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December 8, 2015 Page 4 of 11 <br />5 Ayes, 0 Nays - Motion Carried <br />The Public Hearing was closed at 6:47 p.m. <br />Motion by Councilmember Jacobsen, seconded by Councilmember Burg to Approve the <br />Resolution Granting an On Sale Liquor License to Mr. Zachary Sporcic and Mr. <br />Gregory Newville for Cowboy Jacks. <br />5 Ayes, 0 Nays -Motion Carried <br />2. Conduct Public Hearing, Consider Resolution and Authorize Cooperative <br />2. Conduct Public <br />Agreement with Respect to Revenue Obligations to be Issued by the City of <br />Hearing, Consider <br />Lauderdale. <br />Resolution and <br />Authorize Cooperative <br />Agreement with <br />City Manager Lotter indicated Finance Director Davitt would be presenting this item to the Council. <br />Respect to Revenue <br />Finance Director Davitt stated Gina Forini from Kennedy& Graven would be presenting this <br />p g <br />obligations to be <br />Issued by the City of <br />item to the Council. <br />Lauderdale. <br />Gina Forini, Kennedy & Graven the City's Bond Counsel, explained Benedictine Health <br />System was asking the City hold a Public Hearing and provide host approval for the issuance <br />of the City of Lauderdale's conduit revenue bonds in the amount of $9 million. The proceeds <br />would be loaned to Benedictine Health System to be used to refinance outstanding bonds for <br />the facilities in New Brighton and Red Wing. She reviewed Minnesota State Law regarding <br />bond refinancing and explained the City would have no financial obligation with respect to the <br />bond refinancing. Ms. Forini recommended the Council authorize a cooperative agreement <br />with the Cities of Red Wing and Lauderdale. <br />Councilmember Bauman questioned <br />Motion by Councilmember Burg, seconded by Councilmember Jacobsen to open the <br />Public Hearing. <br />5 Ayes, 0 Nays - Motion Carried <br />The Public Hearing was opened at 6:51 p.m. <br />Mayor Jacobsen asked for additional comments, there were none. <br />Motion by Councilmember Burg, seconded by Councilmember Jacobsen to close the <br />Public Hearing. <br />5 Ayes, 0 Nays - Motion Carried <br />The Public Hearing was closed at 6:51 p.m. <br />Motion by Councilmember Jacobsen, seconded by Councilmember Burg to approve the issuance of <br />conduit revenue bonds and authorize a Cooperative Agreement with the Cities of Red Wing <br />and Lauderdale. <br />5 Ayes, 0 Nays -Motion Carried <br />3. Conduct Public Hearing to consider Resolution on the Initiation of Condemnation <br />3. Conduct Public <br />Hearing to consider <br />Proceedings for City Project 16-1, 2016 Street Rehabilitation. <br />Resolution on the <br />