oct 10 , 19 8� � � x��a,�n��u�nnnnnn�a��anan.,an/«�nnn,a�nc.nn rt� < �;AV r�9 R�rcH�� ., � � � _� �.�� i�_ �u�i�,�Y ('��t ir i,� ,. �; f�nnn 136 �:iS: �a' `�l� -�ild�. � i�i�' ��V 1� �y � ��My Comr�;.slon rx� es 0-t 1C, 1 '7 " < j��7�'V��'�i�/G�YG�/G�/GWVGC'GVV VvNS�YVVV�'Y/�' � I ��%r.�� f� k ., r_,�� N�'i`IC�4f MTdLiC R�A�tI!IQ 01+1 A PR0- �ggAL��61�IB�GY�tl�AXBIIBI�IT AN� �� !�!Y. RB��kA1�2�'AT4��l ,� FII�(ilNC6?�C�' _- , _.. i , -. ,�-- .. � To Whom it 1ta�t.Cancern�-r >. ; NiKke ta`�teebJi"�h�eh t�t'�t Cow�cil ot thc�ity uE$siftt�dul witl irect et�e RamsceY County Caftt $e fin iKe�ity'�t�aint?aul. Ni�esrAa 8t�a.ne ai D�eN.�.�.�+".��'�...t��- to ca�side[the propvsal oi tl�c riaw�8'�'O ' RedavelopdrnL 1►utlaiity,ot tNe Gitrof Saiut Paui,klNU�te.(Ux FIRA�.to utedertAke aa Enerprlaq►eoxement"amd'�5`fle�abiUta-. tim Finanell+S:Tra�ram f�e�Sn tMe- Citfb4Seiat Pau1.Pkwse�oi t1�e�roBram is- cludes the :issuasce'-M,.apProxitxiately E�.088.00Q ia ARA revenne.baods f�tnstsill- ment loe�and the perlklDatiai of an.U►ban peye►opment Action G�ant in 1he amamt of appwxlfaitelg Y�.�.'�Progcam w[ll be oveneen and ttie IoaQS.a�'l��ated b � Eaer6Y�u�ttre GBrter,a newb cc�ei��- n�w�e nynprofit cotpoi'aitoa. Said.$or�ds or CNAC�O�t�u��'!�� is�yed will nat.crostKute;a cha}�4,liecoden-. cumb»ana up�aey propettY ol tlx�RA or the City oi 5aidt� Oi,"`.�.�hF€P�i��'d , rge ��M��i ��d ��r��l��" suact to� ` �3a �if�i�r1111rt of : 1�ust. • At the time and plpce fixed for said Public z ocil wSII give a1l petsoM ' `eS''i t�� . . �r�� €j'p '� " � '� " �8.ul�1'�'��b.,7iINN$,SOTAJ:?. BY�I�BLLR7'B.OL801�i . -..�.r:x City.�C�efk" iy (Aecember 12.!!�!f --�� __.. ' � i I