2009.09.08 CC Minutes - Laserfiche WebLink

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Hugo City Council Minutes for September 8, 2009 Page 3 of 8 with the Washington County Sheriffs Department and recommends approval. Adoption of the Consent Agenda approved the revisions to the City's Emergency Action Plan. Approve Rescheduling Date for CSAH 8 East Open House for Tuesday, September 29, 2009 At its July 6, 2009 meeting, the Hugo City Council accepted the recommendation from the Washington County Highway Department for the scheduling of an Open House for the CSAH 8 east road improvement project for Wednesday, September 9, 2009. Since that time, Washington County officials have requested the City of Hugo reschedule the date. Staff reviewed the City's public meeting calendar and recommends Council select Tuesday, September 29, 2009 at the City's Rice Lake Centre Community Room. Adoption of the Consent Agenda approved the scheduling of the CSAH 8 East Open House for Tuesday, September 29, 2009 from 4-7 p.m. at the City's Rice Lake Centre Community Room. Public Hearing on Resolution Authorizing Tax Abatement At its August 17, 2009 meeting, Hugo City Council scheduled a public hearing for Tuesday, September 8, 2009 at or after 7:00 p.m. in order to take public comment on the use of tax abatement to finance the purchase of parkland (the former Hansen gravel pit) and construction of a park building at Rice Lake Park. Finance Director Ron Otkin provided an overview of tax abatement. Parks Commission Chair Roger Clark explained the purchase of the Hansen property for a future park was consistent with the Master Parks Plan, and it is likely the Hanson gravel pit property will not be developed for some time. Mayor Fran Miron opened the public hearing to take any and all public comments. There were no oral or written comments. Weidt made motion, Klein seconded, to approve RESOLUTION NO. 2009-27 RESOLUTION APPROVING PROPERTY TAX ABATEMENTS. Ayes: Petryk, Haas, Klein, Weidt, Miron Nays: None Motion carried. Approve Resolution Providing for the Sale of $1,605,000 G.O. Tax Abatement Bonds City Finance Director Ron Otkin explained that State law authorizes the issuance of tax abatement bonds to finance public purpose expenditures, including acquiring parkland and constructing park improvements. In the previous motion, Council approved Tax Abatements bonds to be issued to provide funding to acquire parkland (Hansen property) and pay for improvements to the parkland (Rice Lake Park Shelter) in the public interest. To provide up- front funding for these items, staff recommends the issuance of tax abatement bonds in the amount of $1,605,000. Ron has worked closely with the City's financial advisors and legal counsel to assemble a bond issue that utilizes tax abatement, and he explained that, if approved, bids will be received until 10:30 a.m. on Monday, October 5, and will be considered by the City Council at their meeting on that evening. Haas made motion, Petryk seconded, to approve RESOLUTION NO. 2009-28 PROVIDING FOR THE COMPETITIVE NEGOTIATED SALE OF $1,605,000 GENERAL OBLIGATION TAX ABATEMENT BONDS, SERIES 2009B.