09-06-16 Special HRA Minutes SPECIAL MEETING OF THE
HOUSING AND REDEVELOPMENT AUTHORITY
September 6, 2016
Pursuant to due call and notice thereof, a special meeting of the Housing and Redevelopment
Authority of the City of Golden Valley, Hennepin County, Minnesota, was held at 7800 Golden
Valley Road in said City on September 6, 2016, at 5:30 pm.
The following members were present: Chair Steve Schmidgall, Commissioners Larry Fonnest,
Shep Harris, Joanie Clausen and Andy Snope. Also, present were HRA Director Cruikshank,
Assistant HRA Director Nevinski, City Attorney Garry, and City Clerk Luedke.
Brookview Communitv Center Financin� - Lease Revenue Bonds; Authorizinq the
Issuance, Establishina Sale Parameters, Prescribin� the Form and Details and
Providinq for the Pavment
Sue Virnig, Finance Director introduced the agenda item and answered questions from the
Commissioners. HRA Director Cruikshank answered questions from the Commissioners.
David MacGillvray, Springsted Bond Consultant, provided the Commissioners with an
overview of the lease revenue bonds to be used for finance for Brookview Community Center
and answered questions for the Commissioners.
Jennifer Hanson, Dorsey and Witney, provided additional information to the Commissioners
regarding the lease revenue bonds and answered questions from the Commissioners.
Commissioner Harris introduced the following resolution and move its adoption:
RESOLUTION RELATING TO LEASE REVENUE BONDS; AUTHORIZING THE
ISSUANCE, ESTABLISHING SALE PARAMETERS, PRESCRIBING THE FORM
AND DETAILS AND PROVIDING FOR THE PAYMENT THEREOF
The motion for the adoption of the foregoing was seconded by Commissioner Clausen and
upon a vote being take the following voted in favor of: Clausen, Fonnest, Harris, Schmidgall,
and Snope; and the following voted against the same: none, whereupon said resolution was
declared duly passed and adopted, signed by the Chair and his signature attested by the
Executive Director.
Second Amendment to Private Development Aqreement for Global One Golden Vallev,
LLC, and 394 Associates, LLP
Marc Nevinski, Assistant HRA Director introduced the agenda item and answered questions
from the Commissioners.
MOVED by Harris, seconded by Snope and motion carried unanimously to authorize the Chair
and Director to sign the Second Amendment to Private Development Agreement for Global
One Golden Valley, LLC, and 394 Associates, LLP.
Special Meeting of the Housing and Redevelopment Authority
September 6, 2016
Page 2
Adiournment
MOVED by Harris, seconded by Fonnest and motion carried unanimously to adjourn the
meeting at 6:02 pm.
Steven T. Schmidgall, Chair
ATTEST:
Kristine A. Luedke, City Clerk