Item Coversheet

*4.A.2.


Shakopee City Council
November 7, 2018


FROM:Darin Nelson, Finance Director
TO:Mayor and Council Members
Subject:
Resolution Approving the Issuance of a Subordinate Revenue Note for the Benefit of Benedictine Living Community of Shakopee LLC
Policy/Action Requested:
Adopt Resolution No. R2018-128, authorizing the issuance of a subordinate revenue note of the City of Shakopee for the benefit of Benedictine Living Community of Shakopee LLC and authorizing the execution and delivery of the subordinate revenue note and related documents.
Recommendation:
Approval
Discussion:
See attached Exhibit from Kennedy & Graven
Budget Impact:
N/A
ATTACHMENTS:
Description
Kennedy & Graven Subordinate Revenue Note Letter
Resolution No. R2018-128