HomeMy WebLinkAboutResolution No. 2005-024 Approve Issuance of Rev Bonds by Mpls for Fairview Health Svcs Bd w91N�— , I�
RESOLUTON NO. 2005-24
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APPROVING THE ISSUANCE OF BONDS BY THE CITY City of Edina
OF MINNEAPOLIS ON BEHALF OF FAIRVIEW HEALTH
SERVICES UNDER THE MINNESOTA STATUTES,
SECTIONS 469.152 TO 469.165
BE IT RESOLVED by the City Council of the City of Edina, Minnesota(the
"City of Edina'), as follows:
SECTION 1
Recitals and Findings
1.1. This Council has received a proposal from Fairview Health Services, a
Minnesota nonprofit corporation ("Fairview"), that the City of Edina authorize the City of
Minneapolis, Minnesota (the "City of Minneapolis") to issue bonds under Minnesota
Statutes, Sections 469.152 through 469.165 (the "Act") to finance the remodeling of portions
of Fairview Southdale Hospital in the City, and the acquisition and installation of items of
equipment therein (the "Project"), and to refund the Health Care System Revenue Bonds,
Series 1997 (Fairview Hospital and Healthcare Services) and the Health Care System
Revenue Bonds, Series 2000A (Fairview Health Services) of the Minnesota Agricultural and
• Economic Development Board (the "Refunding"), a portion of the proceeds of which were
used finance improvements to Fairview Southdale Hospital and the acquisition and
installation of items of equipment therein .
1.2. At a public hearing held on April 5, 2005, all parties who appeared at the
hearing were given an opportunity to express their views with respect to the proposal to
finance the Project and provide for the Refunding through the issuance of revenue bonds
under the Act by the City of Minneapolis and interested persons were given the
opportunity to submit written comments to the City Clerk before the time of the hearing.
SECTION 2
Approvals
2.1. The issuance of bonds by the City of Minneapolis, pursuant to the Act to
finance the Project and provide fro the Refunding, is hereby consented to and approved.
The terms of the bonds shall be as are approved by the Minneapolis City Council.
2.2. The Mayor and City Manager and other officers of the City of Edina are
authorized and directed to furnish to Fairview, the City of Minneapolis and the attorneys
rendering an opinion on the issuance of the bonds, certified copies of all proceedings and
records of the City of Edina relating to the bonds and such other affidavits and certificates
as may be required to show the facts relating to the legality and marketability of the bonds
as such facts appear from the books and records in the officer's custody and control or as
otherwise known to them; and all such certified copies, certificates and affidavits, including
any heretofore furnished, shall constitute representations of the City of Edina as to the truth
• of all statements contained therein.
Adopted this 5th day of April,2005.
City Hall 1 952-927-8861
4801 WEST 50TH STREET FAX 952-826-0390
EDINA, MINNESOTA, 55424-1394 www.cityofedina.com TTY 952-826-0379
. ATTEST: :
City Clerk Mayor
STATE OF MINNESOTA )
COUNTY OF HENNEPIN )SS
CITY OF EDINA )
CERTIFICATE OF CITY CLERK
I, the undersigned duly appointed and acting City Clerk for the City of Edina do hereby
certify that the attached and foregoing Resolution was duly adopted by the Edina City
Council at its Regular Meeting of April 5, 2005, and as recorded in the Minutes of said
Regular Meeting.
WITNESS my hand and seal of said City this�4ay j of AA, 20 .
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