87-7338R8
RESOLUTION N0. 7338
RESOLUTION CONDUCTING PUBLIC HEARING ON PROPOSED
80ND ISSUE UNDER MINNESOTA STATUTES, CHAPTER 429
WHEREAS, the Academy of the Holy Angels, a Minnesota non-
profit corporation, has proposed that the City undertake to issue
bonds to finance a project under Minnesota Statutes, Chapter 429
(the "Act"); and
MHEREAS, the Internal Revenue. Code of 1986 (the "Code"), as
amended, requires that a public hearing on the proposed bond
issue be conducted by the Council before any action may be taken
by it relative to the proposed bond issue:
NOW, THEREFORE, 6E IT RESOLVED by the City Council of the
City of Richfield:
1. The Council has met at 7:00 p.m on Monday, September
14, 1987 to conduct a public hearing on the proposed
bond issue requested by the Academy of the Holy Angels
and to take whatever action in relation thereto as it
deems appropriate.
2. The City Clerk was authorized and has published notice
of the hearing in the form attached hereto as Exhibit
A once in the official newspaper, not less than 14 days
prior to September 14, 1987.
Passed by the City Council of the City ~chfield,
Minnesota, this 14th day of Sept m ~, i987,:
I/
~ ~
%J,bhn Hami ~o ~' V Mayor
ATTEST:
Thomas P. rerber City Cler