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HomeMy WebLinkAbout1985 CUP & Housing Program - City Council Agendas & Minutes }, ; \\, AGENDA , U17-,I CITY OF OAK PARK HEIGHTS MONDAY, SEPTEMBER 23, 1985 -- 7:00 P.M. I. Call to Order Public Hearings - City; Budget and Federal Revenue Sharing L. Hauge CUP'S 1) Buildin g Height ht ( 2) Elderly Housing in RB -Zone Wellington'Apts. CUP Continued. - Building:;Height -III. Vi '3itors . . IV. Old Business Forfeitures; Adopt'1985 Uniform Building Code Ordinance #308 - Water Drainage & Land Fill Schedule Public Hearing Ordinance #401 Accessory Bldgs V. Departmental Reports Torgerson Administration' Carufel - Utilities Doerr - Parks O'Neal - Streets Sommerfeldt Police 'I. New Business Resolution Adopting 1985/1986 pity Tax Levy Resolution Adopting max Levy for Storm Sewer Improvement Dittrist #1 - $25,623.08 - District Alternate. Water Shed Di VII. Correspondence Presentecl, N. W. Bell #30375 Buried Cable Metro Waste -,Inflow/Infiltration: Problems Wash CO-. ,Publ'ic Health - Composting Site - ' s. 4 ... # * • • 1 City of Oak Park HEIGHTS Minutes of meeting held Monday, September 23, 1985 Page three - 10 Roll call vote taken with 3 aye votes cast. Carried. Doerr arrived at 7 :30P.M. Wellington Apartments CUP hearing continued with developer to apply for PUD. O'Neal, seconded by Torgerson, moved to schedule a public hearing Tuesday October 15, 1985 at 7 :30 P.M. 4 aye votes. Carried. Clerk read public hearing notice, presented affidavit of publication and mailing list for request from L. Hauge for two CUP's. Discussion ensued. O'Neal, seconded by Doerr, moved to continue above hearing October 15, 1985 at 7 : 30 P.M. Developer to make application for subdivision this week with hearing scheduled same as above. 4 aye votes. Carried. Torgerson, seconded by O'Neal, moved to rent sod cutter for Parks Department. 4 aye votes. Carried. O'Neal, seconded by Doerr, moved to adopt Resolution #85-9-21 establishing property tax levies collectable 1986 at $675,000. Roll call vote with 4 aye votes. Resolution adopted. O'Neal, seconded by Doerr, moved to adopt Resolution #85-9-22 Pamending the adopted schedule of repayment by tax levy for the Oak Park Heights Storm Sewer Tax Improvement District No. 1 in the amount of $25,623.00. Roll call vote with 4 aye votes. Resolution adopted. Mayor Sommerfeldt appointed Doerr as alternate to the Middle St. Croix River Water Management Organization. Doerr, seconded by Torgerson, moved to donate $500.00 from the Contingency Fund to the Youth Project. 4 aye votes. Carried. O'Neal, seconded by Doerr, moved to grant Northwestern Bell permission to place, construct and thereafter maintain buried telephone cable along boulevard on 61st Ct N at 7' from curb. 4 aye votes. Carried. O'Neal, seconded by Torgerson, moved to direct Clerk to certify special charge judgements and any unpaid utility bills as of September 30th to County .Auditor. 4 aye votes. _.Carr ati d O'Neal, seconded by Doerr, moved to transfer necessary funds from the Closed Bond Fund to cover overdrafts in the 1982 sewer and water improvement fund and the 1983 improvements. 4 aye votes. Carried. Doerr, seconded by Torgerson, moved to adjourn. 4 aye votes. Adjourned. La Vonne Wi son Administrator/Treasurer AGENDA CITY OF:OAK. PARK HEIGHTS TUESDAY, OCTOBER 15, 1985 7 :00 P.M. 'I. Call to Order II. Visitors III. Public Hearings - 7:30 P.M. Wellingto�};,,,Apts. - PUD - Hauge '- •Continue CUP' s & Subdivision Bond Resolution (Public Hearing Date) IV. Reveiw of Minutes - September 9th & 23rd V. Old Business Forfeitures Bridge Nelson Lights Cable TV VI, ' ,Departmental Reports Administration Torgerson Utilities - Carufel Parks Doerr ,` Streets - O'Neal Police - Sommerfeldt VII. New{,Business VRT Agreement Road Maintenance Workshop Recreation Salaries $1542. 75) from Contingency Fund VIII., Bills Presented for Approval & Treasurer' s Report - ., or IX. Correspondence Presented ' Magnus in &-'.Dieperink - Vaeate Wiiltam" street City Engineer Wendy' s Restaurant City cd'aarrfOrt 1r''SharePormula Metro:Waste, - 1986 ,:Wastewater -Flow' Independent Technologies, Inc. Springsted, :InC: .;," Ehlers &' . sSociates; Inc. 4 CITY OF OAK PARK HEIGHTS 10 MINUTES OF MEETING HELD OCTOBER 15, 1985 • Call to order at 7:00 P.M. by Mayor Sommerfeldt. Present: Torgerson, Carufel, Eckberg and Wilson. Absent: O'Neal and Doerr. • Torgerson, seconded by 'Carufel, moved to approve minutes of September 9th and 23rd 3 aye votes. Carried. Carufel, seconded by Torgerson, moved to adopt Resolution #85-10-23 authorizing City Attorney to file application for conveyance on forfeited properties described as Tract E now 58th St. N & Osman Ave. N. RLS #69 and Lot 16, Block 5 part lots 16-30 McMillan & Cooleys Add, (alley) . Roll call vote taken with 3 ,aye votes cast. Resolution adopted. Torgerson, seconded by Carufel, moved to authorize new street lights to be ihStalled - one on 57th St. and one on Peller ,Ave. 3 .aye votes. Carried. O'Neal arrived at 7:35 P.M. • Torgerson, seconded by Carufel, moved to approve bills as presented and investments. 4 aye votes. Carried. a clerk read public hearing notice, presented affidavit of publication WV andilailing list for request from Lawrence Hauge for a subdivision. Continued hearing on conditional use permits to be held at this time. MaYo4 called for comments. Torgerson,. seconded by O'Neal, moved to close thelhearing. 4 aye votes. Hearing closed. Carufel, Seconded by Torgerson, moved to approve the above subdivision request. Roll call vote taken with 4 aye votes. Approved. O'Neal, seconded by Torgerson, moved to approve above conditional use permits. Roll call vote taken with 4 aye votes. Approved. Torgerson, seconded by Carufel, moved to schedule a public hearing Monday, November 4 , 1985 at 7:00 P.M. on proposal for a program to financeamulti-fatily -rental4fAusing development. 4 aye votes. Carried, • Clerk read public hearing notice, presented affidavit of publication and mailing list fpr:;e4fiest frOi.. S .Wager Ws. , Inc. for a Planned Unit Development. : Nayor called fOr',commen:8s. Carufel, seconded by O'Neal, moved to close the hearing.. Carufel, seconded by lockttersdn, moved to adopt Resolution #85*10- 24 0 . approving the Wellington PUD contingen upon Attorney approval ot. development agreement and final document recording. Roll call vote taken with 4 aye votes cast. Resolution adopted. • • CITY OF OAK PARK HEIGHTS MINUTES OF MEETING HELD NOVEMBER 4 , 1985 Mayor called' meeting to order at 7:00 P.M. present: • CarufeI, Doerr, O'Neal, Eckberg and Wilson. Absent: Torgersofi Clerk read hearing notice and presented affidavit of pIication on proposal for a program to', finance a multi-family recta housing development - Hauge project. Mayor called for eoliments. Discussion ensued. Carufel, seconded by Doerr, moved to close the hearing on the bond issue and continue hearing . on :the housing program- Monday,. November 25, 1985. 4 aye votes. Carried. O'Neal, seconded by, Doerr., moved to adopt Resolution.. identified as number #571B reciting a proposal for a financing grogram for a multi-family rental housing development, giving pre- ' liminary approval to the project and the program puril nt to Minnesota Statues, Chapter 462C, authorizing:, the issuance • of Housing Revenue Bonds and authorizing the submission of ..' financing program for approval to the Minnesota' HouSing Finance Agency and. authorizing the preparation ©f nece nary mk documents and materials in connection with the said prajedt IP and program. Hauge Project. Roll call vote taken with fve ' 7 ayes cast. Resolution adopted. O'Neal, seconded by Carufel, moved to adjourn. 4 aye 'lvotes. Adjourned. L Vonne ilson Administrator/Treasurer AGENDA CITY OF OAK PARK HEIGHTS TUESDAY, NOVEMBER 12 , 1985 -- 7: 00 P.M. 4 I. Call to Order :c- (4` ) II. Public Hearings Willie Street Vacation: �/ Hauge Project - Housing Program Continued Ordinance #.401.03B5 (g) Accessory Buildings Continued III. Visitors Sunnyside Residents IV. Review of Minutes - October 15th & 28th • V. Old Business St. Croix. Bowl Light - Upper 56th Street VI. Departmental Reports Administration - Torgerson • Utilities - Carufel Parks - Doerr Streets - O'Neal Police - Sommerfeldt VII. New Business Delta Dental Increase Wall Sign - Rapid Oil VIII. Bills Presented for Approval & Treasurer's Report IX. Correspondence Presented City Engineer -I`Water .& Sewer. Rate Review Washy. ° Co. PI 1 a Lb °Works System.; study Committee Deborah Hail Wastes Plant City Engineer 1986 Rates ,. o ** FIRE CONTRACT MEETING-BAYPORT FIRE HALL-7':00 P.M. Monday., November 18th • CITY OF OAK PARK HEIGHTS MINUTES OF MEETING HELD NOVEMBER 12, 1985 Call to order by Mayor Sommerfeldt at 7 :00 P.M. Present: O'Neal, Torgerson, Carufel, Eckberg and Wilson. Absent: Doerr. Clerk read public hearing notice and presented affidavit' of- publication for Willim Street vacation. Mayor called for comments. O'Neal, seconded by Torgerson, moved to close hearing. 4 ayes • : votes. Hearing closed. On motion from Carufel and seconded by O'Neal, above street vacation was approved. Roll call with 4 aye votes. Carried. O'Neal, seconded by Carufel, moved to continue hearing on accessory buildings Monday, December 9th. 4 aye votes. Carried. O'Neal, seconded by Torgerson., moved to approve minutes of October 15th and 28th as _:presented. 4 ;aye votes. Carried. 1 On motion of O'Neal and seconded by Carufel, approval to haul fly ash from the old prison site to NSP slag pit was granted to NSP contingent on PCA approval. 4 aye votes. * Carried. ` Torgerson, seconded by Carufel, moved to agree to temporary storage of 5 ,000 square feet of slag 'on r North ,side of M llroad. 4 aye votes Carried. Torgerson left at 8:00 P.M. - O'Neal, seconded by Carufel, moved to approve new location, for pylon sign and wall sign for Rapid Oil. 3 aye votes. Approved. Carufel, seconded by O'Neal, moved to approve Wendy' s signage. 3. aye votes. Carried. O'Neal, seconded by Carufel, moved to approve 1986 contract with Delta Dental. 3 aye votes. Carried. O'Neal, seconded by Carufel, moved to approve payment of bills as presented and investments. Details available at Clerk' s office. 3 aye votes. Carried. O'Neal, seconded by Carufel, moved to approve 1986 rate increases for City Engineer. 3 aye votes. Carried. Carufel, seconded by O'-Neal, `ndoved•to adjourn. 3 aye votes. Adjourned. ' iff-Vonne Wilson Administrator/Treasure AGENDA CITY OF OAK PARK HEIGHTS 111 MONDAY, NOVEMBER 25, 1985 6:55 ..p, M, I. Call or Order II. HRA Meeting III. Public Hearings Single Family Housing Bond Program Multi Family Housing Bond Program Hauge Housing Program (continued) IV. Visitors Laverne Bell V. Old Business Signs Water & Sewer Rate Review Satellite Dish Antennas VI. Departmental Reports Administration Torgerson Utilities - Carufel Parks - Doerr Streets - O'Neal, Police . Sommerfeldt VII. New Business Computer Implementation Schedule VIII. Correspondence Presented • -g. •x. .: • a1 ti r, r CITY OF OAK PARK HEIGHTS 411 MINUTES OF AMEETING HELD NOVEMBER 25 , 1985 HRA meeting called to order by Mayor Sommerfeldt at 6 :55 P.M,. Present: TorgersonyCarufel, Doerr, Eckberg and Wilson. Absent: O'Neal: Carufel, seconded by Torgerson, moved to grant Washington County HRA authority to issue and sell single family revenue bonds. 4 aye votes. Carried. Carufel, seconded by Torgerson, moved to close Meeting. 4 aye votes. Meeting closed. Clerk read public hearing notice and presented :affidavit : of- publication on a housing plan and a single family mortgage revenue bond program under Minnesota Statues, .Chapter 462C, as amended. Mayor called for comments. Doerr, seconded by Carufel, moved to close hearing. 4 aye votes . Hearing closed Carufel, seconded by Torgerson, moved to adopt Resolution #85-11-27 approving the above housing plan and bond program. Roll call vote taken with 4 ayes cast. Resolution adopted. Doerr, .seconded by Carufel, moved to adopt Ordinance #1700 delegating to the Washington County Housing and„Redevelopment Oh Authority certain powers of the City under Minnesota Statutes, ,> IF Chapter 464C. Roll call vote taken with 4 aye votes cast. Ordinance adopted. ` Clerk read public hearing notices and presented. affidavit of publication on housing plan and proposed multifamily housing revenue bona program under .Minnesota 'tiitues; Chapter 464C, as amended. Mayor called for comMents. Discussior4- elipued. Torgexsort, secoriaed `by Carufel, ' moved ,r.. e3,ose.-hearing._ ,.4 aye votes 'e Wearing closed. Carufel, seconded by Torgerson, moved to adopt Resolution #85-11,28_ anproving_f the above flouting,o3.an and bond program for Swager Brost,' Inc'': to construct 72 -.urfnits at estimated amount of $2, 800,000. Roll call vote with 4 aye votes. - Resolution adopted. ': �,.. Doerr:), Seconded by Torgerson, moved to moved- to adopt Ordinance-- authorizing Washington County :lin to issue and - sell bonds for multifamily housing with legal counsel approval. Roll call vote with 4 ayes cast. Ordinance adopted. City of Oak Park. Heights Minutes .of meeting held November 25, 1985 ' Page two - . Continued hearing on the Lawrence O. Hauge project. Mayor •� called for ed comments. Doerr, , seconded°b Torgerson, moved Y g � ; close'hearing. 4 aye votes. Hearing closed. Torgerson, seconded by Carufel, moved to adopt Resolution' Y#85-11-29 approving the multifamily housing program on above;.•: Hauge project tied in with the Washington County HRA plan. Roll call vote with 4 ayes cast. Resolution adopted. Torgerson, seconded'.by Doerr, moved to adopt Resolution ' #85-11-30 approving the multifamily housing plan. and bond program for Swager Bros. , Inc. to construct 20 units at estimated amount of $1,200,000. Roll call vote with 4 ayes cast. Resolution adopted. Carufel, gg by Torgerson, moved to adopt Resolution #85-11-31 g i �r�gRd water increases of. $1.00 oer _quarter plus $ . 07 per 1000 • gallons of 'usage over 15,000 gallons per quarter effective first quarter 1986 . Roll call vote with 4 ayes cast. Resolution adopted. Torgerson, seconded by Carufel, moved to accept propose language to amend the Joint & Cooperative agreement <to cI 'r f y`' the meaning of a quorum as understood and practiced" by the'' Cable Commission. 4 aye votes . Carried. t On motion of Carufel and seconded by Doerr, approval was., made to transfer $141.00 from Parks/Other Improvements to Municipal Bldg / Furniture &. Equipment for the :purchase:of, two tables. . 4 aye votes. Carried. On motion of Torgerson, and seconded by Doerr, :approval . 1° of 1986 licenses 'was made contingent on receipt of :i Ysi r lice and bonds. 4 aye votes. Carried. Torgerson, seconded by Doerr', moved to adjourn. 4 aye votes Adjourned' ;74,pc..4.11.46v4.?:4,444.2.4.11 % - Administrator/Treasurer • EXTRACT OF MINUTES OF MEETING OF CITY COUNCIL CITY OF OAK PARK HEIGHTS WASHINGTON COUNTY, MINNESOTA HELD NOVEMBER 25, 1985 Pursuant to due call and notice thereof, a regular meeting of the City Council of the City of Oak Park Heights, Washington County, Minnesota, was duly held at the Oak Park Heights Municipal Building, 14168 - 57th Street North in said municipality, on the 25th day of November, 1985 , at 7:00 o' clock p.m. The following members were present: Frank Sommerfeldt, Mayor Barry Torgerson Joseph Carufel Jack Doerr ' and the following were absent: Barbara O' Neal Also present was La Vonne Wilson, the City Administrator/Treasurer. *** *** *** Member Torgerson then introduced the following resolution and moved its adoption: The motion for the adoption of the foregoing resolution was duly seconded by member Carufel and upon a vote being taken thereon, the following voted in favor thereof: Frank Sommerfeldt Barry Torgerson - Joseph Carufel Jack Doerr and the following voted against the same: None. Whereupon said resolution was declared said and duly adopted. The meeting was adjourned. La Vonne i son City Administrator/Treasurer - 2 - • 571B RESOLUTION 85-11-29 RESOLUTION RECITING A PROPOSAL FOR A FINANCING PROGRAM FOR A MULTI-FAMILY RENTAL HOUSING DEVELOPMENT, GIVING PRELIMINARY APPROVAL TO THE PROJECT AND THE PROGRAM PURSUANT TO MINNESOTA STATUTES, CHAPTER 462C, AUTHORIZING THE ISSUANCE OF HOUSING REVENUE BONDS AND AUTHORIZING THE SUBMISSION OF • FINANCING PROGRAM FOR APPROVAL TO THE MINNESOTA HOUSING FINANCE AGENCY AND AUTHORIZING THE PREPARATION OF NECESSARY DOCUMENTS AND MATERIALS IN CONNECTION WITH THE SAID PROJECT AND PROGRAM (LAWRENCE O. HAUGE PROJECT) WHEREAS, (a) Minnesota Statutes, Chapter 462C (the "Act) confers upon cities, or housing and redevelopment authorities or port authorities authorized by ordinance to exercise on behalf of a city the powers 11 conferred by the Act, the power to issue revenue bonds to finance a program for the purposes of planning, administering, making or purchasing loans with respect to one or more multi-family housing developments within the boundaries of the city; (b) The City has received from Lawrence O. Hauge (the "Developer") a proposal that the City undertake a program to finance a Project hereinafter described, through the issuance of revenue bonds or obligations (in one or more series) (the "Bonds" ) pursuant to the Act; (c) The City desires to: facilitate the development of rental housing within the community; encourage the development of affordable housing opportunities for residents of the City; encourage the development of housing facilities designed for occupancy by persons of low or moderate income; encourage the development of housing facilities designed for occupancy primarily by elderly persons; . and encourage the development of blighted or underutilized land and structures within the boundaries of the City; and the Project will assist the City in achieving these objectives. (d) The Developer is currently engaged in the business of real estate development. The Project to be financed by the Bonds is the acquisition, construction and equipping of a 77,502 square foot (approximately) elderly multi-family rental housing development of approximately 87 rental units located at the northwest corner of the intersection of 60th Street North (Highway 36 Frontage Road) and Oxboro Avenue North in the City, and consists of the acquisition of land and the construction of buildings thereon which will result in the provision of additional rental housing opportunities to persons within the community; (e) The City has been advised by representatives of the Developer that con- ventional, commercial financing to pay the capital costs of the Project is available only on a limited basis and at such high costs of borrowing that the economic feasibility of operating the project would be significantly reduced, but the Developer has also advised the City that with the aid of municipal financing, and resulting low borrowing costs, the Project is economically more feasible; II/ 2 (f) A public hearing on the Project and the financing program therefor was held on October 28, 1985, after notice was published, all as required by Minnesota Statutes, Section 462C.05, subd. 5, at which public hearing all those appearing at said hearing who desired to speak were heard and written comments, if any, were considered, and such hearing was held open and continued on November 25, 1985 following adoption of the • City' s Comprehensive Housing Plan; (g) No public official of the City has either a direct or indirect financial interest in the Project nor will any public official either directly or indirectly benefit financially from the Project; NOW THEREFORE, BE IT RESOLVED by the City Council of the City of Oak Park Heights, Minnesota, as follows : 1. The City hereby gives preliminary approval to the proposal of the Developer that the City undertake the Project, described above, and the program of financing therefor described on Exhibit A hereto, pursuant to Minnesota Statutes, ' Chapter 462C, consisting of the acquisition, construction and equipping of multi-family rental housing facilities within the City pursuant to the Developer's specifications and to a revenue -agreement between the City and the Developer on such terms and conditions with provisions for revision from time to time as necessary, so as to produce income and revenues sufficient to pay, when due, the principal and interest on the Bonds in a total principal amount not to exceed $3,700,000 to be issued pursuant to the Act to finance the acquisition, .construction and equipping of the Project; and said agreement may also provide for the entire interest of the Developer therein to be mortgaged to the purchasers of the Bonds, or a trustee for the holder(s) of the Bonds; and the City, hereby undertakes preliminarily to issue its bonds in accordance with such terms and conditions; 2. At the option of the City, the financing may be structured so as to take advantage of whatever means are available and are permitted by law to enhance the security for, or marketability of, the Bonds; provided that any such financing structure must be consented to by the Developer. 3. On the basis of information available to the City it appears, and the City hereby finds, that the Project consti- tutes a multi-family housing development within the meaning of 3 r r i subdivision 5 of Section 462C.02 of the Act; that the Project will be occupied by elderly persons of low or moderate income; the availability of the financing under the Act and the willingness of the City to furnish such financing will be a substantial inducement to the Developer to undertake the Project, and that the effect of the Project, if undertaken, will be to encourage the provision of additional multi-family rental housing opportunities to residents of the City, to assist in the redevelopment of blighted and marginal land and to promote more intensive development and use of land within the City; 4. The Project, and the program to finance the Project by the issuance of revenue bonds, is hereby given preliminary approval by the City subject to the approval of the financing program by the Minnesota Housing Finance Agency ( "MHFA" ) and the Metropolitan Council and subject to final approval by the City, the Developer and the purchasers of the Bonds as to ultimate details of the financing of the project; 5. In accordance with subdivision 5 of Section 462C.05, Minnesota Statutes, the Mayor is hereby authorized and directed to submit the program for financing the project to MHFA, requesting its approval, and other officers, and employees and agents of the City are hereby authorized to provide MHFA with preliminary information as it may require; 6. The Developer has agreed and it is hereby determined that any and all costs incurred by the City in connection with the financing of the Project whether or not the project is carried to completion and whether or not approved by MHFA will be paid by the Developer; 7. Briggs and Morgan, Professional Association, acting as bond counsel, and Juran and Moody, Inc. , investment bankers, are authorized to assist in the preparation and review of necessary documents relating to the Project and the financing program therefor, to consult with the City Attorney, Developer and purchasers of the Bonds (or trustee for the pur- chasers of the Bonds) as to the maturities, interest rates and other terms and provisions of the Bonds and as to the covenants and other provisions of the necessary documents and submit such documents to the City for final approval; 4 8. Nothing in this Resolution or the documents prepared pursuant hereto shall authorize the expenditure of any municipal funds on the Project other than the revenues derived from the Project or otherwise granted to the City for this purpose. The Bonds shall not consitute a charge, lien or encum- brance, legal or equitable, upon any property or funds of the City except the revenue and proceeds pledged to the payment thereof, nor shall the City be subject to any liability thereon. The holder of the Bonds shall never have the right to compel any exercise of the taxing power of the . City to pay the outstanding principal on the Bonds or the interest thereon, or to enforce payment thereon against any property of the City. The Bonds shall recite in substance that Bonds, including the interest thereon, are payable solely from the revenue and proceeds pledged to the payment thereof. The Bonds shall not constitute a debt of the City within the meaning of any constitutional or statutory limitation. 9. In anticipation of the approval by MHFA and the issuance of the Bonds to finance all or a portion of the Project, and in order that completion of the project will not be unduly delayed when approved, the Developer is hereby authorized to make such expenditures and advances toward payment of that portion of the costs of the Project to be financed from the proceeds of the Bonds, as the Developer t considers necessary, including the use of interim, short-term financing, subject to reimbursement from the proceeds of the Bonds if any when delivered but otherwise without liability on the part of the City. Adopted by the City Council of the City of Oak Park Heights, this 25th day of November, 1985. 5 STATE OF MINNESOTA ) ) ss. COUNTY OF WASHINGTON) I, the undersigned, being the duly qualified and acting Clerk Administrator/Treasurer of the City of Oak Park Heights, Washington County, Minnesota, do hereby certify that I have . compared the attached and foregoing Extract of Minutes with the original thereof on file in my office, and that the same is a true and complete transcript of the minutes of a regular meeting of the City Council of Oak Park Heights duly called and held on the date therein indicated, so far as the same minutes relate to reciting a proposal for a financing program for a mult-family rental housing development, giving preliminary approval to the project and the program pursuant to Minnesota Statutes, Chapter 462C, authorizing 10 the issuance of housing revenue bonds and authorizing the submission of financing program fro approval to the Minnesota Housing Finance Agencyu and authorizing the preparation of necessary documents and materials in conection with the said project and program. WITNESS my hand this 7 day of December, 1985 . _ - L- Vonne Wilson City Administrator/Treasurer • - 3 -