2014.06.16 CC Minutes - Laserfiche WebLink

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Hugo City Council Meeting Minutes for June 16, 2014 Page 3 of 8 surplus, with proceeds going to the City, and authorized the unit be sold in a manner determined by the Fire Department. Approve Recreational Program Policy In follow-up to the joint workshop of the City Council and Parks, Recreation, and Open Space Commission held on April 9, 2014, a Recreation Program Policy was drafted. At their meeting of June 11, 2014, the Parks Commission recommended approval of the policy which included three main goals: partner with local program providers; encourage use of Hugo parks, trails and facilities; and to offer a variety of quality programs and events. Adoption of the Consent Agenda approved the Recreational Program Policy as presented. Special Event Permit for Parenting with a Purpose Motorcycle Ride on June 28, 2014 Staff added this to the agenda. Parenting With a Purpose applied for a Special Event Permit to hold a MN Mentoring Ride on Saturday, June 28, 2014. The ride will begin at Saks Restaurant in Vadnais Heights and will end at the Hanifl Fields Shelter. This is a fundraising event to bring awareness and financial support for their programs that connect children of prisoners to caring adults. Adoption of the Consent Agenda approved the Special Event Permit for the MN Mentoring Ride on June 28, 2014 Award of Bid - 165th Street/Intiersoll Ave Mill and Overlay Proiect At its March 17, 2014 meeting, the Council ordered the preparation of plans and specifications for the 165th Street and Ingersoll Avenue street improvements, east of TH61. The City opened bids on June 5, 2014, and four bids were received with the low bid being submitted by North Valley, Inc. in the amount of $620,843.45. Haas made motion, Klein seconded, to award the construction contract to North Valley, Inc. in the amount of $620,843.45 All Ayes. Motion carried. Public Hearing - Proposal for Issuance of Charter School Lease Revenue Bonds The City was asked to consider issuing Charter School Lease Revenue Bonds, in an amount of no more than $20 million, on behalf of CS Property Noble, LLC (CSPN). CSPN is a Minnesota nonprofit liability company. CSPN will use the bond proceeds to finance the acquisition, construction, and equipping of an approximately 95,000 square foot school facility in Brooklyn Park to be leased to Noble Academy. Noble Academy is approved as a K-8 charter school by the Minnesota Department of Education. CSPN will pay the City an issuance fee of 0.25% of the par amount of the bonds. Although this will preclude the City from issuing additional bonds in 2014, the City has no further plans to borrow this year. Briggs and Morgan, the City's bond counsel, reviewed this request and found it to be a proper use of the City's bonding authority. The City of Hugo is only serving as the bond issuer and will have no obligations for repaying investors. At the May 19, 2014 meeting, the Council adopted the resolution calling for a public hearing on the issuance of the bonds.