My WebLink
|
Help
|
About
|
Sign Out
Home
Search
03-23-2015 Council Work Session Minutes
LinoLakes
>
City Council
>
City Council Meeting Minutes
>
2015
>
03-23-2015 Council Work Session Minutes
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
1/22/2016 11:59:46 AM
Creation date
1/20/2016 1:39:37 PM
Metadata
Fields
Template:
City Council
Council Document Type
Council Minutes
Meeting Date
03/23/2015
Council Meeting Type
Work Session Regular
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
2
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
CITY COUNCIL WORK SESSION March 23, 2015 <br />APPROVED <br />46 council will also be acting as the Economic Development Authority (EDA) to discuss the <br />47 issuance of lease revenue bonds for the new fire facility. <br />48 <br />49 Ms. Heaton reviewed a portion of a PowerPoint Presentation (on file — Page 5) outlining <br />50 the lease revenue bond process and the proposal to issue bonds. She noted that the <br />51 amount has been updated based on recent information and is now reduced. She noted that <br />52 a reserve could still be added as well as interest prior to issuance also. The parameters <br />53 established for the sale actually indicate a larger number than will actually be needed but <br />54 that allows for movement in rates — current rates are low so it appears to be a good time <br />55 for an issuance. The sale should be done by the end of May. <br />56 <br />57 Mayor Reinert explained how the numbers have been adjusted to a lower figure. He also <br />58 noted that the improvements being funded through the bonds will impact land that will <br />59 benefit from the work in the future. <br />60 <br />61 Ms. Heaton then reviewed the tax abatement process and explained what abatement is <br />62 and how it works, constraints for utilizing the abatement process (and confirmed that this <br />63 project meets requirements) and stressed that the abatement is noted for specific <br />64 properties but will be spread throughout the city. <br />65 <br />66 Ms. Heaton also briefly reviewed the proposed Street Reconstruction Bond issuance. The <br />67 project was authorized by referendum. <br />68 <br />69 The meeting was adjourned at 6:25 p.m. <br />70 <br />71 These minutes were considered, corrected and approved at the regular Council meeting held on <br />72 April 13, 2015. <br />73 <br />74 <br />75 <br />76C <br />77 Ju1. - Bartell, City 1 lerk <br />78 <br />2 <br />Jeff R- ne , Mayor <br />
The URL can be used to link to this page
Your browser does not support the video tag.