City Council Meeting Date: April 21, 2026
To: Mayor and Members of Council
From: Ben Martig, City Administrator
Title
Consider Resolution Approving a Purchase Agreement for the Acquisition of a Medical Clinic, a Taxable Subordinate Hospital Revenue Note, Series 2026C in Connection with Financing Such Acquisition, and Amended and Restated Indenture of Trust and Related Documents.
Body
Action Requested:
The Northfield City Council Approves Resolution Approving a Purchase Agreement for the Acquisition of a Medical Clinic, a Taxable Subordinate Hospital Revenue Note, Series 2026C in Connection with Financing Such Acquisition, and Amended and Restated Indenture of Trust and Related Documents.
Summary Report:
The Northfield Hospital & Clinics is recommending the City Council approve the Purchase of Property at 1400 Jefferson Road. The NH+C board of directors voted on the agreement at an April 13, 2026 special meeting and unanimously approved the resolution.
City Code Section 2-307 Subd. 4, as stated below, requires approval from the City Council related to purchase.
Sec. 2-307. - Authority reserved to city council.
The city council shall have the exclusive authority to:
(1) Construct any additional hospitals or additions to the present hospitals, convalescent homes, nursing homes and related medical facilities including medical clinics.
(2) Construct any appurtenant structures.
(3) Acquire any real property for any hospital or related use.
(4) Buy, sell, or lease any of the above mentioned facilities or property.
(5) Levy or impose taxes for the operation and maintenance of any part of the hospital system.
(6) Enter into operation, management, sale, purchase, privatization, lease and all other similar operations and/or management agreements by which a substantial portion of the hospital system's assets (including but not limited to equipment, supplies, and accounts), cumulatively or collectively, are leased, licensed, or otherwise transferre...
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