Loading...
HomeMy WebLinkAboutResolution 80-83Issuer: CERTIFICATION OF MINUTES RELATING TO · $9,000,000 HOUSING DEVELOPMENT REVENUE BONDS (LA BELLE PARK CONDOMINI.UMS PROJECT) City of Columbia Heights, Minnesota Governing body: City Council Kind, date, time and place of meeting: the City of Columbia Heights, Minnesota. Members present:~f'~ ~-~t Members absent: IkJ~)~}~d~ Documents attached: Minutes of said meeting (pages): a meeting held on December ~/ ., 1980, in A RESOLUTION OF'THE CITY OF COLUMBIA HEIGHTS, MIN- NESOTA (THE "CITY"), AUTHORIZING THE ISSUANCE OF ITS HOUSING DEVELOPMENT REVENUE BONDS (LA BELLE PARK CONDOMINIUMS PROJECT), SERIES 1980 (THE "BONDS"), IN THE AGGREGATE PRINCIPAL AMOUNT OF $9,000,0 00. WHICH BONDS AND THE INTEREST THEREON SHALL BE PAYABLE SOLELY FROM THE REVENUES DERIVED BY CITY FROM THE LOAN AGREEMENT, THE LETTER OF CREDIT, OR THE PRODEEDS FROM THE SALE OF THE BONDS OR THE EARNINGS FROM THE INVESTMENT OF SUCH PROCEEDS; PRESCRIBING THE FORM OF AND AUTHORIZING THE EXECUTION AND DELIVERY OF THE INDENTURE OF TRUST, THE LOAN AGREEMENT, THE LETTER OF CREDIT AGREEMENT, THE INDUCEMENT LETTER, THE FIN- ANCING STATEMENT, AND THE BOND PURCHASE AGREEMENT; APPROVING THE FORM OF THE INVESTMENT AGREEMENT, THE MORTGAGE AND THE LETTER OF CREDIT; APPROVING THE FORM OF AND AUTHORIZING EXECUTION OF THE OFFICIAL STATEMENT; AUTHORIZING THE EXECUTION AND SALE OF THE BONDS AND DIRECTING DELIVERY THEREOF; AND PROVIDING FOR THE SECURITY, RIGHTS AND REMEDIES OF THE HOLDERS OF SAID BONDS. I, the undersigned, being the duly qualified and acting recording officer of the public corporation issuing the obligations referred to in the title of this certificate, certify that the documents attached hereto,-as described above, have been carefully compared with the original records of said corporation in my legal custody, from which they have been transcribed; that said documents are a correct and complete transcript of the minutes of a meeting of the governing body of said -corporation, and correct and complete copies of all resolutions and other actions taken and of all documents approved by the governing body at said meeting, so far as they relate to said obligations; and that said meeting was duly held by the governing body at the time and place and was attended throughout by the members indicated above, pursuant to call and notice of such meeting given as required by law. ~ WITNESS my hand officially as such recbrding officer this ~! day of December, 1980. : ~/ John E. Sehedler . Clerk-Treasurer