2015.02.24 Council Meeting Minutes

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February 24, 20 15 Page 6of7 5 Ayes, 0 Nays-Motion Carried 3. Consideration of Resolution Awarding the Sale of$1 8,325,000 General Obligation Tax Increment Refunding Bonds, Series 2015B. City Manager Lotter indicated Mark Ruff of EWers & Associates would be presenting this item to the Council. Mark Ruff, Ehlers & Associates, explained that the interes t rate came in lower than expected and requestoo the Council consider the issuance of$17 ,385,000 in General Obligation Improvement Bonds fo r the refunding ofTIF bonds. He explained that with the lower interest rate, the City would be saving $2.6 million through the refinancing of these bonds or $175,000 per year through the life of the bonds. He recommended the Council approve the refimding of the general ob ligati on tax increment bonds. Motion by Councilmember Bauman, seconded by Councilmember Jacobsen to adopt a Resolution Awarding the Sale of $17,385,000 General Obligation Tax Increment Refunding Bonds, Series 2015B, Fixing their fo rm and specifications; directing their execution and delivery; and providing fo r their payment 5 Ayes, 0 Nays-Motion Carried Commission Liaison Repo rts, Annou ncements and Updates Dean Lotter City Manager Lotter repo11ed he was invited to speak at a panel fo r Greater MSP at the Fosbay Building on Friday February 2 ih . He discussed the business professionals that wou ld be on hand at the event. He understood the Council was interested in holding a Council meeting offsite. He believed this would occur in April or May. He indicated the Town Hall meeting would be held on May 2 nd• It was noted the communi ty survey had been distributed. He commented that a staff survey was also taken and 87 responses were received. The results from the surveys would be shared with Council at a future meeting. Gina Bauman Councilmember Bauman stated the Planning Commission tabled action on the Belair Excavating item at their recent meeting. She noted she attended the helicopter demonstrati on last Friday. She noted that APi was considering a heli-pad and noted it would only be needed five or six times a year. She indicated she recently toured one of the Pulte Homes and was impressed with how this development was turning out. She explained the Cable Commission was discussing its finances at this time. Mary B u rg Councilmember Burg reported she would be attendjng a NYFS meeting this Thursday. She stated the Publ ic Safe ty Commi ssion met on February 23rd . She noted Deputy Chief Hamdorf discussed the potential purchase of a fire truck. She stated two daytime burglaries occurred in recent weeks. She encouraged residents to contact 91 1 with any suspicious activity. She commended Julie Forbord fo r her efforts on the City's new law enforcement management system. j Pa uJ Jacobsen Councilmember Jacobsen reported last Monday the Irondale Robotics team unveiled their new robot. He explained the groups challenge fo r this year and wished them well at their meets. He noted the EDC met on February 181h and discussed di fferent approaches to economic development in the City. He indicated the EDC was looking fo rward to the joint meeting with 3. Consideration of Re8.l\ution Awarding Ihe Saleof$\8,325,<XXJ General Obligation Tax Increment Refunding Bonds, Series 20158. Commission Liaison Reports. Announcements and Updates