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HomeMy WebLinkAboutResolution 90-39RESOLUTION 90-39 RESOLUTION OF CITY COUNCIL OF PARKVIEW VILLA SENIOR HOUSING HOUSING REPLACEMENT PLAN. COLUMBIA HEIGHTS FORMALIZING APPROVAL OF USE OF SITE FOR ADDITIONAL SENIOR HOUSING AND APPROVING WHEREAS, the Housing and Redevelopment Authority of Columbia Heights (herein- after referred to as "HRA") has an Annual Contribution Contract (ACC) with the Department of Housing and Urban Development (HUD) on Parkview Villa High-rise; and WHEREAS, the HUD ACC on Parkview Villa (PVV) requires that we secure HUD's approval if we are to make any major changes to the building or site; and WHEREAS, the HRA plans on constructing 40 to 50 units of senior public housing on the PVV site and has requested HUD's concurrence in regard to such; and WHEREAS, HUD (Washington, DC) has requested a resolution of the local governing body (City Council) formalizing their action by motion on May 14 approving the use of the site for the additional 40-50 units of senior housing and including a new provision approving a replacement housing plan; THEREFORE, BE IT RESOLVED by the City Council of the City of Columbia Heights, Anoka County, Minnesota (the "City") as follows: The City hereby confirms it's action of May 14 granting approval for the HRA to acquire (utilize) a portion of the Parkview Villa High-rise (Project MN 105001) site and to construct 40 to 50 units of senior public housing on the site adjacent to the existing building. The approval is subject to City Council concurrence on the final plans for the project. The City Replacement Housing Plan for the project is not a relevant issue as the City/HRA will not be removing any existing housing but will be adding 40-60 units of new housing for low income seniors. Offered by: Seconded by: Roll Call Vote: Peterson Ruettimann Ayes: All ayes Nays: No nays The Mayor declared the Resolution approved as of the 23rd day of July, 1990. /?o-Anne Student ~ City Council Secretary Edward Carlson, Mayor Extract of Minutes of Meeting of the City Council of the City of Columbia Heights, Anoka County, Minnesota Pursuant to due call and notice thereof, a regular meeting of the City Council of the City of Columbia Heights, Minnesota, was duly held in the City Hall in said City on Monday, July 23, 1990, commencing at 7:00_P__.M. The following members were present: Mayor Car]son, Counci]members C]erkin, Na~vrocki, Ruettimann & PeCerson and the following ~vere absent: No n e The Mayor announced that the next order of business was consideration of the bids which had been received for the purchase of the City's $ 2,4©0,000 General Obligation Tax Increment Capital Appreciation Bonds of 1990, Series A, as advertised for sale. The City Manager presented affidavits showing publication of the notice of sale in the City's official newspaper and in Northwestern Financial Review, a financial paper published in Minneapolis, Minnesota, which affidavits were examined and found satisfactory and ordered placed on file. The City Manager presented a tabulation of the bids which had been received in the manner specified in the Official Notice of Sale of the Bonds. The bids ~vere as follows: BIDDERS PRUDENTIAL-BACHE CAPITAL FUNDING CHICAGO RATES 6.90%-2002 6.95 -2003 7.00 -2004 7.00 -2005 7.t0 -2006 7.10 -2007 7.15 -2008 7.15 -2009 PRICE T.I.C. $2,363,724.94 7.1403% ($4,466,275.06) FBS INVESTMENT SERVICES, INC.f MINNEAPOLIS NORWEST INVESTMENT SERVICES, INC. PIPER JAFFRAY & HOPWOOD, INC. American National Bank Juran & Moody, Inc. Robert W. Baird & Co. Marquette Bank Minneapolis Moore Juran & Co. Park Investment Corporation 7 00%-2002 7 00 -2003 7 05 -2004 7 05 -2OO5 7 10 -2006 7 10 -2007 7 20 -2008 7 20 -2009 $2,349,049.67 7.1835% ($4,480,950.33) DAIN BOSWORTH, INC., MINNEAPOLIS CRONIN & CO., INC. MERRILL LYNCH CAPITAL MARKETS MILLER, JOHNSON & KUEHN, INC. 7 00%-2002 7 7 7 7 7 7 7 00 -2003 10 -2004 10 -20O5 15 -2006 15 -2007 20 -2008 20 -2009 $2,339,902.68 7.2105335% ($4,490,097.32) *Ail figures recalculated to reflect the final maturity schedule.