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CITY OF LAKEVILLE
HOUSING AND REDEVELOPMENT AUTHORITY MEETING
OCTOBER 16, 2006
Chair Wulff called the meeting to order at 7:58 p.m. Roll call was taken.
Present: Commissioners Bellows, Johnson, Wulff, Rieb and Luick.
Also present: Steve Mielke, Executive Director; :Dennis Feller, Finance
Director and Charlene Friedges, City Clerk.
MINUTES
The minutes of the October 2, 2006 HRA meeting were approved as
presented.
ITEM 3
Finance Director Dennis Feller presented a resolution authorizing the
issuance and sale of $9,230,000 Lease Revenue Bonds to finance the
i construction of an ice arena. The resolution authorizes Springsted
Incorporated to proceed with negotiating the sale of the Lease Revenue
Bonds consistent with the Joint Powers Agreement between the City of
.Lakeville and School District 194 for the third sheet ice arena project.
He explained that the project will be leased by the HRA to the City of
Lakeville pursuant to a lease-purchase agreement and subleased to
Lakeville Arenas, a Minnesota joint powers entity, for operation pursuant to
a sublease agreement. The HRA will consider final authorization for
issuance of the bonds and. approval of the necessary lease documents on
November 20, 2006.
06.05 Motion was made and seconded to approve Resolution No. 06-3
authorizing the issuance and sale of $9,230,000 Lease Revenue Bonds (Ice
Arena Project), Series 2006.
Roll call was taken on the motion. Ayes, unanimous.
.There being no further business, Chair Wulff adjourned the meeting. at
8:02 p.m.
CITY OF LAKEVILLE
HOUSING AND REDEVELOPMENT A UTHORITY MEETING
October 16, 2006
PAGE 2
Respectfully submitted,
arlene Friedges, City Jerk.
.Wen ulff, Chan