HomeMy WebLinkAbout10-02-06 CITY OF LAKEVILLE
HOUSING AND REDEVELOPMENT AUTHORITY MEETING
OCTOBER 2, 2006
Chair Wulff called the meeting to order at 6:45 p.m. Roll call was taken.
Present: Commissioners Bellows, Johnson, Wulff, Rieb and Luick.
Also present: Steve Mielke, Executive bisector; Dennis Feller, Finance
Director and Charlene Friedges, City Clerk.
MINUTES
The minutes of the September 18, 2006 HRA meeting were approved as
presented.
ITEM 3
Chair WulfF opened the public hearing relating to the issuance of lease
revenue bonds for the third sheet ice arena project and its financing under
Minnesota Statutes Chapters 465, 469, 471 and 475.
Finance Director Dennis Feller explained that the proposed third sheet ice
arena will be used by non-governmental entities. The Internal Revenue
Code requires the HRA to provide a forum for members of the .public to
express their view with respect to the issuance of lease revenue bonds for
the proposed third sheet ice arena facility. Without a public hearing, only
minimal use by non-governmental entities would be allowed without
jeopardizing the. tax-exempt status of the bonds.
Mr. Feller stated that the Housing and Redevelopment Authority will
consider approval of a resolution on October 16t" authorizing the sale of
$9.23 million lease revenue bonds, along with. a lease agreement with the
City of Lakeville for bond payments.
There were no questions or comments from the HRA or members of the
audience.
06.04 Motion was made and seconded to close the public hearing relating to the.
issuance of lease revenue bonds for the third sheet ice arena project and
its financing under Minnesota Statute Chapters 465,. 469, 471. and 475.
CITY OF LAKEVILLE
HOUSING AND REDEVELOPMENT A UTHORITYMEETING
October 2, 2006
PAGE 2
Roll call was taken on the motion. Ayes, unanimous.
There being no further business, Chair Wulff adjourned the meeting at
6:48 p.m.
Respectfully submitted,
f~
Charlene ~riedges, City er
W ndy Wulff, hair
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