HomeMy WebLinkAboutApr 2005 EDA Minutes16200 Eagle Creek Avenue S.E.
Prior Lake, MN 55372-1714
April 18, 2005
PRIOR LAKE
ECONOMIC DEVELOPMENT AUTHORITY
MEETING
Call to Order and Pledge of Allegiance
Present were President Zieska and Commissioners Haugen, Fleming, LeMair and Petersen, Executive Director
Boyles, EDA Attorney Pace, Assistant Treasurer Teschner, Managing Director of Northland Securities Steve
Mattson, Secretary Green.
The meeting was called to order at 6:45 p.m. at the Fire Station City Council Chambers.
Approval of Minutes
MOTION BY PETERSEN, SECONDED BY LEMAIR, TO APPROVE THE MINUTES OF THE MARCH 21, 2005,
MEETING AS PRESENTED.
VOTE: Ayes by Zieska, Fleming, Haugen, LeUair and Petersen. The motion carried.
Consider Approval of A Resolution Authorizing the Issuance of EDA Revenue Bonds
Assistant Treasurer Teschner introduced the resolution. Steve Mattson of Northland Securities presented the
results of the bond sale of $10 million to finance city hall and police station. Approximately $500,000 in tax levy
savings was achieved by bond insuring.
Comments:
Petersen: Thanked Mattson for job well done.
Haugen: Stated it was nice to see a half million dollars saved over the life of the bond.
MOTION WAS MADE BY FLEMING, SECONDED BY PETERSEN TO APPROVE RESOLUTION 05-03EDA
APPROVING $10,000,000 PUBLIC PROJECT REVENUE BONDS, SERIES 2005B.
VOTE: Ayes by Zieska, Fleming, Haugen, LeMair and Petersen. The motion carried.
Adjourn
A motion was made by Fleming and seconded by Petersen to adjourn the meeting. With all in favor, the meeting
adjourned at 6:52 p.m.
Frank Boyles, Exec~
Charlotte Green, Recording Secretary
www.cityofpriorlake.com
Phone 952.447.4230 / Fax 952.447.4245