Laserfiche WebLink
'ity of <br /> <br />River <br /> <br />MEMORANDUM <br /> <br />Item #4.1. <br /> <br />TO: <br />FROM: <br />DATE: <br />SUBJECT: <br /> <br />Mayor & City Council <br /> <br />Lori Johnson, Finance Director <br /> <br />January 24, 2000 <br /> <br />Guardian Angels Public Hearing <br /> <br />At the Januaryl0 City Council meeting, the City Council approved a resolution <br />giving preliminary approval to and calling for a public hearing on revenue <br />bonds to be issued by the city on behalf of Guardian Angels for the Evans Park <br />project and a project in the city of New Hope. I have received notice from bond <br />counsel that the resolution awarding the sale and all of the necessary paper <br />work that was scheduled to be considered on Monday has not yet been <br />completed. Therefore, at Monday's meeting the City Council should simply <br />hold the public hearing to take input on the issuance of the bonds. No other <br />action will be required until bond counsel for Guardian Angels has prepared <br />all of the appropriate documents and the city's bond counsel has had an <br />opportunity to review and approve those documents. <br /> <br />Action Requested <br /> <br />The City Council is to hold a public hearing on the proposed housing program, <br />housing facility projects, and proposed issuance of revenue bonds in the <br />amount of $10 million for Evans Park and St. Therese housing projects. No <br />other action is required at this time. <br /> <br />s: \ council \ hsgbonds, 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 />