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HomeMy WebLinkAboutResolution 81-44CERTIFICATION OF MINUTES RELATING TO $4,500,000 COMMERCIAL DEVELOPMENT REVENUE BONDS (COLUMBIA HEIGHTS MALL PROJECT), SERIES 1981 Issuer: City of Columbia Heights, Minnesota Governing Bod~f: City Council Kind, date, time and place of meeting: a meeting held on _~, 1981, in the City of Columbia Heights, Minnesota. Members present: Councilmen Logacz, Members absent: None Documents attached: Heintz, Norber9, Hentges and Mayor Nawrock| Minutes of said meeting (pages): A RESOLUTION OF THE CITY OF COLUMBIA HEIGHTS, MINNESOTA APPROVING AMENDED FORMS OF THE INDENTURE OF TRUST AND THE LOAN AGREEMENT FOR $4,500,000 CITY OF COLUMBIA HEIGHTS, MINNESOTA, COMMERCIAL DEVELOPMENT REVENUE BONDS (COLUMBIA HEIGHTS MALL PROJECT), SERIES 1981 I, the undersigned, being the duly qualified and acting Clerk-Treasurer of the City, certify that the documents attached hereto, as described above, have been carefully compared with the original records of the City from which they have been transcribed; that said documents are a correct and complete transcript of the minutes of a meeting of the City Council of the City, and correct and complete copies of all resolutions and other actions taken and of all documents approved by the City Council at said meeting, so far as they relate to the Bonds; and that said meeting was duly held by the City Counqil 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' ~)and officially as such recording officer this 27 day of ~' Clerk-Treasurer Councilmember resolution: moved the adoption of the following RESOLUTION NO. 81-44 A RESOLUTION OF THE CITY OF COLUMBIA HEIGHTS, MINNESOTA APPROVING AMENDED FORMS OF THE INDENTURE OF TRUST AND THE LOAN AGREEMENT FOR $4,500,000 CITY OF COLUMBIA HEIGHTS, MINNESOTA, COMMERCIAL DEVELOPMENT REVENUE BONDS (COLUMBIA HEIGHTS MALL PROJECT), SERIES 1981 WHEREAS, on July 14, 1981, the City of Columbia Heights, Minnesota (the "City") passed a resolution (the "Bond Resolution") authorizing the issuance of $4,500,000 City of Columbia Heights, Minnesota, Commercial Development Revenue Bonds (Columbia Heights Mall Project), Series 1981 (the ~Bonds") and authorizing the execution and delivery of an Indenture of Trust (the "Indenture~) by and between the City and First Trust Company of Saint Paul (the ~Trustee") and a Loan Agreement (the "Loan Agreement") between the City and Columbia Heights Mall (the "Developer") substantially in the form before the City Council on that date, with such necessary and appropriate variations, omissions and insertions as were not materially inconsistent with the form attached to the Bond Resolution; and WHEREAS, certain amendments have been made to the forms of the Indenture and Loan Agreement before the City Council on that date; NOW, THEREFORE, be it resolved by the City Council of the City of Columbia Heights, Minnesota, Section 1. That the Indenture and Loan Agreement shall be substantially in the amended form before the City Council on this date, which is hereby approved, with such necessary and appropriate variations, omissions and insertions as are not materially inconsistent with the form annexed hereto and as the Mayor and City Manager, in their discretion, shall determine; provided that the execution thereof by the Mayor and. ,the City Manager shall be-conclusive evidence of such determination. - Section 2. after the date of its passage. PASSED AND APPROVED this John E. Sehedler Clerk-Treasurer That this resolution shall be in full force and effect from and Bruce G. Nawroeki Mayor Councilmember Hentoes seconded the motion that the foregoing resolution be adopted as introduced and read, and upon roll call the "ayes", "abstain" and ':nayes" were as follows: Ayes Abstain ~ayes togacz Norber9 Heintz Hentges Nawrocki The motion was thereupon declared carried and adopted.