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00-65Council File # � Q• G,,S Green Sheet # ► °� a. RESOLUTION Presented By Referred To �TY OF SAINT PAUL, MINNESOTA � f � Committee: Date WHEREAS, under the Minnesota Municipal Industrial Development Act, Minnesota Statutes, Sections 469.152-469.165 as amended (the "Act"), each municipality and redevelopment agency of the State of Minnesota (as defined in the Act), including the City of Brainerd, Minnesota (the "City of Brainerd"), is authorized to issue revenue obligations to finance capital equipment and improvements to land and buildings for the benefit of a revenue-producing enterprise to be owned by a contracting party (as defined in the Act): and WHEREAS, under Section 469.155, subdivision 9, of the Act, the City of Brainerd is authorized to enter into and perform contracts and agreements with other municipalities as the governing bodies of the city and as the other municipalities may deem proper and feasible for or concerning the financing of a project under the Act, including an agreement whereby one municipality issues its revenue obligations in behalf of one or more other municipalities: and WIIEREAS, the City of Brainerd has proposed to issue one or more revenue notes (the "Notes") and loan the proceeds derived from the sale of the Notes to Lutheran Social Servace of Minnesota, a nonprofit organization (the "Borrower"), to finance the acquisition of computer equipment and motor vehicles, and the acquisition and construction of improvements to existing buildings (the "Project"), to be located at the existing facilities of the Borrower in numerous municipalities in the State of Minnesota: and WHEREAS, a portion of the Project will be located in the City of Brainerd and at the eatisting facilities of the Bonower in the City of Saint Paul, Minnesota (the "City"): NOW, THEREFORE, BE IT RESOLVED THAT: 1. The portion of the Project to be located in the City (as described in the Notice of Public Heazing published prior to the date of consideration of this resolution) is hereby approved by the City and the issuance of the Notes by the City of Brainerd for such purpose (in the amount described in the Notice of Public Hearing) and in an aggregate principal not to exceed $1,800,000 is hereby approved. 2. No obligations will be issued by the City to fmance any portion of the Project and the Notes to be issued by the City of Brainerd to fnance the Project shall not constitute a charge, lien, or encumbrance, legal or equitable, upon any property of the City: and the Notes, when, as, and if issued, shall recite in substance that the Notes, including the interest thereon, aze payable solely from the revenues received from the Project and the property pledged to the payment thereof; and the Notes shall not constitute an oblication of the City and shall not be secured by any taxiug power of the Ciry. OO -bS 3. The Borrower shall pay any and a11 costs incurred by the City in connection with the portion of the Project located in the City, whether of not the Project is approved, the Notes aze issued, or the Project is carried to completion. Benanav �) Blakey �� Bostrom �� Coleman �� Harris �� Lantrv �� Rei ter as_INavs Absent I �. � ii ii � ii ✓ II II II —�� ✓ �� ✓ II II II Requested by Depamnent of: Adopted by Council: Date � a „� dG � o o a � Adoption Certified by Council Secretary BY� �� ,.� ._.a._ - Ap roved b Ma o• Date —�] 3�� / , � / I ��1+ : Form Ap ed by City Attorney By: Approved by Mayor for Submission to Council B �� ; / � � //�� 00 - cS �y�:�.:ar:�s..�t= a�� i-io-oo �,-,r.� GREEN ov�R�rowecroa No 103402 �i:q: �_: �1�_\ y7i.�_\ hl 1-26-00 �''. . r:=:� TOTAL # OF SIGNATURE PAGES r•�.z= r°_e ❑ p1YAiTOqEY � �� V ' ❑ CrtYClixlt ❑ wwicvi�mcxcEan�. ❑ wiwc��mm�ccra r �� . /�J � wroR(dtuvrrrtl _�'� (CLJP ALL LOCATIONS FOR SIGNATUR� Appxoving and authoxizing the issuance of revenue notes by the Eity of Brainerd under Ilinnesota Statutes, Sections 469.152 through 469.165, as amended, to finance property for the benefit of Lutheran Social Service of Minnesota PLANNING CAMMISSION CIB COMMITTEE CIVIL SERVICE fAMMISSION Fias mis ue�im� e.er workea unaer a conhact t«mis aepartmema VES N� Flas tlxe P�s�rm e�efbeen a dty empbyee7 YES NO Does Mis persoMfinn pwsece a sidll not rw�mallypossessed bY �Y �� cily empbyee? YES NO IS tliia persoNfirm aterpetetl vendoR YES NO Lutheran Social Services of Minnesota (LSS) plans to obtain tax-exempt financing in the form of bonds issued by the City of Brainerd, Minnesota to purchase real progerty, uiini and fu11-size vans and computer equipment. Some of the items of property purchased throngh this bond issue will be distributed to the LSS facility in Saint Paul. Pursuant to Minn. Stat, upon approval of the respective city councils, LSS may obtain tax-exempt financing from the LSS, in seeking tax-exempt financing for these purchases, will realize substanCial savings in its cost for capital. These savings will allow LSS to improve its facilities, replace vehicles sooner and attxact and maintain quality staff inembers. IF none LSS facilities in Saint Paul wi11 not benefit from the tax-exempt financing. AMOUNT OF TRANSACTION S n COST/REVRlUE BUDfiEfED (CIRCLE ON� YES ACTIVITY NUMBER NO INFORMATI010 (D�WNj Council File # � Q• G,,S Green Sheet # ► °� a. RESOLUTION Presented By Referred To �TY OF SAINT PAUL, MINNESOTA � f � Committee: Date WHEREAS, under the Minnesota Municipal Industrial Development Act, Minnesota Statutes, Sections 469.152-469.165 as amended (the "Act"), each municipality and redevelopment agency of the State of Minnesota (as defined in the Act), including the City of Brainerd, Minnesota (the "City of Brainerd"), is authorized to issue revenue obligations to finance capital equipment and improvements to land and buildings for the benefit of a revenue-producing enterprise to be owned by a contracting party (as defined in the Act): and WHEREAS, under Section 469.155, subdivision 9, of the Act, the City of Brainerd is authorized to enter into and perform contracts and agreements with other municipalities as the governing bodies of the city and as the other municipalities may deem proper and feasible for or concerning the financing of a project under the Act, including an agreement whereby one municipality issues its revenue obligations in behalf of one or more other municipalities: and WIIEREAS, the City of Brainerd has proposed to issue one or more revenue notes (the "Notes") and loan the proceeds derived from the sale of the Notes to Lutheran Social Servace of Minnesota, a nonprofit organization (the "Borrower"), to finance the acquisition of computer equipment and motor vehicles, and the acquisition and construction of improvements to existing buildings (the "Project"), to be located at the existing facilities of the Borrower in numerous municipalities in the State of Minnesota: and WHEREAS, a portion of the Project will be located in the City of Brainerd and at the eatisting facilities of the Bonower in the City of Saint Paul, Minnesota (the "City"): NOW, THEREFORE, BE IT RESOLVED THAT: 1. The portion of the Project to be located in the City (as described in the Notice of Public Heazing published prior to the date of consideration of this resolution) is hereby approved by the City and the issuance of the Notes by the City of Brainerd for such purpose (in the amount described in the Notice of Public Hearing) and in an aggregate principal not to exceed $1,800,000 is hereby approved. 2. No obligations will be issued by the City to fmance any portion of the Project and the Notes to be issued by the City of Brainerd to fnance the Project shall not constitute a charge, lien, or encumbrance, legal or equitable, upon any property of the City: and the Notes, when, as, and if issued, shall recite in substance that the Notes, including the interest thereon, aze payable solely from the revenues received from the Project and the property pledged to the payment thereof; and the Notes shall not constitute an oblication of the City and shall not be secured by any taxiug power of the Ciry. OO -bS 3. The Borrower shall pay any and a11 costs incurred by the City in connection with the portion of the Project located in the City, whether of not the Project is approved, the Notes aze issued, or the Project is carried to completion. Benanav �) Blakey �� Bostrom �� Coleman �� Harris �� Lantrv �� Rei ter as_INavs Absent I �. � ii ii � ii ✓ II II II —�� ✓ �� ✓ II II II Requested by Depamnent of: Adopted by Council: Date � a „� dG � o o a � Adoption Certified by Council Secretary BY� �� ,.� ._.a._ - Ap roved b Ma o• Date —�] 3�� / , � / I ��1+ : Form Ap ed by City Attorney By: Approved by Mayor for Submission to Council B �� ; / � � //�� 00 - cS �y�:�.:ar:�s..�t= a�� i-io-oo �,-,r.� GREEN ov�R�rowecroa No 103402 �i:q: �_: �1�_\ y7i.�_\ hl 1-26-00 �''. . r:=:� TOTAL # OF SIGNATURE PAGES r•�.z= r°_e ❑ p1YAiTOqEY � �� V ' ❑ CrtYClixlt ❑ wwicvi�mcxcEan�. ❑ wiwc��mm�ccra r �� . /�J � wroR(dtuvrrrtl _�'� (CLJP ALL LOCATIONS FOR SIGNATUR� Appxoving and authoxizing the issuance of revenue notes by the Eity of Brainerd under Ilinnesota Statutes, Sections 469.152 through 469.165, as amended, to finance property for the benefit of Lutheran Social Service of Minnesota PLANNING CAMMISSION CIB COMMITTEE CIVIL SERVICE fAMMISSION Fias mis ue�im� e.er workea unaer a conhact t«mis aepartmema VES N� Flas tlxe P�s�rm e�efbeen a dty empbyee7 YES NO Does Mis persoMfinn pwsece a sidll not rw�mallypossessed bY �Y �� cily empbyee? YES NO IS tliia persoNfirm aterpetetl vendoR YES NO Lutheran Social Services of Minnesota (LSS) plans to obtain tax-exempt financing in the form of bonds issued by the City of Brainerd, Minnesota to purchase real progerty, uiini and fu11-size vans and computer equipment. Some of the items of property purchased throngh this bond issue will be distributed to the LSS facility in Saint Paul. Pursuant to Minn. Stat, upon approval of the respective city councils, LSS may obtain tax-exempt financing from the LSS, in seeking tax-exempt financing for these purchases, will realize substanCial savings in its cost for capital. These savings will allow LSS to improve its facilities, replace vehicles sooner and attxact and maintain quality staff inembers. IF none LSS facilities in Saint Paul wi11 not benefit from the tax-exempt financing. AMOUNT OF TRANSACTION S n COST/REVRlUE BUDfiEfED (CIRCLE ON� YES ACTIVITY NUMBER NO INFORMATI010 (D�WNj Council File # � Q• G,,S Green Sheet # ► °� a. RESOLUTION Presented By Referred To �TY OF SAINT PAUL, MINNESOTA � f � Committee: Date WHEREAS, under the Minnesota Municipal Industrial Development Act, Minnesota Statutes, Sections 469.152-469.165 as amended (the "Act"), each municipality and redevelopment agency of the State of Minnesota (as defined in the Act), including the City of Brainerd, Minnesota (the "City of Brainerd"), is authorized to issue revenue obligations to finance capital equipment and improvements to land and buildings for the benefit of a revenue-producing enterprise to be owned by a contracting party (as defined in the Act): and WHEREAS, under Section 469.155, subdivision 9, of the Act, the City of Brainerd is authorized to enter into and perform contracts and agreements with other municipalities as the governing bodies of the city and as the other municipalities may deem proper and feasible for or concerning the financing of a project under the Act, including an agreement whereby one municipality issues its revenue obligations in behalf of one or more other municipalities: and WIIEREAS, the City of Brainerd has proposed to issue one or more revenue notes (the "Notes") and loan the proceeds derived from the sale of the Notes to Lutheran Social Servace of Minnesota, a nonprofit organization (the "Borrower"), to finance the acquisition of computer equipment and motor vehicles, and the acquisition and construction of improvements to existing buildings (the "Project"), to be located at the existing facilities of the Borrower in numerous municipalities in the State of Minnesota: and WHEREAS, a portion of the Project will be located in the City of Brainerd and at the eatisting facilities of the Bonower in the City of Saint Paul, Minnesota (the "City"): NOW, THEREFORE, BE IT RESOLVED THAT: 1. The portion of the Project to be located in the City (as described in the Notice of Public Heazing published prior to the date of consideration of this resolution) is hereby approved by the City and the issuance of the Notes by the City of Brainerd for such purpose (in the amount described in the Notice of Public Hearing) and in an aggregate principal not to exceed $1,800,000 is hereby approved. 2. No obligations will be issued by the City to fmance any portion of the Project and the Notes to be issued by the City of Brainerd to fnance the Project shall not constitute a charge, lien, or encumbrance, legal or equitable, upon any property of the City: and the Notes, when, as, and if issued, shall recite in substance that the Notes, including the interest thereon, aze payable solely from the revenues received from the Project and the property pledged to the payment thereof; and the Notes shall not constitute an oblication of the City and shall not be secured by any taxiug power of the Ciry. OO -bS 3. The Borrower shall pay any and a11 costs incurred by the City in connection with the portion of the Project located in the City, whether of not the Project is approved, the Notes aze issued, or the Project is carried to completion. Benanav �) Blakey �� Bostrom �� Coleman �� Harris �� Lantrv �� Rei ter as_INavs Absent I �. � ii ii � ii ✓ II II II —�� ✓ �� ✓ II II II Requested by Depamnent of: Adopted by Council: Date � a „� dG � o o a � Adoption Certified by Council Secretary BY� �� ,.� ._.a._ - Ap roved b Ma o• Date —�] 3�� / , � / I ��1+ : Form Ap ed by City Attorney By: Approved by Mayor for Submission to Council B �� ; / � � //�� 00 - cS �y�:�.:ar:�s..�t= a�� i-io-oo �,-,r.� GREEN ov�R�rowecroa No 103402 �i:q: �_: �1�_\ y7i.�_\ hl 1-26-00 �''. . r:=:� TOTAL # OF SIGNATURE PAGES r•�.z= r°_e ❑ p1YAiTOqEY � �� V ' ❑ CrtYClixlt ❑ wwicvi�mcxcEan�. ❑ wiwc��mm�ccra r �� . /�J � wroR(dtuvrrrtl _�'� (CLJP ALL LOCATIONS FOR SIGNATUR� Appxoving and authoxizing the issuance of revenue notes by the Eity of Brainerd under Ilinnesota Statutes, Sections 469.152 through 469.165, as amended, to finance property for the benefit of Lutheran Social Service of Minnesota PLANNING CAMMISSION CIB COMMITTEE CIVIL SERVICE fAMMISSION Fias mis ue�im� e.er workea unaer a conhact t«mis aepartmema VES N� Flas tlxe P�s�rm e�efbeen a dty empbyee7 YES NO Does Mis persoMfinn pwsece a sidll not rw�mallypossessed bY �Y �� cily empbyee? YES NO IS tliia persoNfirm aterpetetl vendoR YES NO Lutheran Social Services of Minnesota (LSS) plans to obtain tax-exempt financing in the form of bonds issued by the City of Brainerd, Minnesota to purchase real progerty, uiini and fu11-size vans and computer equipment. Some of the items of property purchased throngh this bond issue will be distributed to the LSS facility in Saint Paul. Pursuant to Minn. Stat, upon approval of the respective city councils, LSS may obtain tax-exempt financing from the LSS, in seeking tax-exempt financing for these purchases, will realize substanCial savings in its cost for capital. These savings will allow LSS to improve its facilities, replace vehicles sooner and attxact and maintain quality staff inembers. IF none LSS facilities in Saint Paul wi11 not benefit from the tax-exempt financing. AMOUNT OF TRANSACTION S n COST/REVRlUE BUDfiEfED (CIRCLE ON� YES ACTIVITY NUMBER NO INFORMATI010 (D�WNj