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 Minneapolis
 Code of Ordinances
 Title 16. PLANNING AND DEVELOPMENT
 Chapter 417. PORT AUTHORITY

  § 417.20. Issuance of bonds.

Latest version.

  • Pursuant to the above authority, the city by resolution may authorize the issuance of bonds for the respective project described as follows:

    (1)

    Greyhound/Jefferson parking ramp. The city may issue general obligation bonds as authorized by Minnesota Statutes, Section 469.060, in a principal amount not exceeding twenty-five million dollars ($25,000,000.00) for acquisition and construction of an addition to the 7th Street parking ramp and construction of a new bus terminal, which project is described as the Greyhound/Jefferson parking ramp.

    (2)

    Guthrie District Parking Facility. The city may issue general obligation bonds as authorized by Minnesota Statutes, Section 469.060, to which the full faith, credit, and resources of the city are to be pledged, in a total principal amount not exceeding thirty-three million, six hundred and fifty thousand dollars ($33,650,000.00), for the acquisition of land and interests in land and the construction of the Guthrie District Parking Facility (to be located on the block bounded by South Second Street, Washington Avenue South, extended Chicago Avenue South, and extended Ninth Avenue South); and adjacent street and other improvements.

    (3)

    Downtown East Office/Housing/Park Industrial Development District. The city may issue general obligation bonds as authorized by Minnesota Statutes, Section 469.060, to which the full faith, credit, and resources of the city are to be pledged, in a total principal amount not exceeding sixty-five million dollars ($65,000,000), for the purposes of financing economic development and housing development in the Downtown East Office/Housing/Park Industrial Development District (a five-block area bounded by 5th Avenue South, Chicago Avenue, 3rd Street South, and 5th Street South), including the acquisition, construction, and development of a parking facility, a public park, and related facilities. The city finds that the issuance of the bonds is proper and the city authorizes the form of the bonds and the interest rates on the bonds to be determined by a resolution authorizing the issuance of the bonds. (98-Or-118, § 1, 10-16-98; 2003-Or-138, § 1, 11-21-03; 2013-Or-233, § 2, 12-13-13)