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Edina council grants host approval for Children’s Health Care revenue bonds; city not financially liable, staff says
Summary
Council adopted a resolution approving host approval for revenue bonds issued by Minneapolis and St. Paul on behalf of Children’s Health Care; staff and bond counsel told the council the bonds will not affect Edina’s credit or debt calculations and the city assumes no liability.
The Edina City Council on Dec. 3 approved Resolution 2024‑114 granting “host approval” for revenue bonds to be issued by the City of Minneapolis and the City of Saint Paul Housing and Redevelopment Authority acting jointly on behalf of Children’s Health Care. The proposed issuance is not expected to exceed $221 million in aggregate; roughly $3 million of that amount would relate to facilities located in Edina.
City staff…
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