87-7330R104
RESOLUTION N0. 7330
RESOLUTION CALLING A PUBLIC HEARING
ON A PROPOSED BOND ISSUE UNDER
MINNESOTA STATUTES, CHAPTER 429
WHEREAS, the Academy of Holy Angles, a Minnesota non-profit corporation
(the "Company") has proposed that the City undertake to issue bonds to finance a
project under Minnesota Statutes, Chapter 429 (the "Act"); and
WHEREAS, 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, BE IT RESOLVED by the City Council of the City of Rich-
f field
1. The Council shall meet at 7:00 p.m. on Monday, September 14, 1987 to
conduct a public hearing on the proposed bond issue requested by the
Company and to take whatever action in relation thereto as it deems
appropriate..
2. The City Clerk is authorized and directed to publish 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 I4, 1987.
Passed by the City Council of the City of Richfield, Minnesota, this 24th
day of August, 1987.
Attest:
Thomas P. Ferber, Clerk