HomeMy WebLinkAboutResolution No. 2024-95 Public Hearing on Issue of Revenue BondsRESOLUTION NO, 202 FOR A PUBLIC
HEARING ON AN ISSUE OF REVENUE BONDS BY THE CITY
OF MINNEAPOLIS AND THE HOUSING AND
REDEVELOPMENT AUTHORITY OF THE CITY OF ST. PAUL
ON BEHALF OF CHILDREN'S HEALTH CARE
BE IT RESOLVED by the City Council of the City of Edina, Minnesota (the "City"), as
follows:
1. Children's Health Care, a Minnesota nonprofit corporation ("Children's"), has advised
this Council of its desire to finance, with proceeds of revenue bonds (the. "Bonds") issued by the
City of Minneapolis, Minnesota .and The Housing and Redevelopment Authority of the City of
Saint Paul, Minnesota, acting jointly (together, the "Issuer"), under the authority of Minnesota
Statutes, Sections 469.152 through 469.165, eligible projects of Children's, including but not
limited to acquisition of information technology 'equipment to be located at 5901 Lincoln Drive in
the City.
2. Since a portion of the facilities proposed to be financed by the Bonds are located in the
City. Section 147(f) of the Internal Revenue Code of 1986, as amended, and regulations.
promulgated thereunder, and Minnesota Statutes, Section 471.656 require that prior to the issuance
of the Bonds, this Council approve the issuance of the Bonds by the Issuer, after conducting
public hearing thereon. A public hearing on the proposal that the Issuer issue the Bonds is hereby
called and shall be held on December 3, 2024, at 7:00 P.M., at City 'Hall, 4801 West 50th Street.
3. The City Clerk shall cause notice of the public hearing, in substantially the form attached
hereto as Exhibit A. to be published in a newspaper of general circulation in. the City, once not
fewer than 7 days prior to the date fixed for the public hearing.
4357-5061-27201
CITY OF EDINA
4801 West 50th Street • Edina, Minnesota 55424
www.EdinaMN.gov • 952-927-8861 • Fax 952-826-0390
Adopted by the City Council of the City of Edina on this 6th - y November, 2024,
Attest:
James B. Hovland, Mayor
The motion for adoption of the foregoing resolution was duly seconded by
Councilmember , and upon vote being taken thereon the following voted in favor
thereof: -745,1e„,—..) "Tct.c...iCirJr1 ekss,:s-
and the following voted against the same:
whereupon said resolution was declared duly passed and adopted.
2
4857-5061-2720%1
EXHIBIT A
CITY OF EDINA
4801 WEST 50TH STREET
EDINA, MINNESOTA 55424
NOTICE OF PUBLIC HEARING ON THE ISSUANCE OF REVENUE BONDS
UNDER MINNESOTA STATUTES, SECTIONS 469.152 TO 469.165,
ON BEHALF OF CHILDREN'S HEALTH CARE
NOTICE IS HEREBY GIVEN that a public hearing shall be conducted by the City Council
of the City of Edina, Minnesota (the "City"), at the City Hall, 4801 West 50th Street in the City, on
December 3, 2024, at 7:00 p.m., on a proposal that the City of Minneapolis and The Housing and
Redevelopment Authority of the City of Saint Paul, Minnesota, acting jointly (together, the
"Issuer"), issue revenue bonds (the "Bonds") on behalf of Children's Health Care, a Minnesota
nonprofit corporation (the "Corporation"), in one or more tax-exempt series, pursuant to
Minnesota Statutes, Sections 469.152 to 469.165, in order to finance eligible projects of
Children's, including but not limited to acquisition of information technology equipment to be
located at 5901 Lincoln Drive in the City of Edina (the "Edina Project").
The Bonds will not be issued by the City. The Bonds will be issued as part of an issue in
an aggregate amount which is not expected to exceed $221,000,000, and the portion of the Bonds
allocable to the Edina Project is not expected to exceed $3,000,000.
All persons interested may appear and be heard at the time and place set forth above, or
may submit written comments with the City Clerk prior to the date of the hearing set forth above.
Dated: November 6, 2024.
CITY OF EDINA, MINNESOTA
By s/ Sharon Allison
City Clerk
4857-5061-2720',1