HomeMy WebLinkAbout08-03-92CITY OF LAKEVILLE
HOUSING AND REDEVELOPMENT AUTHORITY MEETING
AUGUST 3,1992
Chair Mulvihill called the meeting to order at 6:45 p.m. Roll call was
taken. Present: Commissioners Zaun, Sindt, Mulvihill and Harvey. Absent:
Commissioner Ruhmann.
Also present: R. Erickson, Executive Director; R. Knutson, City Attorney; D.
Feller, Finance Director; C. Friedges, City Clerk.
MINUTES
The minutes of the July 20, 1992, H.R.A. meeting were approved as presented.
ITEM 3
Chair Mulvihill opened the public hearing on the issuance of Ice Arena Lease
Revenue Bonds in an aggregate amount not exceeding $1,375,000 for the purpose
of financing a project consisting of the acquisition, construction and
equipping of an approximately 40,000 square foot ice arena facility to be
located at Ipava Avenue and Trunk Highway 50. The City Clerk attested that
public notice was duly published in the City's legal newspaper on July 20,
1992.
Mr. Dick Asleson of Juran & Moody, Inc. explained that his staff is still
soliciting buyers for these bonds. He explained that investors have
expressed a concern about purchasing investments which are backed, at least
in part, with pull -tab revenue. Therefore, he recommended the H.R.A. conduct
the public hearing, take questions and comments and close the public hearing
this evening. He further recommended the H.R.A. table consideration of the
agreement with Juran & Moody and the resolution authorizing issuance of the
bonds until August 4th.
There was no one in the audience wishing to make comments or ask questions
about the proposed bond sale.
92.15 Motion was made by Sindt, seconded by Zaun to close the public hearing.
Commissioner Harvey felt the public hearing should remain open until August
4th, at which time the hearing could be closed.
Commissioner Sindt amended her motion to continue the public hearing on the
issuance of Ice Arena Lease Revenue Bonds until August 4, 1992, at 7:15 p.m.,
seconded by Harvey.
Roll call was taken on the motion. Ayes, Zaun, Sindt, Mulvihill, Harvey.
There being no further business, Chair Mulvihill adjourned the meeting at
6:50 p.m.
Respectfully submitted,
Charlene Friedges, City ler
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