Res 2003- 63 Issuance of Health Facilities Revenue BondsEXTRACT OF MINUTES OF A MEETING OF THE
CITY COUNCIL OF THE CITY OF
MENDOTA HEIGHTS, MINNESOTA
Pursuant to due call and notice thereof, a regular meeting of the City Council of the City
of Mendota Heights, Minnesota, was duly held at the City Hall in said City on Tuesday, August
19, 2003, commencing at 7:30 P.M.
The following members were present: Huber, Krebsbach, Duggan and Vitelli
and the following were absent: Schneeman
Member Duggan_ introduced the following resolution and moved its adoption:
RESOLUTION NO. 03-63
RESOLUTION CALLING FOR A PUBLIC HEARING ON THE
ISSUANCE OF HEALTH FACILITIES REVENUE BONDS
GROUP HEALTH PLAN INC. PROJECT
WHEREAS, Group Health Plan Inc., a Minnesota nonprofit corporation (the
"Borrower"), a subsidiary of Health Partners, Inc., has proposed that the Minneapolis
Community Development Agency and the Housing and Redevelopment Authority of the City of
Saint Paul, Minnesota (collectively, the "Issuer"), jointly issue revenue bonds (the "Revenue
Bonds") to finance a project (as defined), a portion of which is located in the City of Mendota
Heights, Minnesota (the "City"); and
WHEREAS, the Project to be financed by the Revenue Bonds includes the financing or
refinancing of various capital expenditures, made by the Borrower at facilities owned or operated
by the Borrower and located in various municipalities in the State of Minnesota, and the
refiunding of the Issuer's Outstanding Health Care Facility Revenue Bonds, Series 1992 (Group
Health Plan, Inc., Project);
WHEREAS, the City has been advised that a public hearing and City Council approval of
the financing of the Project is required under Section 147(f) of the Internal Revenue Code
because a portion of facilities to be financed or refinanced by the Revenue Bonds are located in
the City;
NOW, THEREFORE, BE IT RESOLVED by the City Council (the "Council") of the
City of Mendota Heights, Minnesota (the "City"), as follows:
1. A public hearing on the proposal of the Borrower will be held at the time and
place set forth in the Notice of Hearing hereto attached as Exhibit A. The general nature of the
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Project and an estimate of the aggregate principal amount of revenue bonds or other obligations
to be issued to finance the Project are described in the Notice of Hearing.
2. The Borrower shall cause notice of the hearing to be given one publication in the
official newspaper and newspaper of general circulation available in the City, not less than 14
days nor more than 30 days prior to the date fixed for the hearing, substantially in the form of the
attached Notice of Hearing.
The motion for the adoption of the foregoing resolution was duly seconded by member
—Krebsbach— and, after a full discussion thereof and upon a vote being taken thereon, the
following voted in favor thereof:
And the following voted against the same: none
Whereupon the resolution was declared duly passed and adopted.
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STATE OF MINNESOTA
COUNTY OF DAKOTA
CITY OF MENDOTA HEIGHTS
I, the undersigned, being the duly qualified and acting City Clerk of the City of Mendota
Heights, Minnesota, DO HEREBY CERTIFY that I have compared the attached and foregoing
extract of minutes with the original thereof on file in my office, and that the same is a full, true
and complete transcript of the minutes of a meeting of the City Council, duly called and held on
the date therein indicated, insofar as such minutes relate to a resolution adopted on the date
therein indicated calling a public hearing on the issuance of revenue bonds for a project to be
undertaken by Group Health Plan Inc., a portion of which is located in the City.
WITNESS my hand this _19th day of August, 2003.
Cferlc
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EXHIBIT A
CITY OF MENDOTA HEIGHTS, MINNESOTA
NOTICE OF PUBLIC HEARING
ON THE ISSUANCE OF REVENUE BONDS FOR
A HEALTH CARE FACILITY PROJECT
NOTICE IS HEREBY GIVEN that the City Council (the "Council") of the City of Mendota
Heights, Minnesota (the "City"), will hold a public hearing on Tuesday, September 16, 2003, at a meeting
of the City Council beginning at approximately 7:30 p.m., Central Time, at City Hall, 1101 Victoria
Curve, Mendota Heights, Minnesota, to consider the proposal of Group Health Plan Inc., a Minnesota
nonprofit corporation (the "Borrower"), a subsidiary of HealthPartners, Inc., that a project described
below be assisted by the issuance of revenue bonds under Minnesota Statutes, Section 469.152 to
469.165 1, as amended.
It is proposed that the Minneapolis Community Development Agency and Housing and
Redevelopment Authority of the City of Saint Paul (the "Joint Issuers), would jointly issue the revenue
bonds to finance the Project (as hereinafter defined). The approval of the City is required under Section
147(f) of the Internal Revenue Code because a portion of the Project is located in the City.
The proceeds of the Revenue Bonds, in the estimated aggregate principal amount of $85,000,000,
would refund the Issuer's outstanding Heath Care Facility Revenue Bonds, Series 1992, and finance or
refinance various capital expenditures made by the Borrower at facilities located in various municipalities
in the State of Minnesota (the "Project"). The portion of the Project located in the City consists of the
acquisition and installation of computer hardware and software to be located at a data processing center
located or to be located at 1180 Center Point Circle (the "Bonded Facilities"). The Borrower will be the
owner of the Bonded Facilities. The maximum principal amount of the proceeds of the Revenue Bonds to
be used to finance the Bonded Facilities in the City is $12,000,000.
The Revenue Bonds if and when issued will not constitute a charge, lien or encumbrance upon
any property of the City, and such obligations will not be a general or moral obligation of the City or a
charge against the general credit or taxing powers of the City, but will be payable from sums to be paid by
the Borrower to the Joint Issuers pursuant to a revenue agreement.
At the time and place fixed for the public hearing, the City Council will give all persons who
appear at the hearing an opportunity to express their views with respect to the proposal. In addition,
interested persons may file written comments respecting the proposal with the City Clerk at or prior to
said public hearing.
Dated this 19"' day of August, 2003.
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BY ORDER OF THE CITY
COUNCIL OF THE CITY OF MENDOTA
HEIGHTS, MINNESOTA
By /s/ Kathleen Swanson
City Clerk