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-~ of <br /> <br />Item #6.2. <br /> <br />TO: <br /> <br />FROM: <br /> <br />DATE: <br /> <br />SUBJECT: <br /> <br />Mayor and Council <br /> <br />Lori Johnson, Finance Director <br /> <br />July 10, 2000 <br /> <br />Consider Resolution Approving the Issuance and Sale <br />of Multifamily Housing Revenue Bonds to Provide Funds <br />for a Multifamily Housing Project on Behalf of West <br />Suburban Housing Partners II Limited Partnership <br /> <br />In April, the City Council approved a resolution providing for the issuance and <br />sale of the above referenced bonds to provide $3,600,000 for several apartment <br />projects in Elk River. Attached is the final resolution needed to complete the <br />bond issuance for these projects. As a reminder, the city is in no way <br />responsible for this debt obligation and it does not affect the city's bond rating <br />or outstanding debt. <br /> <br />Action Requested <br />The City Council is asked to consider the attached resolution approving the <br />issuance and sale of multifamily housing revenue bonds to provide funds for <br />multifamily housing projects on behalf of West Suburban Housing Partners II <br />Limited Partnership. <br /> <br />s: \ council \ housbond.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 />