Res 2003- 95 Issuance of of Health Care Facilities Revenue BondsRESOLUTION NO. 9 5
RESOLUTION GIVING HOST APPROVAL
TO THE ISSUANCE OF HEALTH CARE FACILITIES REVENUE
BONDS, SERIES 2003
(GROUP HEALTH PLAN, INC. PROJECT)
WHEREAS, Group Health Plan, Inc., a Minnesota nonprofit corporation ("Group Health"),
currently operates facilities located at 1180 Center Point Circle in the City of Mendota Heights (the
"Local Facilities").
WHEREAS, Group Health has proposed that the Housing and Redevelopment Authority of the
City of Saint Paul, Minnesota and the City of Minneapolis, Minnesota, jointly issue Health Care Facility
Revenue Bonds in the approximate principal amount of $85,000,000 (the 'Bonds") to finance or refinance
various capital expenditures made by Group Health in approximately 9 cities located throughout the State
of Minnesota, including the Local Facilities.
WHEREAS, Section 147(f) of the Internal Revenue Code of 1986, as amended, requires that each
municipality in which facilities to be financed or refinanced by the Bonds are located must approve the
issuance of the Bonds following a public hearing.
WHEREAS, a public hearing on the issuance of the Bonds to finance or refinance capital costs
incurred at the Local Facilities was held by the City on this date.
WHEREAS, the Bonds are payable solely from revenues of Group Health, will not be a general
or moral obligation of the City of Mendota Heights, the Housing and Redevelopment Authority of the
City of Saint Paul, the City of Minneapolis or any other political subdivision but will be payable solely
from revenues of Group Health to the extent and in the manner provided in the documents executed in
connection with the issuance of the Bonds.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Mendota Heights
that the City hereby gives the host approval required under the Internal Revenue Code to the issuance of
the Bonds.
The motion for the adoption of the foregoing resolution was made by J _ Vi to 11 i, seconded
by U. Duggan , and upon vote being duly taken thereon, the following voted in favor thereof:
Mayor Huber, CouncilMember Duggan, Schneeman, Krebsbach and Vitelli
and the following voted against the same:
Whereupon said resolution was declared duly passed and 7i; 1of September.
Mayor
Attest:
Cdy Clerk
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STATE OF MINNESOTA )
SS
COUNTY OF DAKOTA )
CITY OF MENDOTA HEIGHTS )
I, the undersigned, being the duly qualified Clerk of the City of Mendota Heights, Minnesota, do
hereby certify that I have carefully compared the attached and foregoing copy of Resolution No.
9 5 of the said City of Mendota Heights with the original thereof on file in my office, and the same
is a full, true and complete copy of said Resolution No 95
WITNESS MY HAND as such Clerk this 16 t h day of __qpt.__, 2003.
Cl k
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