HomeMy WebLinkAboutCity Council - 12/17/2002 - HRA APPROVED MINUTES
HOUSING AND REDEVELOPMENT AUTHORITY
TUESDAY,DECEMBER 17,2002 7:00 PM, CITY CENTER
Council Chamber
8080 Mitchell Road
HOUSING&REDEVELOPMENT AUTHORITY MEMBERS: Mayor Nancy Tyra-Lukens,
Councilmembers Sherry Butcher,Ron Case,David Luse and Jan Mosman
CITY COUNCIL STAFF: City Manager Scott Neal,Parks &Recreation Director Bob Lambert,
Public Works Director Eugene Dietz,Management and Budget Director Don Uram, City Planner
Michael Franzen, City Attorney Ric Rosow and Council Recorder Peggy Rasmussen
I. ROLL CALL/CALL THE MEETING TO ORDER
Mayor Tyra-Lukens called the meeting to order at 7:00 p.m.
II. MINUTES
A. HRA MEETING HELD DECEMBER 3,2002
MOTION: Case moved, seconded by Mosman, to approve the minutes of the HRA
meeting held December 3, 2002, as published. Motion carried 5-0.
III. H.R.A. RESOLUTION NO. 2002-04 AUTHORIZING CALL OF CERTAIN OUT-
STANDING LEASE REVENUE BONDS (CITY HALL PROJECT), SERIES 1993A
Uram explained the outstanding lease revenue bonds were issued for the City Hall Project.
The Series 1993A Bonds maturing in the year 2003 are subject to prepayment at a price
equal to the principal amount and accrued interest to the date of redemption. The aggregate
principal outstanding is $930,000 with a current call date of February 1, 2003. By calling,
the City will save $296,000 in interest. Sufficient funds exist in the Debt Service Fund to
prepay the bonds.
MOTION: Butcher moved, seconded by Case, to adopt Resolution No. 2002-04
authorizing call of certain outstanding lease revenue bonds (City Hall Project), Series
1993A.
IV. ADJOURNMENT
MOTION: Mosman moved, seconded by Luse,to adjourn the HRA meeting. Motion
carried 5-0. Tyra-Lukens adjourned the meeting at 7:07 p.m.
- Approval of Minutes on December 17,2002-Please Initial
Sherry Butcher Ronald Case David Luse
�7an Diosman �'rancy T`ra-Lukens
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