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<br />Councilmember Shryock introduced the following resolution and moved for its
<br />adoption:
<br />RESOLUTION #17-02-041
<br />RESOLUTION CALLING FOR A PUBLIC HEARING ON AN ISSUE OF
<br />REVENUE BONDS BY THE CITY OF MINNEAPOLIS AND THE
<br />HOUSING AND REDEVELOPMENT AUTHORITY OF THE CITY OF
<br />ST. PAUL ON BEHALF OF ALLINA HEALTH SYSTEM
<br />NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
<br />OF RAMSEY, ANOKA COUNTY, STATE OF MINNESOTA, as follows:
<br />
<br />1. Allina Health System, a Minnesota nonprofit corporation (“Allina”), has advised this
<br />Council of its desire to refinance, with proceeds of revenue bonds (the “Bonds”) issued by the City
<br />of Minneapolis, Minnesota and The Housing and Redevelopment Authority of the City of Saint
<br />Paul, Minnesota, acting jointly (together, the “Issuer”), under the authority of Minnesota Statutes,
<br />Sections 469.152 through 469.165, all or a portion of revenue bonds heretofore issued by the
<br />Issuer, including (a) Health Care System Revenue Bonds, Series 2007A (Allina Health System),
<br />(b) Health Care System Variable Rate Demand Revenue Bonds, Series 2007C-1 and Series 2007C-
<br />2 (Allina Health System), (c) Health Care System Revenue Bonds, Series 2009A-1 (Allina Health
<br />System), (d) Health Care System Revenue Bonds, Series 2009A-2 (Allina Health System), (e)
<br />Health Care System Variable Rate Demand Revenue Bonds, Series 2009B-1 and Series 2009B-2
<br />(Allina Health System), and (f) Health Care System Variable Rate Demand Revenue Bonds, Series
<br />2009C (Allina Health System) (together, the “Refunded Bonds”).
<br />2. The Refunded Bonds were issued on behalf of Allina to finance or refinance the
<br />acquisition, construction, renovation, remodeling and equipping by Allina or its affiliates of health
<br />care facilities located in the cities of Blaine, Brooklyn Park, Buffalo, Coon Rapids, Cottage Grove,
<br />Eagan, Forest Lake, Fridley, Minneapolis, New Ulm, Northfield, Ramsey, St. Paul, Owatonna,
<br />and Woodbury, Minnesota, including but not limited to the acquisition, construction and equipping
<br />of the Allina Health Ramsey Clinic, located at 7231 Sunwood Drive NW in the City.
<br />3. Since a portion of the facilities proposed to be refinanced by the Bonds are located in
<br />the City, Section 147(f) of the Internal Revenue Code of 1986, as amended, and regulations
<br />promulgated thereunder, require that prior to the issuance of the Bonds, this Board approve the
<br />issuance of the Bonds by the Issuer, after conducting a public hearing thereon. A public hearing
<br />on the proposal that the Issuer issue the Bonds for the purpose of refunding all or a portion of the
<br />Refunded Bonds is hereby called and shall be held on March 14, 2017, at 7:00 P.M., in the City
<br />Hall, 7550 Sunwood Drive NW.
<br />4. Bond counsel for the Bonds shall cause notice of the public hearing, in substantially the
<br />form attached hereto as Exhibit A, to be published in a newspaper of general circulation in the
<br />City, once not fewer than 14 days prior to the date fixed for the public hearing.
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