HomeMy WebLinkAbout2013-070 CCR Member Dan Ryan introduced the following resolution and
moved its adoption:
RESOLUTION NO. 2013-70
RESOLUTION CALLING FOR A PUBLIC HEARING ON A PROPOSAL FOR
THE ISSUANCE OF CONDUIT REVENUE BONDS (ODYSSEY ACADEMY
PROJECT)
WHEREAS, the City of Brooklyn Center has been approached by ASG
Brooklyn Center, a non-profit 501(c)(3) corporation, on behalf of Odyssey Academy, a charter
school based in Brooklyn Center, requesting authorization to issue tax exempt conduit bonds
under the authority of Minnesota Statutes 469.152 to 469-1655; and
WHEREAS, the request is made for the purposes of acquisition, renovation, and
equipping of an existing school building located at 6201 Noble Avenue North, Brooklyn Center,
Minnesota, 55429 for use as a public charter schoolhouse for kindergarten through grade eight
(the "School Facility"); (ii)the funding of a debt service reserve fund; (iii)the payment of a
portion of the interest on the Bonds; and (iv)the payment of the costs of issuing the Bonds (the
"Project"); and
WHEREAS, the City Council and staff have met to discuss due diligence issues
to be considered in authorizing the issuance of such debt and to hear information from ASG
Brooklyn Center and Odyssey Academy on their proposal and its benefits to the community.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Brooklyn Center, Minnesota, that:
1. A public hearing shall be held on Monday, the 22nd day of July, 2013, in City Hall at
7:00 PM or as soon thereafter as the matter may be heard, to receive public comment on
the proposal to issue conduit debt not to exceed $ 5,500,000 for the purposes of
acquisition of the property at 6201 Noble Avenue North and making improvements
thereupon.
2. The City Clerk is directed to cause notice of the hearing to be published once in the
official newspaper at least two weeks prior to the hearing.
BE IT FURTHER REAOLVED by the City Council of the City of Brooklyn
Center that this resolution shall be effective immediately.
July 8, 2013
Date Mayor
ATTEST: a
City Clerk
The motion for the adoption of the foregoing resolution was duly seconded by member
Lin Myszkowski
and upon vote being taken thereon, the following voted in favor thereof:
Tim Willson, Carol Kleven, Kris Lawrence-Anderson, Lin Myszkowski, and Dan Ryan;
and the following voted against the same: none;
whereupon said resolution was declared duly passed and adopted.