HomeMy WebLinkAboutResolution 5532 � O�
� � �. �
- � CITY.of ORONO
� .- : �
, ti
ti
RESOLUTION OF THE CITY COUNCIL
��`�kEsKO�`'�� rvo. 5 5 � 2 .
RESOLUTION CALLING FOR PUBLIC HEA.RING
ON ORONO WOODS HOUSING PROGRAM AMENDMENT
AND ISSUANCE OF SENIOR HOUSING REFUNDING BONDS
BE IT RESOLVED by the City Couiicil of the City of Orono:
1. There has been presented to this Council a draft of a Housing Program
Ainendment relating to a proposed refinancing of the 62-unit multifamily housing facility for .
seniors (the"Project")known as Orono Woods. The Program Amendment describes a proposal
to issue housing revenue bonds to refund the outstanding bonds for the Project under Minnesota
Statutes, Chapter 462C. .
2. . This Council shall hold a public hearing on the Program Amendment and
ithe issuance of revenue refunding bonds at its regular meeting on Monday,December 11, 2006 at
7:05 o'clock P.M. Notice of such hearing shall be given as required by law.
Adopted by the City Council of the City of Orono,Minnesota at a regular meeting held on
November 13, 2006.
ATTEST:
. � ,/ -
U
ui a S. Vee, City Clerlc Barbara A. Peterson, Mayor
•
Page 1 of 1