Resolution 82-3033- Approval of Revenue BondsCITY OF HOPKINS
Hennepin County, Minnesota
RESOLUTION NO. 82 3033
GIVING PRELIMINARY APPROVAL TO THE
ISSUANCE OF REVENUE BONDS UNDER MINNESOTA
STATUTES, CHAPTER 462C (THE "ACT AND
AUTHORIZING THE PREPARATION OF A HOUSING
PLAN AND HOUSING PROGRAM AND /OR
AMENDMENTS THERETO PURSUANT TO THE ACT
WHEREAS, pursuant to Minnesota Statutes, Chapter 462C (the "Act the
City Council of the City of Hopkins (the "City" is authorized to adopt a housing
plan and carry out housing programs for the financing of multi family housing
projects for persons of low and moderate income; and
WHEREAS, a proposal to finance a multi family housing project (the
"Project located on a portion of Lot 76, Auditor's Subdivision Number 239, in
Hennepin County has been presented to this City Council by West Side Village II, a
Minnesota general partnership; Mark Z. Jones II, a general partner of West Side
Village II; The Luther Company Limited Partnership, a Minnesota limited
partnership and general partner of West Side Village II; and Rudy Luther, a general
partner of The Luther Company Limited Partnership; and
WHEREAS, the participation of the City in the housing program to finance
the Project would result in the addition of new units of low and moderate income
housing to the City;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY THAT:
1. The issuance of revenue bonds under the Act in an amount not in
excess of 2, 000to finance the construction and permanent financing of the
Project is hereby given preliminary approval.
2. The preparation of a housing plan (the "Plan and /or an amendment
to an existing Plan and the preparation of a housing program with respect to the
Project are hereby authorized. The staff of the City is hereby authorized to assist
in the preparation of the Plan or amendment to the Plan, and the preparation of
the housing program.
Passed and adopted by the Council of the City of Hopkins, Minnesota
ROBERT F. MILLER
Mayor
at a regular meeting held the 2nd day of November 1982,'
J. SCOTT RE1
City Clerk
JOSEPH C. VESELY
City Clerk