PUBLIC
EXffiBIT A
e
NOTICE OF PUBLIC HEARING ON A PROPOSAL TO
ADOPT A HOUSING PLAN AND PROGRAMS TO FINANCE
MULTIFAMILY HOUSING DEVELOPMENT PROJECTS
UNDER MINNESOTA STATUTES, CHAPTER 462C, AS AMENDED
THE CITY OF HOPKINS, MINNESOTA
NOTICE IS HEREBY GIVEN that the City Council of the City of Hopkins,
Minnesota (the "City"), will meet on April 19, 1982, at 7:30 p.m. at the CIty offices
in Hopkins, Minnesota, for the purpose of conducting a public hearing on a proposal
that the City adopt a housing plan including two housing programs to sell revenue
bonds under Minnesota Statutes, Chapter 462C, as amended, in order to finance the
cost of two multifamily rental housing development projects (the "Projects") the
developers of which will be Mark Z. Jones & Associates and Centurion Company,
respectively. The proposed Projects will consist of the acquisition of land, the
construction of a building or buildings thereon and the installation of equipment in
connection therewith for use as residential rental apartment buildings. The bonds
shall be limited obligations of the City and the bonds and interest thereon shall be
payable solely from the revenues pledged to the payment thereof, except that such
bonds may be secured by a mortgage and other encumbrance on the project. No
holder of any such bonds shall ever have the right to compel any exercise of the
taxing power of the City to pay the bonds, or the interest thereon, nor to enforce
payment against any property of the City except the Project.
A draft copy of the proposed housing plan and programs is available for
inspection at the offIce of the City Clerk.
All persons interested may appear and be heard at the time and place set
forth above.
[Date of Publication]
BY ORDER OF THE CITY COUN CIL
OF THE CITY OF HOPKINS
e
BY
CIty Manager