2015.03.10 CC Packet Combined - Laserfiche WebLink

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February 24, 2015 Page 6 of 7 5 Ayes, 0 Nays -Motion Carried 3. Consideration of Resolution Awarding the Sale of $17,380,000 General Obligation Tax Increment Refunding Bonds, Series 2015B. City Manager Lotter indicated Mark Ruff of Ehlers & Associates would be presenting this item to the Council. Mark Ruff, Ehlers & Associates, requested the Council consider the issuance of $17,380,000 in General Obligation Improvement Bonds for the refunding of TIF bonds. He explained that 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 refunding of the general obligation tax increment bonds. Motion by Councilmember Bauman, seconded by Councilmember Jacobsen to adopt a Resolution Awarding the Sale of $17,380,000 General Obligation Tax Increment Refunding Bonds, Series 2015B, Fixing their form and specifications; directing their execution and delivery; and providing for their payment - 5 Ayes, 0 Nays -Motion Carried Commission Liaison Reports, Announcements and Updates Dean Lotter City Manager Lotter reported he was invited to speak at a panel for Greater MSP at the Foshay Building on Friday, February 27th. He discussed the business professionals that would 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 2nd. It was noted the community 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 demonstration last Friday. She noted that AN 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 Burg Councilmember Burg reported she would be attending a NYFS meeting this Thursday. She stated the Public Safety Commission 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 911 with any suspicious activity. She commended Julie Forbord for her efforts on the City's new law enforcement management system. Paul Jacobsen Councilmember Jacobsen reported last Monday the Irondale Robotics team unveiled their new robot. He explained the groups challenge for this year and wished them well at their meets. He noted the EDC met on February 18th and discussed different approaches to economic development in the City. He indicated the EDC was looking forward to the joint meeting with the City Council on March 18th at 7:30 a.m. He provided further comment on the items 3. Consideration of Resolution Awarding the Sale of$18,325,000 General Obligation Tax lncrementRefunding Bonds, Series 2015B. Commission Liaison Reports, Announcements and Updates