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~ity of <br /> <br />iver <br /> <br />MEMORANDUM <br /> <br />Item #4.4. <br /> <br />TO: <br /> <br />FROM: <br /> <br />DATE: <br /> <br />SUBJECT: <br /> <br />Mayor & City Council <br /> <br />Lori Johnson, Finance Director <br /> <br />March 20, 2000 <br /> <br />Consider Resolution Giving Final Approval to the Housing <br />Program of Evans Park, Inc. and the Issuance and Sale of <br />Revenue Bonds Therefore <br /> <br />Attached is a resolution that, when approved, awards the sale of CareChoice <br />revenue bonds in an amount not to exceed $3,500,000. Previously Guardian <br />Angels and St. Therese Home of New Hope were jointly issuing bonds; <br />however, St. Therese has withdrawn its request. Therefore, this issue is only <br />for Guardian Angels projects in Elk River. Representatives from Guardian <br />Angels will be present on Monday to address any issues the council may have. <br /> <br />Action Requested <br /> <br />The City Council is asked to consider the attached Resolution Giving Final <br />Approval to the Housing Program of Evans Park, Inc. and the Issuance and <br />Sale of Revenue Bonds Therefore. <br /> <br />s: \ council \ carchcbd.doc <br /> <br />13065 Orono Parkway · P.O. Box 490 · Elk River, MN 55330 · TDD & Phone: (612) 441-7420 · Fax: (612) 441-7425 <br /> <br /> <br />