2002-05-28 CITY OF MOUND
HOUSING AND REDEVELOPMENT AUTHORITY
MAY 28, 2002
The Housing and Redevelopment Authority of and for the City of Mound, Minnesota,
met in regular session on Tuesday, May 28, 2002, at 6:30 p.m. in the council chambers
of City Hall.
Members present: Chairperson Pat Meisel, Commissioners Mark Hanus and Peter
Meyer. Commissioners Osmek and Brown's arrivals are noted during the meeting.
Others Present: City Clerk, Bonnie Ritter; Community Development Director, Sarah
Smith; Finance Director, Gino Businaro; Jim Prosser of Ehlers & Associates; and Jeff
Anderson from the Public Safety Facility Committee.
1. OPEN MEETING
Chairperson Meisel called the meeting to order at 6:43 p.m.
2. APPROVE AGENDA
MOTION by Hanus, seconded by Meyer to approve the agenda as presented. All voted
in favor. Motion carried.
3. APPROVE MINUTES
MOTION by Hanus, seconded by Meyer to approve the minutes of the May 14, 2002
regular meeting. All voted in favor. Motion carried.
4. RESOLUTION INITIATING PROCESS FOR ADOPTION OF REDEVELOPMENT
PLAN
MOTION by Meyer, seconded by Hanus to adopt the following resolution. All voted in
favor. Motion carried.
RESOLUTION NO. 02-03H: RESOLUTION INITIATING PROCESS FOR ADOPTION
OF REDEVELOPMENT PLAN
5. RESOLUTION PROVIDING FOR THE SALE OF $6,860,000 PUBLIC SAFETY
BUILDING LEASE REVENUE BOND~ SERIES 2002
Jim Prosser reviewed the resolution, which is the item forecasting the sale of bonds
related to the Public Safety Facility, with actual authorization of bond sale to take place
on June 25. Prosser gave an update on the pre-sale report. He gave details to
answer the question of how a $5 million dollar building warrants a $6,860,000 bond
offering.
* Commissioner Osmek arrived at this point in the meeting.
Mound HRA Minutes - May 28, 2002
Discussion followed regarding the necessity to stay within budget on this building, and
the fear that if the money is bonded for, it will be spent.
* Commissioner Brown arrived at this point in the meeting.
MOTION by Hanus, seconded by Osmek to adopt the following resolution. All voted in
favor. Motion carried.
RESOLUTION NO. 02-04H:
RESOLUTION PROVIDING FOR THE SALE OF
$6,860,000 PUBLIC SAFETY BUILDING LEASE
REVENUE BONDS, SERIES 2002
MOTION by Hanus, seconded by Brown to direct Jim Prosser to prepare a budget for
the Public Safety Facility Project that includes a $500,000 reserve to be used at the
discretion of the HRA. Meyer stated that he disagrees with this because it shows a lack
of trust in the building committee. Those voting in favor: Brown, Hanus, Meisel and
Osmek. Those voting against: Meyer. Motion carried.
6. ADJOURN
MOTION by Meyer, seconded by Hanus to adjourn the meeting at 7:50 p.m. All voted
in favor. Motion carried.
Attest: Bonnie Ritter, City Clerk
Chairperson Pat Meisel
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