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Hugo City Council Meeting Minutes for June 5,2017 Page 6 of 8 Two bids were received in the amounts of$347,900 and $532,400, with Peterson Companies being the low bidder. The engineer's estimate was $402,800. The overall project cost was $471,600. The City did receive grant funding of$230,000 leaving the City cost at $241,600 to come from the stormwater fund. Petryk made motion, Klein seconded, to award the bid to Peterson Companies in the amount of $347,900. All Ayes. Motion carried. Public Hearing on the Issuance of Therapy Facilities Revenue Bonds —Minnesota Autism Center Proiect At the May 1, 2017, City Council meeting, the Council adopted a resolution calling for a public hearing on a proposal to Issue Therapy Facilities Revenue Bonds in an amount of no more than $5.1 million, on behalf of the Autism Opportunities Foundation, a Minnesota nonprofit corporation doing business as the Minnesota Autism Center (the "Borrower"). The bond proceeds will be used to finance the acquisition, construction, and equipping of an intensive therapy center for children and adults ages 10 to 21 diagnosed with autism spectrum disorder ("ASD"). The project will be located at 2010 Silver Bell Road in Eagan, Minnesota. The Borrower has agreed to pay the City of Hugo an issuer's administrative fee of 1/4 of 1% of the principal amount of the bonds. Briggs and Morgan, the City's bond counsel, has reviewed this request and finds it to be a proper use of the City's bonding authority. The City is only serving as the bond issuer and will have no obligations for repaying investors. Mary Ippel of Briggs and Morgan and Denise Raunig, the CFO of the Minnesota Autism Center were in attendance to answer questions concerning specifics of the project and financing thereof. Weidt opened public hearing. There were no comments, and the Mayor closed the public hearing. Petryk made motion, Klein seconded, to approve RESOLUTION 2017-17 APPROVING ISSUANCE AND SALE OF THERAPY FACILITIES REVENUE BONDS (Minnesota Autism Center Project). Ayes: Klein, Miron, Petryk, Haas, Weidt Nays: None Motion carried. Approve Recommendation from Parks Commission Regarding Goodview Avenue Property At the City Council meeting of September 19, 2016, the Parks Commission was directed to hold a neighborhood meeting about the future of the City-owned property on Goodview Avenue. Parks Planner Shayla Denaway explained that youth have built pedal bike jumps at the 2.34 acre property and there have been complaints from the adjacent property owners about the youth using the property. A neighborhood meeting was held at the Parks Commission meeting of November 9, 2016. Several residents had attended and shared a range of views from having fond memories of using the bike track to anger over the littering, bad behavior, and damage to the property. The Parks Commission directed staff to remove brush on the property and to make