HomeMy WebLinkAboutResolution No. 2002-100 Bond sale -- Volunteers of America -- Decmeber 3, 2002RESOLUTION NO. 2002-100
A RESOLUTION CALLING FOR A PUBLIC HEARING
ISSUE OF REVENUE BONDS ON BEHALF OF
VOLUNTEERS OF AMERICA CARE CENTERS, MINN
BE IT RESOLVED, by the City Council of the City of Edina,
follows:
1. VOA Care Centers, Minnesota, a Minnesota
nonprofit corporatiol
this Council of its desire to (i) finance
the acquisition by BC
facilities located in the City of Coon
apids, Minnesota, and
improvements thereto and the acquisition
and installation of
therein (the Project), and (ii) refund, the
outstanding Health Ca.
Bonds (Volunteers of America Care
Facilities
Projects), Series 1S
previously issued by the City on behalf
of
VOA, the proceeds of
refinance certain indebtedness incurred in
the acquisition, constri
of nursing home facilities of VOA in the Gity
and in the City of Cl
to provide funds for certain renovations,
expansion and in
through the issuance by the City of i revenue
bonds (the Reven-
authority of Minnesota Statutes, Sections
469.152 through 46�
principal amount not to exceed apprgxim
tely $11,000,000.
2. Section 469.154, Subd. 4 of the Act and
S
ction 147 (f) of the Intel
1986, as amended and regulations promulgated
thereunder, req
issuance of the Revenue Bonds, this Co
ncil approve the Bond
after conducting a public hearing thereon.
A public hearing on
the Revenue Bonds to finance the Prbjec
and refund the 1995 Bi
and shall be held on December 3, 200, at
7:090 P.M. at the City H
3. The City Clerk shall cause notice oft
public hearing, in st
attached hereto as Exhibit A, to be pub
ished in the Edina Sun
newspaper of the City and a newspaper
c
f general circulation in t
than 14 days prior to the date fixed fopr
the
public hearing.
Adopted by the City Council of the City d Edina on this 4th day
City Hall
4801 WEST 50TH STREET
EDINA, MINNESOTA 55424-1394
EXIB T A
CITY F EDINA
4801 WEST 50FH STREET
EDINA, MINN SOTA 55424
NOTICE OF PUBLI HEARING ON
THE ISSUANCE OF REVENUE BONDS
1
N AN
SOTA
(the City), as
(VOA), has advised
k of assisted living
the construction of
tems of equipment
L- Facilities Revenue
)5 (the 1995 Bonds),
which were used to
ction and equipping
7stal, Minnesota and
provements thereto
e Bonds) under the
165 (the Act), in a
i1 Revenue Code of
re that prior to the
and the refunding,
e proposal to issue
Lds is hereby called
tantially the form
arrent, the official
City, once not less
November, 2002.
(952) 927-8861
FAX (952) 826-0390
TDD (952) 826-0379
UNDER MIN E TA STATUTES
SECTION 469.152 - 469-165
NOTICE IS HEREBY GIVEN that th Cily Council of the City of
City), will meet on December 3, 2002, at :00 Yclock P.M., at the Citi
Street, in Edina, Minnesota, for the purpos of conducting a public hear!
it issue revenue bonds (the Revenue Bond ) or. behalf of VOA Care Cc
Corporation), in one or more series, and r blinnesota Statutes, Sect
469.165, in order to (i) finance the acquisi on y the Corporation of as
located at 1770 113 Lane N.W. and 11372 obi son Drive N.W. in the
Minnesota and the construction of improv e is thereto and the acqui
of items of equipment therein (the Projec a (ii) refund, in whole
outstanding Health Care Facilities Reven e B nds (Volunteers of Ar
Projects), Series 1995 which were issued t re inance certain indebtec
acquisition, construction and equipping o nursing home facilities to
Avenue South in the City and at 3245 V ra ruz Avenue North in
Minnesota and to provide funds for cer ain renovations, expansion
thereto. The maximum aggregate amount f the proposed Revenue E
finance the Project and refund the 1995 Bon s is $11,000,000.
All persons interested may appear a d b heard at the time and
or may file written comments with the Ci Clerk prior to the date of
above.
Dated: November 4, 2002.
ATTEST: C J ILL, e
City Clerk 17 May
STATE OF MINNESOTA )
COUNTY OF HENNEPIN )SS
CITY OF EDINA )
CERTIFIC,�
I, the undersigned duly appointed and
certify that the attached and foregoing
Council at its Regular Meeting of Novem
Regular Meeting.
WITNESS my hand and seal of said City thi
dina, Minnesota (the
Hall, 4801 West 50th
lg on a proposal that
iters, Minnesota (the
)ns 469.152 through
,isted living facilities
--ity of Coon Rapids,
ition and installation
)r in part, the City's
Lerica Care Facilities
ness incurred in the
ated at 6200 Xerxes
the City of Crystal,
and improvements
)nds to be issued to
set forth above,
hearing set forth
lg ity Clerk for the City of Edina do hereby
of tion was duly adopte by the Edina City
4, 002, and as recorded i the Minutes of said
2
day of
,20
City Clerk