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" . ~ , RESOLUTION NO. 93-036 OF THE CITY OF NEW BRIGHTON, MINNESOTA ~ ESTABLISHING THE DATE FOR A PUBLIC HEARING ON THE PROPOSAL TO ISSUE REVENUE BONDS OF THE CITY TO REFUND CERTAIN MULTIFAMILY HOUSING REVENUE BONDS OF THE CITY; AND AUTHORIZING THE PUBLICATION OF NOTICE THEREFOR WHEREAS, Minnesota statutes, Chapters 462C and 462A, as amended (the "Act") authorize a city to issue revenue obligations to finance certain housing programs and to refund such Obligations through the issuance of revenue bonds; and WHEREAS, representatives of Golden Pond Limited Partnership (the "Developer") have requested that the City of New Brighton (the "city") issue its revenue obligations in a principal amount not to exceed $3,315,000 for the purpose of refunding the outstanding principal balance of the City's Multifamily Housing Revenue Bonds, Series 1988 (Golden Pond Housing Project) (the "Prior Bonds") originally issued for the purpose of financing the Developer's acquisition and construction of an 82-unit multifamily housing development, in the City (the "Project"); and WHEREAS, prior to approving the issuance of the refunding bonds, the decision to issue such bonds must be considered at a pUblic hearing, after notice, published at least 15 days before the hearing, in a newspaper circulating generally within the City; NOW, THEREFORE, be it resolved by the City of New Brighton, Minnesota: 1. That the city Council of the city will conduct a public hearing on the proposal to issue revenue obligations to refund the Prior Bonds on Tuesday, April 13, 1993 at 7:30 o'clock p.m. 2. That the staff of the City is hereby authorized to cause a pUblic notice, substantially in the form of the notice attached hereto as Exhibit A, to be published once in a newspaper circulating generally within the boundaries of the City not less than fifteen (15) days prior to the date established for the pUblic hearing by the preceding paragraph of this Resolution. 9857