HomeMy WebLinkAbout1983-055 CCRMember Bill Hawes introduced the following resolution and
moved its adoption:
RESOLUTION NO. 83 -55
RESOLUTION AUTHORIZING THE FINANCE DIRECTOR TO ISSUE MASTER
NOTES FOR TEMPORARY LOAN FROM THE INVESTMENT TRUST FUND TO
THE HOUSING REDEVELOPMENT AUTHORITY
WHEREAS, the City Council of the City of Brooklyn Center, Minnesota,
has received a report from the City Engineer regarding the feasibility of
proposed construction within, and adjacent to, Brookwood Development; and
WHEREAS, the City Council has established various improvement projects
to further investigate the potential benefit of said proposed construction to
the affected areas and the City as a whole; and
WHEREAS, the City Council, by establishing the various improvement
projects, has authorized the expenditure of finances through the Housing
Redevelopment Authority to continue said investigations and /or construction:
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL of the City of
Brooklyn Center, Minnesota, that the Finance Director is hereby authorized to
provide the required financing of the various projects by transfer of funds
from the Investment Trust Fund to the Housing Redevelopment Authority by issuance
of Master Notes according to the following schedule:
Project
Brookwood Development Improvement
Project No. 1983 -04
Brookwood Development Improvement
Project No. 1983 -05
March 28, 1983
nRi-P
ATTEST:
Master Note Number
1983 -01
1983 -02
r
May L>
The motion for the adoption of the foregoing resolution was duly seconded by
member Gene Lhotka and upon vote being taken thereon, the following
voted in favor thereof: Dean Nyquist, Gene Lhotka, Celia Scott, Bill Hawes,
and Rich Theis;
and the following voted against the same: none,
whereupon said resolution was declared duly passed and adopted.