04-0086R

RESOLUTION APPROVING THE ISSUANCE AND SALE OF HEALTH CARE FACILITIES REVENUE BONDS AND EXECUTION OF RELATED DOCUMENTS FOR THE BENEFIT OF THE BENEDICTINE HEALTH SYSTEM-ST. MARY'S DULUTH CLINIC HEALTH SYSTEM OBLIGATED GROUP PURSUANT TO DEDA RESOLUTION NO. 04D-08.

BY COUNCILOR GILBERT:

RESOLVED, that pursuant to the requirements of Resolution No. 02-0606, the Duluth economic development authority's (DEDA) approval of the issuance and sale of health care facilities revenue bonds and execution of related documents for the benefit of the Benedictine Health System-St. Mary's Duluth Clinic Health System Obligated Group pursuant to DEDA Resolution No. 04D-08, a copy of which is on file in the office of the city clerk as Public Document No. _________, is hereby approved.


STATEMENT OF PURPOSE:  The purpose of this resolution is to approve the action of the DEDA board of commissioners pursuant to its Resolution 04D-08 as is required by Resolution 02-0606. The nature and purpose of the approval are set forth in DEDA Resolution No. 04D-08 and its statement of purpose.