276726 WFIITE - CITY CLERK ���}�('(1
PINK. - FINANCE /Jn
CANARY - DEPARTMENT G I TY O F SA I NT PA LT L COUIICII �r � 'k,�.��
BLUE - MAYOR � Flle N O.
� . o �cil Resolution
Presented By
d To Committee: Date
Out of Committee By Date
Resolutinn No.
RESOLUTION CALLING FOR A PUBLIC HEARING
ON A PROPOSAL FOR A PROGRAM FOR A
MULTI-FAMILY HOUSING DEVELOPMENT PURSUANT
TO MINNESOTA STATUTES, CHAPTER 462C, AND
AUTHORIZING THE PUBLICATION OF A NOTICE OF SAID
HEARING AND AUTHORIZING THE PREPARATION OF
THE NECESSARY DOCUMENTS AND MATERIALS
IN CONNECTION WITH SAID HEARING
WHEREAS,
(a) Minnesota Statutes, Chapter 462C ( the "Act") authorizes cities, or
houisng and redevelopment authorities authorized by ordinance to exercise on
behalf of the city the powers conferred by the Act, the power to issue revenue
bonds for the purpose of planning, administering, making or purchasing loans
to finance one or more multi-family housing developments within the boundaries
of the city;
(b) The Housing and Redevelopment Authority of the City of Saint Paul ,
Minnesota (the "HRA") has been designated, by ordinance, to exercise, on behalf
of the City of Saint Paul , Minnesota, the powers conferred by the Act;
(c) The Act provides that a city or k�ousing and redevelopment authority
may issue and sell revenue bonds or obligations in order to finance the program
which bonds shall be payable exclusively from the revenues of the Program; and
(d) Before proceeding with consideration of the Program it is necessary
for the City to hold a public hearing pursuant to the Act; and
COUIVCILMEN Requestgd by Department of:
Yeas Nays
Hunt ���
Levine In Favor
Maddox
McMahon B
snowaiter __ Against Y
Tedesco
Wilson
Form Approved by City Attorney
Adopted by Council: Date —
Certified Passed by Council Secretary BY
Bs� �.
Approved by :Nayor. Date _ App o d by Mayor f S ' sion to Council
By _ By
WHITE - CITY CLERK / .^D
PINK� - FINANCE �,/ ��/�
CANARY - DEPARTMENT G I T Y O F S A I N T PA U L COUIICII r� v �„r
BLUE - MAYOR .
� Flle N
� Cou c ' Resolution
Presented By �
Re o Committee: Date
Out of Committee By Date
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Saint
Paul , Minnesota:
1 . A public hearing to consider the Block 40/Lowertown Program 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 the estimate of the principal
amount of housing bonds to be issued by the Housing and Redevelapment Authority
of the City of Saint Paul , Minnesota to finance the Program are described in
the form of Notice of Hearing hereto attached.
3. The Notice of said public hearing shall be substantially in the
form contained in the Notice hereto attached.
4. The City Clerk is hereby authorized and directed to cause said Notice
of Hearing to be given on publication in the official newspaper of the City of
Saint Paul , Minnesota, and in a newspaper of general circulation, 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.
COUNCILMEN
Yeas Nays Requestgd by Department of:
Hunt
Levine In Favor
Maddox
McMahon B
sno�iter __ Against Y
Tedesco
Wilson
Form Approved by City Attorney
Adopted by Council: Date
Certified Yassed by Council Secretary BY
sy _
Approved by Vlayor: Date _ Approved by Mayor for Submission to Council
By _ BY
WHITE - CITY CLERK 2���26
PINK - FINANCE
CANARY - DEPARTMENT G I T Y O F S A I N T PA U L COUIICII
B'LUE - MAYOR
File N .
� _ . Cou ci � Resolution
Presented By �`�7� • d---�
Referre To Committee: Date
Out of Committee By Date
5. A draft copy of the proposed housing finance program, together with all
attachments and exhibits thereto, are available for public inspection beginning
April 22, 1981 , from 9:00 o'clock a.m, to 4:00 o'clock p.m. , Monday through
Friday, at the offices of the Development Division, Department of Planning and
Economic Development, City Hall Annex, 12th floor:
6, At that time and place fixed for said Public Hearing, the City Council of
the City of Saint Paul , Minnesota will give all persons who appear at the
hearing an opportunity to express their views with respect to the proposal .
Dated this day of , 1981
By
City Clerk
COUNCILMEN
Yeas Nays Requestgd by Department of:
Hunt �(�"�
Levine In Favor
Maddox
McMahon
snowa�ter � __ Against BY
Tedesco
�Iso�
Adopted by Council: Date APR 2 � 1981 Form Approve y Cit rney
�
Certified a•se by Council ret BY
y�
A�PR 2 3 1981 <
A r d by Ulayor: Da _ Ap by Mayor fo S n to ncil
By BY
UBLISHED MAY 21981
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- ` NOTICE OF A�PUBLIC HEARING NaV d ��
ON A PROPOSAL
FOR A PROGRAM TO FINAPJCE A MULTI-FAMILY
OWNER OCCUPIED HOUSING DEVELOPMENT
s
To whom it may concern:
Notice is hereby given that the City Council of the City of �
Saint Paul , Minnesota will meet at the City Council Chamber, 11
in the City of Saint Paul , Minnesota at 10:00 o'clock a.m. on �
1981 , to consider the proposal of Mears Park Development Company, t a '
the Housing and Redevelopment Authority of the City of Saint Paul ("HRA") ;
assist in financing a development hereinafter described by the issuance
of housing revenue bonds.
Description of Development
The development consists of the construction of a multi-family
owner-occupied housing development of approximately 250 units.
The development is located on the Block 40/Lowertown site bounded �
by Fifth, Sixth, Sibley and Jackson Streets in St. Paul , Minnesota. �
The estimated principal amount of bonds or other obligations to �
be issued to finance the development is $10,000,000.
Said bonds or other obligations if and when issued will not
constitute a charge, lien or encumbrance upon any property of the HRA or
the City of Saint Paul (the "City") except the project and such bonds
or obligations will not be a charge against the HRA or the City's general ,
credit or taxing powers but are payable from sums to be paid by the
developers pursuant to a revenue agreement.
A draft copy of the proposed housing finance program, together �
with all attachments and exhibits thereto are available for public �
inspection beginning April 22, 1981 , from 9:00 o'clock a.m. to 4:00 o' clock i
p.m. , Monday through Friday, at the offices of the Development Division, '
Department of Planning and Economic Development, City Hall Annex, 12th �
floor.
At the time and place fixed for said Public Hearing, the City
Council of the City of Saint Paul , Minnesota will give all persons who
appear at the hearing an opportunity to express their views with respect �
to the proposal . '
�
Dated thi s �'day of �,(I r, I� , 1980.
BY ��-��� l � ��—S`�� ��
City Clerk '
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� ' � NOTICE OF A PUBLIC HEARING �����
ON A PROPOSAL
FOR A PROGRAM TO FINAPJCE A MULTI-FAMILY
OWNER OCCUPIED HOUSING DEVELOPMENT
To whom it may concern:
Notice is hereby given that the City Council of the City of
Saint Paul , Minnesota will meet at the City Council Chamber, City Hall
in the City of Saint Paul , Minnesota at 10:00 o'clock a.m. on May 5,
1981 , to consider the proposal of Mears Park Development Company, that
the Housing and Redevelopment Authority of the City of Saint Paul ("HRA")
assist in financing a development hereinafter described by the issuance
of housing revenue bonds.
Description of Development
The development consists of the construction of a multi-family
owner-occupied housing development of approximately 250 units.
The development is located on the Block 40/Lowertown site bounded
by Fifth, Sixth, Sibley and Jackson Streets in St. Paul , Minnesota.
The estimated principal amount of bonds or other obligations to
be issued to finance the development is $10,000,000.
Said bonds or other obligations if and when issued will not
constitute a charge, lien or encumbrance upon any property of the HRA or
� the City of Saint Paul (the "City") except the project and such bonds
or obligations will not be a charge against the HRA or the City's general
credit or taxing powers but are payable from sums to be paid by the
developers pursuant to a revenue agreement.
A draft copy of the proposed housing finance program, together
with all attachments and exhibits thereto are available for public
inspection beginning April 22, 1981 , from 9:00 o'clock a.m. to 4:00 o' clock
p.m. , Monday through Friday, at the offices of the Development Division,
Department of Planning and Economic Development, City Hall Annex, 12th
floor.
At the time and place fixed for said Public Hearing, the City
Council of the City of Saint Paul , Minnesota will give all persons who
appear at the hearing an opportunity to express their views with respect
to the proposal .
�
Dated this ��day of /�,(I r, I� , 1980.
BY �����%� C��—,s�� ��
City Clerk '
- � NOTICE OF A PUBLIC HEARING �+ Av���
� � ON A PROPOSAL
� Z,;,`� FOR A PROGRAM TO FINANCE A MULTI-FAMILY
� OWNER OCCUPIED HOUSING DEVELOPMENT
To whom it may concern:
Notiee is hereby given that the City Council of the City of
Saint Paul , Minnesota will meet at the City Council Chamber, City Hall
in the City of Saint Paul , Minnesota at 10:00 o'clock a.m. on May 5,
1981 , to consider the proposal of Mears Park Developm�pt-`�Qmpany, that
the Housing and Redevelopment Authority of the City of Saint Paul ("HRA")
assist in financing a development hereinafter descritred by the issuance
of housing revenue bonds. ,��`
• ,.:
Description of Developr�e�t
��
The development consists of the construction of a mUlti-family
owner-occupied housing development of approximat�l�y 250 units.
The development is located on the Block 40/Lowertown site bounded
by Fifth, Sixth, Sibley and Jackson Streets in St. Paul , Minnesota.
The estimated principal amount.of bonds or other obligations to
be issued to finance the development is $10,000,000.
Said bonds or other obligations if and when issued will not
constitute a charge, lien or encumbrance upon any property of the HRA or
the City of Saint Paul (the "City") except the project and such bonds
or obligations will not be a charge against the HRA or the City's general
credit or taxing powers but are payable from sums to be paid by the �
developers pursuant to a revenue agreement.
A draft copy of the proposed housing finance program, together
with all attachments and exhibits thereto are available for public
inspection beginning April 22, 1981 , from 9:00 o' clock a.m. to 4:00 o' clock
p.m. , Monday through Friday, at the offices of the Development Division,
Department of Planning and Economic Development, City Hall Annex, 12th
floor.
At the time and place fixed for said Public Hearing, the City
Council of the City of Saint Paul , Minnesota will give all persons who
appear at the hearing an opportunity to express their views with respect
to the proposal .
�
Dated this ��"day of /�,�I r, I� , 1980.
BY ��-���l� ��-S�� ��
City Clerk '