HomeMy WebLinkAbout13.F.4. Joint Powers Agreement-City of Victoria
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CITY OF SHAKO PEE
Memorandum
TO: Mayor and Council
Mark McNeill, City Administrator
FROM: Gregg Voxland, Finance Director
SUBJ: Joint Powers Agreement - City of Victoria
DATE: November 2, 2009
Introduction & Background
Augustana Care is purchasing several facilities including Emerald Crest
in Shakopee. The City of Victoria is issuing revenue bonds to finance
the purchase.
The City of Shakopee needs to hold a public hearing, adopt a resolution
and execute a joint powers agreement to authorize the sale of bonds.
The hearing is scheduled for December 1, 2009. There is no liability
or obligation to the City of Shakopee. This is to cooperate with the
City of Victoria and Shakopee has done this before for Park Nicolet
Clinic and the hospital. Shakopee's out of pocket costs will be paid
by Augustana Care.
Kennedy and Graven has reviewed the documents.
Action
Move to set a public hearing for the issuance of revenue bonds by the
City of Victoria on December I, 2009.
Gregg Voxland
Finance Director