2017.07.05 CC Minutes - Laserfiche WebLink

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Hugo City Council Meeting Minutes for July 5,2017 Page 4 of 5 Approve Time Chante for the Historical Commission Meetings The Hugo Historical Commission had held their meetings on the third Tuesday of the month at 6:30 p.m. Members of the Commission discussed the meeting time and whether it was the still the best time for everyone's schedule. The Commission elected to meet earlier in the day at 1 p.m. Adoption of the Consent Agenda approved the change in time for the meetings of the Historical Commission from 6:30 p.m. to 1 p.m. Public Hearing on the Issuance of Therapy Facilities Revenue Bonds—Minnesota Autism Center Proiect A public hearing was held on June 5, 2017 on the proposal to issue these bonds; however, the hearing was invalid due to lack of public notice. Finance Director Ron Otkin explained that at the June 19, 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 would 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 had 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, had reviewed this request and found it to be a proper use of the City's bonding authority. The City would only be serving as the bond issuer and will have no obligations for repaying investors. Weidt opened the public hearing. There were no comments, and Weidt closed the public hearing. Haas made motion, Miron seconded, to approve RESOLUTION NO. 2017-23 APPROVING ISSUANCE AND SALE OF THERAPY FACILITIES REVENUE BONDS (Minnesota autism center Project) series 2017. All Ayes. Motion carried. Yellow Ribbon Network Update Council Members Chuck Haas and Phil Klein reported to Council on the City of Hugo's Yellow Ribbon Network activities. Burger night was held last Wednesday, and over 200 burger baskets were sold. Mark Schwope was the sponsor. Upcoming sponsors include the Hugo Public Works Department, Senate District Republicans, Mueller Mortuary, and Wilson Tool. On July 15, a YRN crew will be assisting a veteran move to Woodbury. The Hugo Lions Club will hold a golf outing on August 12, 2017, with proceeds going to the YRN. Dream of Wild Health Event on July 13, 2017 Petryk added this to the agenda to inquire whether the Council was interested in attending the presentation of the award of the Legacy Grant to the Dream of Wild Health on Thursday, July 13, 2017 11 a.m. The Dream of Wild Health is located at 16085 Jeffrey Avenue.