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City Council Regular Meeting Minutes <br />May 28, 20\3 <br />I <br />2 <br />3 <br />4 <br />5 <br />6 <br />7 <br />8 <br />9 <br />10 <br />II <br />12 <br />\3 <br />14 <br />15 <br />16 <br />17 <br />18 <br />19 <br />20 <br />21 <br />22 <br />23 <br />24 <br />25 <br />26 <br />27 <br />28 <br />29 <br />Page 3 <br />30 V. <br />31 <br />32 <br />33 <br />34 VI. <br />35 <br />36 <br />37 <br />38 <br />39 <br />40 <br />41 <br />42 <br />43 <br />44 <br />45 <br />46 <br />and can be utilized by the City for any purposes. The Council should have a discussion on the <br />appropriate use for these funds at a work session to provide staff with direction accordingly. <br />It was noted that representatives of the Borrower were in attendance at the May 28 th City Council <br />meeting to respond to questions concerning the proposed bonds. To proceed with the proposed <br />bond issue following the public hearing, the Council should adopt the attached resolution <br />approving the issuance of the bonds and approving the housing program for the proposed <br />development and its financing prepared in accordance with Minnesota Statutes, Chapter 462C. <br />Mayor Faust invited anyone wishing to address the Council during the public hearing to come <br />forward. <br />There being no additional public input , Mayor Faust closed the public hearing at 7:09 p.m. <br />Councilmember Stille asked for a comparison to the Landings Project. Ms. Kvilvang explained <br />the details of the Landings Project. Councilmember Stille noted the reason this is being done is <br />because it is a no risk project for the City and there is an affordability component for the <br />residents. The City also receives the $187 ,500 fee. <br />Councilmember Jenson asked if the 1% fee is an adequate amount. Ms. Kvilvang answered in <br />the affirrnati ve. <br />Motion by Councilmember Stille, seconded by Councilmember Jenson, to approve Resolution <br />\3-043; Giving Preliminary Approval to the Issuance of Multifamily Housing Revenue Bond <br />Pursuant to Minnesota Statutes, Chapters 462A and 462C, on Behalf of St. Anthony Leased <br />Housing Associates II, Limited Partnership. <br />Motion carried unanimously. <br />REPORTS FROM COMMISSION AND STAFF <br />No reports <br />GENERAL BUSINESS OF COUNCIL. <br />A. Green Corp Update. Nick Voss, Green Corp Member is presenting. <br />Mr. Nick Voss, Green Corp Member, presented a MN GreenCorps Update for January -May, <br />2013. He noted this will be his last presentation and indicated he feels he has become a member <br />of the community through his work in St. Anthony. He reviewed: <br />WastelRecycling <br />School Recycling <br />St. Anthony City Hall Waste/Recycling Study <br />Diamond Eight Terrace Signage <br />Kenzington Signage