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Councilmember Kuzma introduced the following resolution and moved for its adoption: <br /> RESOLUTION #17-03-060 <br /> RESOLUTION APPROVING THE ISSUANCE OF BONDS BY THE CITY OF <br /> MINNEAPOLIS AND THE HOUSING AND REDEVEDLOPMENT AUTHORITY OF <br /> THE CITY OF SAINT PAUL, MINNESOTA, ON BEHALF OF ALLINA HEALTH <br /> SYSTEMS UNDER MINNESOTA STATUTES, SECTIONS 469.152 TO 469.165 <br /> NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF <br /> RAMSEY, ANOKA COUNTY , STATE OF MINNESOTA, as follows: <br /> SECTION 1 <br /> Recitals and Findings <br /> I.I. This Council has received a proposal from Allina Health System, a Minnesota <br /> nonprofit corporation ("Allina"), that the City authorize the City of Minneapolis, Minnesota and <br /> The Housing and Redevelopment Authority of the City of Saint Paul, Minnesota, acting jointly <br /> (together, the "Issuer") to issue bonds under Minnesota Statutes, Sections 469.152 through <br /> 469.165 (the "Act") to refund revenue bonds previously issued in 2007 and 2009 by the Issuer, a <br /> portion of the proceeds of which were applied to refinance the acquisition, construction and <br /> equipping of the Allina Health Ramsey Clinic(the "Clinic"), located at 7231 Sunwood Drive NW <br /> in the City. The bonds are proposed to be issued as part of a larger bond issue by the Issuer in an <br /> aggregate amount which is not expected to exceed $200,000,000 (the "Bonds"), the proceeds of <br /> which will be issued to refinance the acquisition, construction, renovation, remodeling and <br /> equipping by Allina or its affiliates of health care facilities located in the cities of Blaine, Buffalo, <br /> Brooklyn Park, Coon Rapids, Cottage Grove, Eagan, Forest Lake, Fridley, Minneapolis, Ramsey, <br /> St. Paul and Woodbury, Minnesota. <br /> 1.2. At a public hearing held on March 14, 2017, all parties who appeared at the hearing <br /> were given an opportunity to express their views with respect to the proposal that the Issuer issue <br /> the Bonds under the Act, and interested persons were given the opportunity to submit written <br /> comments to the City Clerk before the time of the hearing. <br /> SECTION 2 <br /> Approvals <br /> 2.1. The issuance of bonds by the Issuer pursuant to the Act in a principal amount of up to <br /> $200,000,000, to refinance improvements to the Clinic and to refinance the acquisition, <br /> construction, renovation, remodeling and equipping by Allina or its affiliates of health care <br /> facilities located in the cities of Blaine, Buffalo, Brooklyn Park, Coon Rapids, Cottage Grove, <br /> Eagan, Fridley, Minneapolis, Ramsey, St. Paul and Woodbury, Minnesota, is hereby consented to <br /> and approved. The terms of the bonds shall be as are approved by the governing bodies of the <br /> Issuer. <br />