Business: Private Activity Revenue Bond Financing Policy
Under the Minnesota Municipal Industrial Development Act, Minnesota Statutes, Sections 469-152 to 469-1655, as amended (the "Industrial Development Act"), the City of St. Paul Park has authority to issue revenue bonds or notes to attract or promote economically sound industry and commerce to the City.
Under Minnesota Statutes, Chapter 462C, as amended (the "Housing Act"), the City is authorized to issue housing revenue bonds to finance multi-family residential housing projects for low and moderate income persons and elderly persons.
The Private Activity Revenue Bond Financing Policy for St. Paul Park is listed below.
Under Minnesota Statutes, Chapter 462C, as amended (the "Housing Act"), the City is authorized to issue housing revenue bonds to finance multi-family residential housing projects for low and moderate income persons and elderly persons.
The Private Activity Revenue Bond Financing Policy for St. Paul Park is listed below.
