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Orono Woods Sr Hous Project Financial Package
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Staff Memos & Correspondence - File Cabinet 1
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Orono Woods Sr Hous Project Financial Package
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Last modified
8/22/2023 4:55:45 PM
Creation date
10/7/2021 10:46:28 AM
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x Address Old
House Number
2040
Street Name
Wayzata
Street Type
Boulevard
Street Direction
West
Address
2040 Wayzata Boulevard West
Document Type
Land Use
PIN
3411823210036
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3 Ron Moorre Housing Program Orono doc Page 4 <br /> payable primarily from the revenues of the Program authorized by this Section. The City <br /> anticipates the issuance of such amount prior to the end of 2001. <br /> Subsection G. Severability. The provisions of this Program are severable and if any of <br /> its provisions, sentences, clauses or paragraphs shall be held unconstitutional, contrary to statute, <br /> exceeding the authority of the City or otherwise illegal or inoperative by any court of competent <br /> jurisdiction,the decision of such court shall not affect or impair any of the remaining provisions. <br /> Subsection H. Amendment. The City shall not amend this Program while Bonds <br /> authorized hereby are outstanding,to the detriment of the holders of such Bonds. <br /> Subsection I. Issuance of Tax Increment Notes. At the discretion of the City and <br /> Authority, obligation to finance the Land and certain public costs of the Program may be issued <br /> by the Authority or City pursuant to authority granted by Minnesota Statues, Section 469.178. <br /> M1:740376.01 <br /> HOUSING PROGRAM <br /> 4 • <br />
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