276691 � HITE - CITY CLERK % /��y�
�NAf��'�- DE ARTMENT COl1t1C1I N � v
BL.UE - MAYOR G I T Y O F S A I N T PA iT L File N O. �
City Attny/SDM . .
�� � uncil Resolution
Presented By
Referred To Committee: Date
Out of Committee By Date
CONCURRING RESOLUTION PERTAINING TO THE
AMFNDMENT TO THE FIRST MORTGAGE LOAN
ORIGINATION AND SALE AGREEMENT RELATING
TO THE CITY OF SAINT PAUL, MINNESOTA,
ACTING BY AND THROUGH THE HOUSING AND
REDEVELOPMENT AUTHORITY OF THE CITY OF
SAINT PAUL, MINNESOTA RESIDENTIAL
REHABILITATION REVENUE BONDS
WHEREAS, the Housing and Redevelopment Authority of the City of
Saint Paul, Minnesota (the "HRA") has been advised that it is
necessary and desirable to amend the First Mortgage Loan Origination
and Sale Agreement (the "Agreement") relating to the City of Saint
Paul, Minnesota, acting by and through the Housing and Redevelopment
Authority of the City of Saint Paul, Minnesota, $47,940,000 Residential
Rehabilitation Bonds dated as of December 1, 1979 (the "Bonds")
issued to finance the Below Market Home Rehabilitation Program
(the "BMHR Program") ; and
WHEREAS, by Resolution No. 81- �/�-5' the HRA has approved
the form of an Amendment to First Mortgage Loan Origination and
5ale Agreement (the "Amendment") , made certain findings with respect
thereto, and authorized the execution thereof;
NOW THEREFORE, BE TT RESOLVED by the Council of the City of
Saint Paul, Minnesota, as follows:
l. The Council hereby adopts and confirms the findings a d
determinata�ons of the HRA contained in HRA Resolution No. 81-��g- �
adopted �/-8=g/ .
COUNCILMEN Requestgd by Department of:
Yeas Nays
Hunt ��,
Levine In Favor
N�ddox
McMahon
snowaite� __ Against BY
Tedesco
Wilson
Form Approved by City Attorney
Adopted by Councit: Date
Certified Passed by Council Secretary BY
By
Approved by :Nayor: Date _ Approved by Mayor for Submission to Council
By _ BY
WIi1TE - CITY CLERK A���+++yyy ///yyy
PINK - FINANCE � �' /����
a CANARY - DEPARTMENT G I T Y O F SA I N T PA U L COUIICII �
BLUE - MAYOR File N O..
� uncil Resolution
Presented By
Referred To Committee: Date
Out of Committee By Date
-2-
2 . Subject to the approval of the City Attorney, the form
of the Amendment is hereby approved, and is directed to be executed
on the City' s behalf by the Mayor, City Clerk, Director, Department
of Finance and Management Services and Director, Department of
Planning and Economic Development,
3. The Mayor and City Clerk and other officers of the City
are authorized and directed to prepare and furnish certified copies
of all proceedings and records of the City relating to the amendment,
and such other affidavits, certificates and instruments as may be
required to show facts relating to the amendment, as such facts
appear from the books and records in said officers' custody or
control, or as otherwise known to them; and all such certified
copies, affidavits and instruments, including any heretofore
furnished, shall constitute representations of the City as to the
truth of all statements made by the City and contained therein.
COUNCILMEN
Yeas Nays Requestgd by Department of:
Hunt �
te�,s [n Favor
Maddox ._/
McMahon �y B
snowa�ter __ Against Y
Tedesco
�Ison ,(��
ppR �- 4 Form Approve y Cit Att
Adopted by Council: Date — �
Certified ss d by Counci , cre ry BY
�
Appr by :Nayor: D t _ PR � fi 1��t Appro d Mayor Eor u i ion to Council
B BY
UBLISHED APR2 51981
"' ' '.~ . ONI 02: 12J1975
v, : 9I8/76
. � ' �S� ... ���
EXPLANA'CION OF AQ�Ii�ISTRATIY� p R� '1`t�tv1RS��,41�5 1�rG,�iN�' tl:
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r.._..��, - � � �t�►1��'' v
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D8'te: APFtiL 7, 1981 �
AF'R '� 1
���
�TO: MAYtN� GEOR6E LATII�R ��
;.;
=ff�4:� 'TER�tY �C I�fi�LLIS
;RE: M�INEAPCTLIS/ST. PAUL F�1�ILY HOUSllVG FUND
. �
. �
!I�IfliN R�QI1�Sf ED:
A�pp�val of Council Re"solutio� �
: ,
;PU�E AMD RJ�T I t'�f 1�.f FOR TH IS AC7I EN1:
Action necessary tc�allow the Caty af �t. Pauii�d iasu� its haif of�t�i�
� $�233��i� authoriaed by t#te Ullman Bit! and p�res�niiy �endirig b�.fiore
�e.;�t�te L�gisiat�re ; ;
`ATTI�i�fi�"'�s .
City C,a�ncii Rc�iution
. ,
:;