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RESOLUTION NO. 2002-100 <br />A RESOLUTION CALLING FOR A PUBLIC HEARING <br />ISSUE OF REVENUE BONDS ON BEHALF OF <br />VOLUNTEERS OF AMERICA CARE CENTERS, MINN <br />BE IT RESOLVED, by the City Council of the City of Edina, <br />follows: <br />1. VOA Care Centers, Minnesota, a Minnesota <br />nonprofit corporatiol <br />this Council of its desire to (i) finance <br />the acquisition by BC <br />facilities located in the City of Coon <br />apids, Minnesota, and <br />improvements thereto and the acquisition <br />and installation of <br />therein (the Project), and (ii) refund, the <br />outstanding Health Ca. <br />Bonds (Volunteers of America Care <br />Facilities <br />Projects), Series 1S <br />previously issued by the City on behalf <br />of <br />VOA, the proceeds of <br />refinance certain indebtedness incurred in <br />the acquisition, constri <br />of nursing home facilities of VOA in the Gity <br />and in the City of Cl <br />to provide funds for certain renovations, <br />expansion and in <br />through the issuance by the City of i revenue <br />bonds (the Reven- <br />authority of Minnesota Statutes, Sections <br />469.152 through 46� <br />principal amount not to exceed apprgxim <br />tely $11,000,000. <br />2. Section 469.154, Subd. 4 of the Act and <br />S <br />ction 147 (f) of the Intel <br />1986, as amended and regulations promulgated <br />thereunder, req <br />issuance of the Revenue Bonds, this Co <br />ncil approve the Bond <br />after conducting a public hearing thereon. <br />A public hearing on <br />the Revenue Bonds to finance the Prbjec <br />and refund the 1995 Bi <br />and shall be held on December 3, 200, at <br />7:090 P.M. at the City H <br />3. The City Clerk shall cause notice oft <br />public hearing, in st <br />attached hereto as Exhibit A, to be pub <br />ished in the Edina Sun <br />newspaper of the City and a newspaper <br />c <br />f general circulation in t <br />than 14 days prior to the date fixed fopr <br />the <br />public hearing. <br />Adopted by the City Council of the City d Edina on this 4th day <br />City Hall <br />4801 WEST 50TH STREET <br />EDINA, MINNESOTA 55424-1394 <br />EXIB T A <br />CITY F EDINA <br />4801 WEST 50FH STREET <br />EDINA, MINN SOTA 55424 <br />NOTICE OF PUBLI HEARING ON <br />THE ISSUANCE OF REVENUE BONDS <br />1 <br />N AN <br />SOTA <br />(the City), as <br />(VOA), has advised <br />k of assisted living <br />the construction of <br />tems of equipment <br />L- Facilities Revenue <br />)5 (the 1995 Bonds), <br />which were used to <br />ction and equipping <br />7stal, Minnesota and <br />provements thereto <br />e Bonds) under the <br />165 (the Act), in a <br />i1 Revenue Code of <br />re that prior to the <br />and the refunding, <br />e proposal to issue <br />Lds is hereby called <br />tantially the form <br />arrent, the official <br />City, once not less <br />November, 2002. <br />(952) 927-8861 <br />FAX (952) 826-0390 <br />TDD (952) 826-0379 <br />