City Council Meeting Date: May 6, 2025
To: Mayor and City Council
City Administrator
From: Brenda Angelstad, Finance Director
Melissa Hanson, Housing Coordinator
Title
Consider Resolution for the City of Northfield Approving Amendments to the Senior Housing Revenue Refunding Note (Northfield Retirement Community Project), Series 2013B and Authorizing the Reissuance Thereof.
Body
Action Requested:
Consider Resolution for the City of Northfield Approving Amendments to the Senior Housing Revenue Refunding Note (Northfield Retirement Community Project), Series 2013B and Authorizing the Reissuance Thereof.
Summary Report:
See staff report for the public hearing (previous item) on this matter.
Alternative Options:
Council may choose to not pass the resolution.
Financial Impacts:
No impact to the City of Northfield.
Tentative Timelines:
The City needs to provide approval before the new owner can reissue the bonds.