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City Council Regular Meeting Minutes <br />June 11, 2019 <br />Page 2 <br /> <br />coordination is a hurdle staff has had to handle. The partnerships with the County have always 1 <br />been strong and deep. 2 <br /> 3 <br />III. CONSENT AGENDA. 4 <br /> 5 <br />A. Approval of May 28, 2019 City Council Meeting Minutes. 6 <br />B. Licenses and Permits. 7 <br />C. Claims. 8 <br /> 9 <br />Motion by Councilmember Randle, seconded by Councilmember Jenson, to approve the Consent 10 <br />Agenda items. 11 <br /> 12 <br />Motion carried 5-0. 13 <br /> 14 <br />IV. PUBLIC HEARINGS 15 <br /> 16 <br />A. Resolution 19-052; a Resolution Approving Tax Abatement on Identified Tax Parcel 17 <br />Numbers to Finance Various Storm Water Improvements. 18 <br /> 19 <br />Mayor Faust opened the public hearing at 7:11 p.m. 20 <br /> 21 <br />Mr. Keith Dahl, Ehlers & Associates, reviewed the City is moving forward with the process to 22 <br />make necessary improvements to address flooding along Silver Lake Road and in the Industrial 23 <br />Park to pay for the City’s portion of improvements to County Road C. These improvements are 24 <br />expected to cost approximately $2,276,000. The City will be receiving grant funds from the 25 <br />DNR and two other entities and funds from Ramsey County, which total $852,000. The 26 <br />remaining costs need to be financed with a general obligation tax abatement bond. To meet the 27 <br />City’s financing parameters, it is anticipated that the City will issue these bonds in an amount not 28 <br />to exceed $1.6M with a 15-year term (anticipated bond amount is $1,505,000). 29 <br /> 30 <br />The City has the authority under Minnesota Statute 469 to issue abatement bonds for these 31 <br />projects. In order to grant tax abatement, the City is required to hold a public hearing on the 32 <br />amount of the abatement to be granted, identify the properties from which they will abate the 33 <br />City’s portion of the taxes and describe the public purpose for granting the abatement. 34 <br /> 35 <br />The City will be abating its portion of the taxes from the following properties: 36 <br />313023310036, 0702923110012, 0702923110030, 0702923110031, 0702923110015, 37 <br />0702923110011, 0702923110026, 0702923110025, and 0702923110022, 38 <br /> 39 <br />The property locations were indicated on a map. 40 <br /> 41 <br />The public purpose in granting the abatement is that the City expects the benefits to the City of 42 <br />the abatement to at least equal to or exceed the costs to the City and that granting the abatement 43 <br />is in the public interest. 44 <br /> 45 <br />2