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275871 WHITE - CITY CLERK �`' J[����' PINK - FINANCE COURCIl • �1,7 � C.4NARY - DEPARTMENT G I T Y O F S A I N T PA U L � BLUE - MAYOR .._._� File N . o ncil Resolution Presented B ' � Referred To Committee: Date Out of Committee By Date Resolution No. RESOLUTION CALLING FOR A PUBLIC HEARING ON A PROPOSAL FOR A PROGRAM FOR A MUI�TI-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 5AID HEARING. (Wilder Foundation/Energy Park) WHEREAS, (a) Minnesota Statutes, Chapter 462C (the "Act") authorizes cities, or port 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 mixed housing developments within the boundaries of the city; (b) The Port Authority of the City of Saint Paul (the "Authority") has been designated, by ordinance, to exercise, on behalf of the City of Saint Paul, Minnesota, the powers conferred by the Act upon specific approval of the City Council; (c) The Authority has received from Wilder Foundation, a Minnesota nonprofit corporation, (the "Developer") a proposal that the Authority undertake a program to finance a multi-family mixed housing development by the issuance of its revenue bonds (which may be in the form of a single debt instrument) pursuant to the Act; COUIVCILMEN Requestgd by Department of: Yeas N ays Hunt �� � Levine In Favo[ Maddox McMahon sr,o,,,,eite� __ Against BY Tedesco Wilson Adopted by Council: Date Form Ap ed by City Attor i Certified Yassed by Council Secretary By �Q r�� ��b By, Approved by :Nayor: Date _ Approved by Mayor for Submission to Council By _ _ BY � , , NOTICE OF PUBLIC HEARING ON A PROPOSAL � FOR A PROGRAM TO FINANCE A MIXED � � �7�� HOUSING DEVELOPMENT � / TO WHOM IT MAY CONCERN: '� � i Notice is hereby given that the ;City Council of the City of I Saint Paul, Minnesota, will meet at the City Council Chambers, � City Hall, in the C�ty of Saint Paul, Minnesota, at 10:00 o' clock 'i A.M. , on November 4�, � 1980, to consider the proposal of Wilder !I Foundation, a Minnesota nonprofit corporation, that the Port , Authority of the City of Saint Paul ( "Authority") assist in fi- ' nancing a development hereinafter described by the issuance of housing revenue bonds. Description of Development The development consists of the construction of a multi-family mixed housing development of approxi- mately 950 units together with parking facilifties which are functionally related and subordinate thereto. The development is located on the Energy Park site and the Trailer-on-Flat-Car Yard west of Snelling and north of Pierce Butler Route and on the site presently occupied by Midway Stadium. The estimated principal amount of bonds or other obligations to`-�e�yissued to finance the development is $61, 000, 000. I r Said bonds or other obligations if and when issued will not constitute a charge, lien or encumbrance upon any property of the Authority or the City of Saint Paul (the "City") except the project and such bonds or obligations will not be a charge against the Author�ty' s or the City' s general credit or taxing powers, but are payabie from sums to be paid by the developers pursuant to a reve- nue agreement. A �draft copy of the proposed housing finance program, together with all attachments and exhibits thereto, are available for public inspection beginning October 24, 1980, from 9:00 o' clock A.M. to 4:00 o' clock P.M. , Monday through Friday, at the offices of the Authority, City Hall Annex, 13th 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 �"� e day of , 1980. � By—_ �`"�� �!l�I.ISME�1. N�� � ���f� City Clerk WMITE - CITY CLERK PINK - FINANCE C�4NAR1P� - DEPARTMENT G I T Y O F S A I N T PA U L COUflC1I BLUE - MAYOR File N . Council Resolution Presented By Referred To Committee: Date Out of Committee By Date 2. (d) Before proceeding with consideration of the request of the Developer it is necessary that a public hearing be held pursu- ant to Section 462C.05, Subdivision 5, of the Act; now, therefore, be it RESOLVED BY THE CITY COitJJNCIL of the City of Saint Paul, Minnesota as follows: 1. A public hearing to consider the proposals of the Developer will be held �t the City Council Chambers, City Hall, at 10:00 A.M. on November �,1 1980. 2. The general nature of the proposals and the estimate of the principal amount of housing bonds to be issued to finance the pro- posals are described in the form of Notice of Hearing hereto attached. 3. The Notice of said public hearing sha11 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. COUIVCILMEIV Requestgd by Department of: Yeas Nays Hunt Levine In Favor Maddox McMahon s�,o,�,eite� __ Against BY Tedesco Wilso Form Ap roved by City Attorney Adopt by Counci . Date �� l • l�c I� �! �/ rtified •.sed by oun .il Secret y BY By Approve y � or: D te C 3 � 198� Approved by Mayor for Submission to Council . By � _ — BY ��rs��o N OV l 1984 �.v J�F.�' '` :� � Y �'�� ��"° ., Yc � :t � ! . ,� M . i. z,� .. � t vf�. x � v ae��F. 9 ef .. � - t-a e i " ° 1 .r"!� ft 4(i�'T� i a.�0 �x Y. �t'� t - �:����,�F, ��� 4` k !. ]t ` 5 ! } ��i � + `r. _X 1!.. "�';I dy iL�"' �' , • � , ��. 22/1975 � � t '� 1 e-� f.`, �� ��` �.✓ i :,.v 7Y}`f.:9'. ¢:� �Y � � � G���z�$�x� :. 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