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r <br /> • REQUEST FOR COUNCIL ACTION <br /> DATE: November 9, 2006 <br /> ITEM NO: <br /> Department Approval: Administrator Reviewed: Agenda Section: <br /> Name Ronald J. Moorse City Administrator's Report <br /> Title City Administrator <br /> 7Z1 <br /> Item Description : Resolution Calling for blic Hearing on Orono Woods Housing <br /> Program Amendment and Issuance of Senior Housing Refunding Bonds <br /> Attached is a draft of a Housing Program Amendment relating to a proposed refinancing of the <br /> 62-unit multifamily housing facility for seniors (the "Project") known as Orono Woods. The <br /> Program Amendment describes a proposal to issue housing revenue bonds to refund the <br /> outstanding bonds for the Project under Minnesota Statutes, Chapter 462C. <br /> A public hearing is required on the Program Amendment and the issuance of revenue refunding <br /> bonds. A resolution calling for the public hearing on Monday, December 11, 2006 at 7:00 P.M. <br /> is attached for Council adoption. <br /> COUNCIL ACTION REQUESTED: <br /> Motion regarding the adoption of a resolution calling for a public hearing on the Orono Woods <br /> Housing Program Amendment and Issuance of Senior Housing Refunding Bonds. <br /> • <br />