102411 EDACITY OF NEW HOPE
4401 XYLON AVENUE NORTH
NEW HOPE, MINNESOTA 55428
EDA Minutes October 24, 2011
Regular Meeting City Hall
CALL TO ORDER President Hemken called the meeting of the Economic Development
Authority to order at 7:51 p.m.
ROLL CALL Present: Kathi Hemken, President
John Elder, Commissioner
Andy Hoffe, Commissioner
Absent: Eric Lammle, Commissioner
Daniel Stauner, Commissioner
Staff Present: Kirk McDonald, City Manager
Mark Hanson, City Engineer
Curtis Jacobsen, Director of Community Development
Guy Johnson, Director of Public Works
Valerie Leone, City Clerk
Chris Long, Project Manager
Susan Rader, Director of Parks and Recreation
Steve Sondrall, City Attorney
APPROVE MINUTES Motion was made by Commissioner Hoffe, seconded by Commissioner Elder,
to approve the Regular Meeting Minutes of May 9, 2011. Voting in favor:
Hemken, Elder, Hoffe; voting against: None; Absent: Lammle, Stauner;
Abstained: None. Motion carried
REVENUE BONDS President Hemken introduced for discussion Item 4, A Resolution relating to
Item 4 taxable lease revenue bonds, series 2011A (city of New Hope annual
appropriation lease obligations) (qualified energy conservation bonds - direct
payment to issuer); authorizing the sale thereof, fixing the form and details,
providing for the execution and delivery thereof and security therefor.
EDA RESOLUTION Commissioner Elder introduced the following resolution and moved its
2011 -02 adoption: "RESOLUTION RELATING TO TAXABLE LEASE REVENUE
Item 4 BONDS, SERIES 2011A (CITY OF NEW HOPE ANNUAL
APPROPRIATION LEASE OBLIGATIONS) (QUALIFIED ENERGY
CONSERVATION BONDS - DIRECT PAYMENT TO ISSUER);
AUTHORIZING THE SALE THEREOF, FIXING THE FORM AND
DETAILS, PROVIDING FOR THE EXECUTION AND DELIVERY
THEREOF AND SECURITY THEREFOR ". The motion for the adoption of
the foregoing resolution was seconded by Commissioner Hoffe, and upon
vote being taken thereon, the following voted in favor thereof: Hemken,
Elder, Hoffe; and the following voted against the same: None; Abstained:
None; Absent: Lammle, Stauner; whereupon the resolution was declared duly
passed and adopted, signed by the president which was attested to by the
EDA Meeting
Page 1 October 24, 2011
executive director.
ADJOURNMENT Motion was made by Commissioner Elder, seconded by Commissioner Hoffe,
to adjourn the meeting. Voting in favor: Hemken, Elder, Hoffe; voting
against: None; Absent: Lammle, Stauner; Abstained: None. Motion carried
The New Hope EDA adjourned at 7:52 p.m.
Respectfully submitted,
Valerie Leone, City Clerk
EDA Meeting
Page 2 October 24, 2011