1993-079
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CITY OF HOPKINS
HENNEPIN COUNTY, MINNESOTA
RESOLUTION: 93-79
RESOLUTION APPROVING THE IMPLEMENTATION
OF THE HENNEPIN COUNTY COMMUNITY
PROVIDERS FINANCING PROGRAM
WHEREAS, the Hennepin County Housing and Redevelopment Authority
has adopted a financing program known as the County Community
Providers Program designed to provide financial assistance to
qualified providers of community services under contract to Hennepin
County by making available low-cost loans from a County Community
Providers Program Common Bond Fund for the following purposes related
to physical plant and facilities:
1. Refinancing of existing debt;
2. Funds for acquisition of facilities for county authorized
new or expansion programs;
3. Acquisition of facilities currently being leased by the
qualified service provider; or
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4. Acquisition of facilities to replace leased facilities.
WHEREAS, West Suburban Adult Day Care Inc. - D.B.A. Open Circle
("Service Provider") is a provider of community services under
contract with Hennepin County with a facility located in the City of
Hopkins; and
and
WHEREAS, Service Provider wishes to participate in the Program;
WHER~A'S, Minnesota Statutes Chapter 383B.77, Subd. 3, requires
that this City, Council ,must approve a project undertaken by the
Hennepin County Housing and Redevelopment Authority before such a
project may be und~rtaken within this City; and
WHEREAS, The County Community Providers Program is a project,
the implementation of which in this City is subject to the approval. of
this city Council; and
WHEREAS, it is deemed in the best interest of this community to
approve the Hennepin County Housing and Redevelopment Authority's
implementation of the County Community Providers Program in this
community as an approved project.
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Resolution 93-79
Page 2
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NOW, THEREFORE, be it resolved by the City council of Hopkins as
follows:
Pursuant to Minnesota statutes Chapter 383B.77, Subd. 3, the City
council approves the County Community Providers Program as a
project and approves of the issuance of County Community
Providers Program common revenue bonds by the Hennepin County
Housing and Redevelopment Authority to facilitate the
implementation of the Hennepin County Community Providers Program
in this city, subject to the following requirements:
A. That this City retain its jurisdiction over all issues of
local concern relating to zoning, land usage, building code
requirements and compliance with all applicable City codes
and ordinances.
B. That repayment of the obligations represented by the common
revenue bonds will be made solely from revenues derived from
the project.
C.
That the full faith and credit of this City will not be
pledged in any fashion as a source of repayment of said
obligation represented by County Providers Program common
revenue bonds.
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Adopted this 3rd day of August, 1993.
Carles D. Redepenning, Ma r
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