HomeMy WebLinkAboutResolution No. 2024-114 Approving HRA & St. Paul Childrens Healthcare Bonds IssuanceRESOLUTION NO. 2024-114
APPROVING THE ISSUANCE OF BONDS BY THE CITY OF MINNEAPOLIS
AND HOUSING AND REDEVELOPMENT AUTHORITY OF THE CITY OF
SAINT PAUL ON BEHALF OF CHILDREN'S HEALTH CARE UNDER
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 Children's Health Care, a Minnesota nonprofit
corporation (the "Corporation"), that the City of Edina authorize the City of Minneapolis and Housing and
Redevelopment Authority of the City of Saint Paul, acting jointly (the "Issuer") to issue bonds under Minnesota
Statutes, Sections 469.152 through 469.165 (the "Act") for the purpose of, among other things, financing the cost
of a proposed project located within the City (the "Edina Project") on behalf of the Corporation, consisting of the
acquisition of information technology equipment to be located at 5901 Lincoln Drive in the City of Edina.
1.2 At a public hearing held on the date hereof, all parties who appeared at the hearing were
given an opportunity to express their views with respect to the proposal that the Issuer issue revenue bonds under
the Act to for the purposes described in Section 1.1, 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 Issuer, pursuant to the Act in a principal amount of up to
$221,000,000, for purposes including the Edina Project, is hereby consented to and approved. The terms of the
bonds shall be as are approved by the Issuer.
2.2. The Mayor and City Clerk and other officers of the City of Edina are authorized and directed
to furnish to the Corporation, the Issuer and the attorneys rendering an opinion on the issuance of the bonds by
the Issuer, 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.
CITY OF EDINA
4801 West 50th Street • Edina, Minnesota 55424
EdinaMN.gov • 952-927-8861
Resolution No. 2024-114
uncil of the City of Edina this 3rd ecennber, 2024.
haron AI eon, City Clerk James B. Hovland, Mayor
STATE OF MINNESOTA)
COUNTY OF HENNEPIN )
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
December 3, 2024, and as recorded in the Minutes of said Regular Meeting.
WITNESS my hand and seal of said City this day of
2024.
Sharon Allison, City Clerk