HomeMy WebLinkAboutCC MINUTES 03272012I
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CITY OF ST. ANTHONY
CITY COUNCIL REGULAR MEETING MINUTES
MARCH 27, 2012
CALL TO ORDER.
Mayor Faust called the meeting to order at 7:00 p.m.
PLEDGE OF ALLEGIANCE.
Mayor Faust invited the Council and audience to join him in the Pledge of Allegiance.
ROLLCALL.
Present:
Absent:
Also Present:
Guest:
Mayor Faust; Councilmembers Gray, Jenson, Roth, and Stille.
None.
City Manager Mark Casey, City Attorney Jay Lindgren, Police Chief John Ohl,
Liquor Operations Manager Mike Larson, and Public Works Director Jay Hartman.
Stacie Kvilvang (Ehlers & Associates).
CONSIDERATION, DISCUSSION, AND POSSIBLE ACTION ON ALL OF THE FOLLOWING
ITEMS.
I. APPROVAL OF MARCH 27, 2012, CITY COUNCIL MEETING AGENDA.
Motion by Councilmember Gray, seconded by Counc ilmember Jenson, to approve the City
Council Meeting Agenda of March 27, 2012.
Motion carried unanimously.
II. PROCLAMATIONS AND RECOGNITIONS.
33 None.
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35 III. CONSENT AGENDA.
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A. Consider March \3, 2012, Counci l meeting minutes;
B. Consider licenses and permits;
C . Consider payment of claims; and
D. Consider Resolution 12-038 ; Requesting an Advance from the Municipal State Aid Street
Fund for Calendar Year 2012 for the City ofSt. Anthony Village, Minnesota.
Motion by Councilmember Jenson, seconded by Councilmember Gray, to approve the Consent
Agenda items.
Motion carried unanimously.
48 IV. APPEAL HEARING.
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City Council Regular Meeting Minutes
March 27 ,2012
Page 2
A. Revocation of Cigarette & Tobacco License for Flamezz Hookah Lounge located at 3805
Stinson Blvd.
Mayor Faust opened the public hearing at 7:05 p.m.
Police Chief Ohl presented a timeline of enforcement actions related to the April 26 , 20 II,
adoption by the City Council of an Ordinance disallowing sampling. He advised that throughout
20 II and 2012 , the Police Department conducted multiple compliance checks at Flamezz
Hookah Lounge. He stated that on June 2, 20 II , and June 10 , 20 II , officers found individuals
smoking fTom hookahs and Mr. Kiblawi was charged by formal complaint and citation. He
indicated on December 8, 20 II , the City received a favorable ruling from Hennepin County that
the City's Ordinance was in compliance with State law and on December 15 ,2011 , another
compliance check found individuals smoking from hookah pipes inside the business. He advised
that following a compliance check on February 13 ,2012, Mr. Kiblawi was charged with an
Ordinance violation and on February 25 , 2012 , Mr. Kiblawi was charged with a violation of the
State 's Clean Indoor Air Act. He added that on March 10,2012, a plainclothes check by officers
for one hour found people smoking from hookahs including refilling of the hookah pipes .
Mr . Eric Brever, 2812 Anthony Lane South , appeared before the City Council and stated he
represents Flamezz Hookah and Mr . Kiblawi. He stated they oppose the City 's recommended
motion and urged the City Council to continue his client's license. He explained this issue began
in February 2010 when his client met with City staff to explain he wanted to open a hookah
lounge ; durin g that meeting, they discussed the Clean fndoor Air Act as well as sampling and
ultimately , the City gave its okay as other cities have allowed sampling and it is permitted under
the Clean Indoor Air Act. He indicated his client installed a special HV AC ventilation system to
mitigate the second hand smoke as required by City staff and in late May, a Certificate of
Occupancy was issued followed by a tobacco license on June 24, 20 I O. He stated that the June
22 ,2010 City Council agenda was the first mention his client had that there was an issue with the
indoor smoking, after he had spent considerable money and after his license was issued. He
stated in early 20 II, the City provided notice of an amendment to the tobacco ordinance, which
Flamezz Hookah opposed at three separate readings, including his client 's belief that the
Ordinance may not be upheld or enforceable. He stated that the 20 II charges were tried last
week and his client was acquitted by a jury of the misdemeanor violations of the City 's tobacco
ordinance. He indicated they have long protested the City 's position on the ordinance and felt
the ordinances were targeted to eliminate his client's business. He stated that his client retains
all legal rights, including attorney 's fees , based on the City Council's action this evening, and
urged the City Council to reissue the tobacco license to his client.
Ms. Rosalie Hall , 3850 Stinson Boulevard, appeared before the City Council and stated she lives
across the street from Flamezz Hookah. She expressed frustration about the amOlmt of noise
coming from the business at I :30 or 2:00 a.m. when a number of customers come out of the
building and use their beeping remote controls to unlock their cars, as well as the amount of
talking and laughing. She stated she lives in a senior building and they cannot have their
windows open in the summer because of all the noise. She indicated the Police Department has
been great but frequently by the time the Police arrive, the customers have left the parking lot.
She indicated a lot of their residents are disabled and they are afraid to call the Police because
City Council Regular Meeting Minutes
March 27 , 2012
Page 3
I they fear that someone at the Flamezz Hookah will find out they called the Police and might
2 damage their cars in the parking lot. She recited a portion of the City Ordinance regarding
3 obnoxious noises and noted it is a violation to operate any device between the hours of 8:00 p .m.
4 and 7 :30 a.m. in a manner so as to be audible at the property line . She indicated this was a
5 nuisance all last summer and as neighbors, they deserve the r ight to be considered. She also
6 expressed concern about the young people who are smoking in the hookah lounge , which is
7 apparently worse than smoking cigarettes.
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9 Mayor Faust closed the public hearing at 7:24 p.m.
\0
II City Attorney Lindgren reminded the City Council that its role in a public hearing is to determine
12 whether violations of the City's tobacco license ordinance has occurred. He stated it is not a
13 question of whether these are criminal actions because this is a license hearing and the City
14 Council needs to be reasonable and deliberate. He opined that the Criminal Court decision is not
15 relevant to this discussion because the criminal proceeding involved a question of whether
16 something occurred beyond a reasonable doubt. He summarized the evidence, which includes
17 the Police Chiefs report of violations as well as incident reports showing smoking in the
18 business, not just sampling. He stated there has been a clear indication of tobacco use and
19 specifically pointed out the City's license as granted requires compliance with the State 's Clean
20 Indoor Air Act and the City Council needs to consider whether a violation of that law has
21 occurred. He noted the Clean Indoor Air Act is a law even broader than the City 's Ordinance
22 and pertains to any smoking. He reminded the City Council that this is an annual license
23 designed to be renewed on an annual basis and any changes to the standards are known to any
24 licensee. He stated the City Council's options include adopting a motion revoking the license
25 immediately or adopting a motion to extend the license to its full duration of March 15,2012.
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27 Mayor Faust asked if State statute allows the City to be more stringent.
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29 City Attorney Lindgren replied in the affirmative and stated the statute allows cities to adopt a
30 more stringent standard specifically with regard to prohibiting sampling of tobacco products,
31 which the City did in 20 II.
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33 Councilmember Roth asked if the statute defines sampling.
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35 City Attorney Lindgren advised the statute does not specifically define sampling, which is why
36 the Police Chiefs report includes examples of incident reports where tobacco was being sampled
37 for extended durations of time.
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39 Councilmember Stille requested confirmation that the City's ability to be more stringent was
40 upheld in the court case in December.
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42 City Attorney Lindgren replied this was correct and the question of whether the City had the
43 authority to adopt its Ordinance was upheld by the Court . He noted the recent acquittal ofMr.
44 Kiblawi was related to criminal charges brought for alleged violations of the City'S Ordinance
45 and the Court found him not guilty beyond a reasonable doubt. He explained that the criminal
City Council Regular Meeting Minutes
March 27, 2012
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27 V.
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31 VI.
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action is separate from the actions taken to determine whether the City's Ordinance was proper
and the City Council has a responsibility to act in accordance with its Ordinance.
Motion by Councilmember Stille, seconded by Council member Jenson , to revoke the cigarette
and tobacco license for Flamezz Hookah Lounge located at 3805 Stinson Boulevard, effective
2400 hours (midnight) on March 27, 2012.
Councilmember Stille stated the statute indicates that lighting tobacco products is allowed for the
specific purpose of sampling and the Flamezz Hookah business model is based on smoking. He
noted the statute allows sampling which represents the crux of why the City changed its
Ordinance and tonight's action represents the City 's ability to act on that Ordinance. He added
there has been some rhetoric about the value of the improvements made to the building and the
City 'S building pennit application indicates the value of these improvements was about l/61h of
the amount claimed.
Councilmember Roth stated he has struggled with the definition of sampling and he did not
understand how a business model could be created around something you sample. He indicated
in his opinion, this is indoor smoking and does not represent sampling.
Mayor Faust stated the City Council does not take lightly revoking someone 's license. He
indicated revisions to the City 's Ordinance began last April so this has not been sprung on
anyone without advance notice. He added this is not an easy decision but the City Council is
charged with the betterment of the community.
Motion carried nnanimously.
REPORTS FROM COMMISSION AND STAFF.
None.
GENERAL BUSINESS OF COUNCIL.
A . Resolution 12-039; Approve a Re~uest to Keep No More Than Five Female Chickens in
an R-I Zoning District at 3013 2911 Avenue NE. Mark City, City Manager, presenting.
City Manager Casey presented Mr. Eric Moore 's request to keep no more than five female
chickens.
Mr. Eric Moore , 3013 291h Avenue NE, appeared before the City Council and stated the City
recently approved his neighbor 'S request to keep female chickens. He stated his nine-year-old
daughter has expressed a desire to keep chickens and they see this as a great opportunity to teach
responsibility to their children as well as understanding the science of keeping chickens.
Miss Trinity Moore appeared before the City Council and stated she would be thankful if the
City Council approved their request to have chickens.
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City Council Regular Meeting Minutes
March 27, 2012
Page 5
Motion by Councilmember Gray, seconded by Councilmember Roth , to approve Resolution 12-
039; Approve a Request to Keep No More Than Five Female Chickens in an R-I Zoning District
at 3013 29th Avenue NE.
Councilmember Stille noted that the City Council will be discussing this issue in the future and
there may additional rules imposed as part of the City's current Ordinance to provide additional
structure to this process .
Motion carried unanimously.
B. Resolution 12-040; Authorizing Issuance. Awarding Sale, Prescribing the Form and
Details and Providing for the Payment of $9.660.000 General Obligation Bonds. Series
2012A . Stacie Kvilvang, Ehlers & Associates. presenting.
Ms . Kvilvang explained the City previously authorized the sale of$9,660,000 in General
Obligation Bonds and the sale was held today . She noted the bond size was reduced to
$9 ,495,000 and includes refunding the City's 2003 HRA Leave Revenue Bonds, refunding the
City 's 2006A and 2007A bonds, and new money for the City's 2012 road reconstruction project.
She presented the sales report indicating Baird as the lowest responsible bidder with a true
interest cost of 1.93%. She pointed out the City 's overall savings is over $700,000 over the life
of the bonds representing a present value of$637,000 and annual savings of$66,000 over the
next 10-12 years for the City. She added that a rating call with S&P upheld the City's AA rating.
Motion by Councilmember Stille, seconded by Councilmember Roth, to approve Resolution 12-
040; Authorizing Issuance, Awarding Sale, Prescribing the Form and Details and Providing for
the Payment of$9,495,000 General Obligation Bonds, Series 2012A.
Motion carried unanimously.
C. St. Anthony Liquor Operations Annual Report. Mike Larson, Liquor Operations
Manager. presenting.
Liquor Operations Manager Larson presented the City 'S Liquor Operations 20 II annual report.
He stated the City owns two off-sale liquor stores and the municipal liquor operation's profits are
used to reduce the property tax levy, provide funds for special projects, and provide funds for
equipment purchases . He noted the liquor operation successfully passed all compliance checks
performed in 20 II. He reviewed 20 II sales noting an increase in sales of $167,873 or 2.46% to
$6.9 million , representing a net profit of$471 ,247 for 2011. He discussed operating expenses
and stated the City's 2010 liquor operations were once again below the Statewide average of
17.1 %. He explained the tum ratio represents how many times inventory is turned over and the
City'S tum ratio was 8.12 times per year compared to a typical tum ratio of six to eight times per
year. He stated that labor costs typically run 10% and the City 's labor costs for its liquor
operations was 9%. He indicated that sales per square foot were $764 compared to an average of
$600 per square foot and the City ranked 7th in the State for total sales and 6 th in the metro for net
profits. He stated that 92% of the customer survey results rated employee relations, store
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City Council Regular Meeting Minutes
March 27, 2012
Page 6
VII.
appearance, and product selection as excellent or good overall and 80% of people are aware that
the liquor operations profits reduce taxes.
Mayor Faust expressed the City Council's thanks to Liquor Operations Manager Larson and all
of the employees for their efforts.
Councilmember Stille congratulated Liquor Operations Manager Larson on the favorable
operating expense ratio .
D. St. Anthony Public Works Annual Report. Jay Hartman, Public Works Director,
presenting .
Public Works Director Hartman presented the Public Works 2011 annual report and reviewed the
department's mission statement and organizational structure. He advised the City's streets were
swept II times in 20 II, approximately 100 tons of blacktop was used for asphalt repair, and
there were 12 snow plowing events in 20 II. He noted that no sand was used in the City for
plowing operations in 2011. He stated the Parks Division is responsible for maintenance and
repair of City parks and storm water retention ponds and noted that 20 II was the first time the
City was unable to open its warming houses due to the warm weather. He reviewed the
Water/Sewer Division 2011 activities and stated the City purchased and installed a computer in
the utility truck to aid employees with maps when responding to sewer and main breaks. He
explained the Vehicle Maintenance Division provides the necessary vehicle maintenance and
repair of all in-house vehicles and also supports the Police Department and Liquor divisions . He
reviewed the training of employees and stated they worked with MWMO to provide a seminar
for ice control as well as a turf maintenance seminar. He discussed the 2011 street and utility
improvement program and noted the City's goal is to complete all City streets in 2024. He also
reviewed (he lui i and LOil Slree( recunslfudiurt prujt:d.s as wdi (t~ liu; '2v12 LED l1cJI;~i.liaJl
safety enhancements, which include installation of a flashing stop sign at 29th Avenue and
Crestview and 33'd Avenue and Rankin Road. He stated that in-pavement crosswalks are
planned for 34th Avenue and Silver Lake Road and Kenzie Terrace at Pentagon Drive. He
advised the City was recognized at the League conference as a Green Step 2 City and the City
will be working toward Step 3 in 2012. He stated in 2012, the City will continue working on the
building energy audit to improve the efficiency of public buildings , as well as the annual street
maintenance and construction, providing funding for the Lowry treatment system for the storm
sewer that leaves the City, Silver Lake TMDL phosphorus reduction plan, and dredging projects.
He outlined the 2012 upcoming events and noted further information will be included in the
newsletter. He stated that the Public Works department was able to achieve all 20 II goals
within each division and attributed the success of the department to the employees.
Mayor Faust expressed the City Council's thanks to the Public Works Department for their
servIce.
REPORTS FROM CITY MANAGER AND COUNCIL MEMBERS.
City Manager Casey -No report .
City Council Regular Meeting Minutes
March 27, 2012
Page 7
I Councilmember Stille reported on his attendance at the March 20th meeting with the Planning
2 Commission where he presented the City Council goals in his role as liaison to the Planning
3 Commission, followed by ajoint City CouncillPlanning Commission meeting. He commended
4 the Planning Commissioners for a difficult meeting on March 20th and wanted to publicly thank
5 them.
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7 Councilmember Gray reported on his attendance at a St. Anthony Lions event on March 24th
8 which included a tour of the Lions eye clinic at the University of Minnesota.
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10 Councilmember Jenson reported on his attendance at the March 26th St. Anthony Historical
II Society meeting and indicated that another book is being published to supplement the History of
12 St. Anthony book and will feature stories from WWlI veterans. He asked if anyone has stories
13 they would like to share, they should contact the historical society. He also reported on his
14 attendance at the March 20th joint City CouncillPlanning Commission meeting.
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16 Councilmember Roth reported on his ride-along with Police Officer Jim South on Friday
17 evening, March 23'd He thanked ChiefOhl and Officer South for their professionalism.
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19 Mayor Faust reported on his attendance at the following:
20 • March 20th presentation to the Chamber of Commerce to provide a City update and goals
21 presentation.
22 • March 20th joint City COlmcillPlanning Commission meeting.
23 • March 22nd local government legislative conference that included Gov . Dayton and
24 leadership from the House. He stated he also had an opportunity to speak to several
25 legislators and senators.
26 • March 23'd meeting at the University hosted by the Alliance for Sustainability.
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28 VIII. COMMUNITY FORUM.
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30 Mayor Faust invited residents to come forward at this time and address the Council on items that
31 are not on the regular agenda.
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33 Ferdinand Peters, 842 Raymond Avenue, St. Paul, appeared before the City Council and stated
34 he represents Abu Huraira Islamic Center, the applicant that came before the City for a
35 conditional use permit in February . He stated they followed the City's procedures for obtaining
36 a CUP because they entered into a Purchase Agreement to buy the St. Anthony Business Center.
37 He indicated his client plans to use 15,000 square feet of basement space for an assemb ly area.
38 He stated they attended the February Planning Commission meeting for a concept review and
39 only two issues came up at that time. He indicated the Planning Commission asked if the
40 building would be taken off the real estate tax rolls and he informed the Planning Commission
41 that it would not and they plan to get more business tenants in the building. He indicated the
42 other question raised by the Planning Commission was whether the site had adequate parking
43 and about what happens when there is a religious assembly. He stated that they paid the $130
44 CUP filing fee on February 14th and following the concept review they were told they would be
45 on the Planning Commission agenda in March. He indicated they attended the March 20th
46 Planning Commission meeting and were told they were not on the agenda and the Planning
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City Council Regular Meeting Minutes
March 27,2012
Page 8
Commission Chair would not tell them why they were pulled from the agenda. He indicated it
was pointed out to them in a letter that on March 13 1h , the City Council passed an ordi nan ce
based on a March 6 memo from the City Attorney that it had been proposed to consider
amending the Zoning Code w ith respect to allowing assembly halls as conditional uses in the
City'S Light Industrial and Commercial Zoning Districts. He stated he did not know at the time
that la st October, a Christian church came to the City and on October 25, 2011 , this church went
through a concept review and the Planning Commission recommended approval for an assembly
area in the Light Industrial zone . He recited portions of the City Council meeting minutes and
indicated that in October, the City Co uncil allowed a religious institution that had paid its $130
filing fee to go through the process and the City Council did not pass a moratorium at that time.
He asked if the C ity Council will now pass a resolution to consider his client 's CUP application
and referenced the Zoning Code which allows assembly areas as a conditional use in the Light
Industrial area. He also referenced the Religious Land Use Act and felt the City 'S actions were
questionable. He discussed the City 's criteria for conditional uses and indicated that the
proposed use is not a mosque but an assembly area for prayer. He again asked the City Council
whether it will allow this CUP to go forward now and not try to run out the clock on the 60 days.
Khada Kader Abdi , 1249 St. Anthony Avenue, St. Paul , appeared before the City Council and
asked the City Council to approve the CUP. He stated the Abu Huraira Islamic Center is not a
mosque and will be a prayer center in a space that is not being used now. He urged the City
Council to approve their CUP for the sake of diversity, for the sake of strengthening their
communities, for fulfilling their dreams, and building a brighter future for their children. He felt
their center would contribute positively to the Village of St. Anthony. He stated they continue to
be law ab idin g c iti zens who should enjoy the same rights and privileges as others . He expressed
thanks to all who came here tonight and others who have showed their support.
Michael Bird, 3416 Edward Street, appeared before the C ity Council and expressed concern that
the property would somehow end up off the tax rolls after the purchase and the City would lose
about $80,000 per year in real estate taxes. He felt that taxes are too high in the City and was
concerned that taxes will go higher as a result of this purchase.
Bill Flemer, appeared before the City Council and stated he has been practicing Islam since
1974. He agreed with Mr. Peters's and Mr. Abdi 's statements and stated that he would like to
see St. Anthony include itself on the list to not be biased and that is willing to show people its
intentions are nothing but good . He stated that the Muslims just want a sma ll place to pray and
they will rent out the other areas in the building.
Jennifer Nelson, 3329 Belden Drive, appeared before the City Council and stated that one of the
things she lik ed about St. Anthony was the small town feel and that it is a welcoming place in the
middle of such a large area. She feared that St. Anthony would gain a reputation that betrays the
we lcom in g feeling she had when she moved here and wanted to officially state that she would
welcome Muslim neighbors to join and be a part of the community . She stated there is so much
division now, politically, culturally, and religiously, and urged the City Council to ask itself what
kind of community it wants to be and would this proposed use get the City on the path to
becoming that community. She felt that approving this CUP would be a great step in that
direction.
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City Council Regular Meeting Minutes
March 27, 2012
Page 9
Mayor Faust thanked everyone for their comments. He stated that the issue of whether or not
this property is on the City's tax rolls has not entered into any discussion by the City Council.
He advised there are two parallel actions going on at the same time, the first is the application for
a conditional use permit by Abu Huraira Islamic Center, and the law provides 60 days for the
C ity to act on the CUP request and also provides an additional 60 day extension. He stated that
the City happened to put a moratorium in place on any applications that might come after the
Abu Huraira Islamic Center's applicat ion because the City Council felt it needed to take the time
to do the right thing regarding land uses. He stated this has never been about religion or a church
and is strictly about land use. He indicated the City Council will make a decision in a timely
manner and with all available information and will do so without fear, without public opinion,
without anything other than what is good for the community because that is the charge of the
City Council.
IX. INFORMATION AND ANNOUNCEMENTS.
None.
X. ADJOURNMENT.
Mayor Faust adjourned the meeting at 9: I 0 p.m.
Respectnilly submitted,
Barbara Hughes
TimeSaver Off Site Secretarial, [nco
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City C lerk
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Folder: NES 3011
Document: CC MINUTES 03272012
CERTIFICATION OF MINUTES RELATING TO
PUBLIC FACILITIES LEASE REVENUE BONDS
(CITY OF ST. ANTHONY, MINNESOTA LEASE OBLIGATION)
SERIES 2003
Issuer: Housing and Redevelopment Authority of the City of St. Anthony
Governing Body: Board of Commissioners
Kind, date, time and place of meeting: A regular meeting held on March 27, 2012, at
7:00 o'clock p.m., at the City Hall, St. Anthony, Minnesota.
Members present: Fwd , Ile_
Members absent: Na o'L
Documents Attached:
Minutes of said meeting (including): Pages 1 through 4
RESOLUTION RELATED TO PUBLIC FACILITIES LEASE
REVENUE BONDS, SERIES 2003 (CITY OF ST. ANTHONY
ANNUAL APPROPRIATION LEASE OBLIGATIONS);
APPROVING THE REDEMPTION THEREOF AND THE
EXECUTION OF AN ESCROW AGREEMENT WITH
RESPECT THERETO
I, the undersigned, being the duly qualified and acting recording officer of the public
corporation issuing the Bonds referred to in the title of this certificate,certify that the documents
attached hereto, as described above, have been carefully compared with the original records of
said corporation in my legal custody, from which they have been transcribed; that said
documents are a correct and complete transcript of the minutes of a meeting of the governing
body of said corporation, and correct and complete copies of all resolutions and other actions
taken and of all documents approved by the governing body at said meeting, so far as they relate
to said Bonds; and that said meeting was duly held by the governing body at the time and place
and was attended throughout by the members indicated above, pursuant to call and notice of such
meeting given as required by law.
WITNESS my hand officially as such recording officer on Marct'1?—,%, 2012.
Executive Director
Commissioner Roth introduced the following resolution and moved its adoption, which
motion was seconded by Commissioner Stille:
RESOLUTION RELATED TO PUBLIC FACILITIES LEASE REVENUE
BONDS, SERIES 2003 (CITY OF ST. ANTHONY ANNUAL
APPROPRIATION LEASE OBLIGATIONS); APPROVING THE
REDEMPTION THEREOF AND THE EXECUTION OF AN ESCROW
AGREEMENT WITH RESPECT THERETO
BE IT RESOLVED by the Board of Commissioners of the Housing and Redevelopment
Authority of the City of St. Anthony (the "Authority"), as follows:
Section 1. Recitals. The Authority has issued its $5,530,000 Public Facilities Lease
Revenue Bonds, Series 2003 (City of St. Anthony Annual Appropriation Lease Obligations)
dated, as originally issued, as of July 1, 2003 (the "Series 2003 Bonds"), to finance the
construction of the public works facility and fire station (the "Facilities") which are leased by the
Authority to the City of St. Anthony(the "City"), pursuant to a Lease Agreement, dated July 1,
2003 (the "Lease"),between the Authority, as lessor, and the City, as lessee. The City is issuing
its General Obligation Bonds, Series 2012A (the "Series 2012 Bonds"), and upon the issuance of
the Series 2012 Bonds will purchase the Facilities from the Authority as provided in the Lease.
The purchase price of the Facilities received by the Authority will be applied to pay all principal
and interest due on the Series 2003 Bonds to and including February 1, 2013 (the "Redemption
Date"), and to pay and redeem all Series 2003 Bonds maturing on or after February 1, 2013 on
the Redemption Date.
Section 2. Payment and Redemption of Series 2003 Bonds. Upon receipt by the
Authority of the purchase price of the Facilities from the City, the Authority shall deposit the
purchase price of the Facilities in accordance with the Escrow Agreement (the "Escrow
Agreement"), between the City, the Authority and U.S. Bank National Association, as escrow
agent (the "Escrow Agent"). The funds deposited shall be invested in securities authorized for
such purpose by Minnesota Statutes, Section 475.67, subdivision 8, maturing on such dates and
bearing interest at such rates as are required to provide funds sufficient, with cash retained in the
escrow account, to pay all principal and interest to become due on the Series 2003 Bonds to and
including the Redemption Date and to pay and redeem the outstanding principal of the Series
2003 Bonds maturing on or after February 1, 2013 on the Redemption Date. The redemption of
the Series 2003 Bonds maturing after February 1, 2013 on the Redemption Date is hereby
approved. The Chair and Executive Director are hereby authorized to enter into the Escrow
Agreement with the City and the Escrow Agent.
Upon vote being taken thereon, the following voted in favor thereof:
Faust, Gray, Jenson, Roth, Stille
and the following voted against the same:
None
whereupon the Resolution was declared duly passed and adopted.