IV.3. Minutes of the December 8, 2020 City Council Special Meeting ProceedingsHOPKINS CITY COUNCIL
SPECIAL MEETING PROCEEDINGS
DECEMBER 8, 2020
CALL TO ORDER
Pursuant to due call and notice thereof a special meeting of the Hopkins City Council was
held on Tuesday, December 8, 2020 at 6:30 p.m. in the Council Chambers at City Hall,
1010 1st Street South.
Mayor Gadd called the meeting to order with Council Members Brausen and Hunke
attending. Council Members Beck participated via virtual means. Council Member
Halverson joined the meeting shortly thereafter. Others attending included City Manager
Mornson, Assistant City Manager Lenz, City Clerk Domeier, Finance Director Bishop and
Director of Planning and Development Elverum.
Mayor Gadd provided information on the meeting format and other opening remarks.
ADOPT AGENDA
Motion by Brausen. Second by Hunke.
Motion to Adopt the Agenda.
Ayes: Beck, Brausen, Hunke, Gadd.
Nays: None. Absent: Halverson. Motion carried.
NEW BUSINESS
VII.1. Award the Sale of $4,385,000 General Obligation Refunding Bonds, Series
2020B; Bishop
Finance Director Bishop provided a summary of Council Report 2020-100
recommending that the sale of the bonds be awarded based on the recommendation of
Ehlers & Associates for issuance noting the update to the sale amount of $3,990,000 .
The 2012B and 2013A General Obligation Bonds will be called and prepaid.
Mayor Gadd questioned when it is recommended to do a refunding of bonds. Stacie
Kvilvang, Senior Municipal Advisor at Ehlers & Associates, provided that quarterly
reviews are performed to decide when refunding is necessary. Council Member Hunke
questioned the bid opening results. Mr. Bishop clarified the bid results and the premium
on the bids.
Motion by Hunke. Second by Brausen.
Motion to Adopt Resolution No. 2020-065 Awarding the Sale of General
Obligation Refunding Bonds, Series 2020B, in the Original Aggregate Principal
Amount of $3,990,000; Fixing Their Form and Specifications; Directing Their
Execution and Delivery; Providing for Their Payment; and Providing for the
Redemption of Bonds Refunded Thereby.
Ayes: Beck, Brausen, Halverson, Hunke, Gadd.
Nays: None. Motion carried.
HOPKINS CITY COUNCIL
SPECIAL MEETING PROCEEDINGS
DECEMBER 8, 2020
ANNOUNCEMENTS
Mayor Gadd stated the next City Council regular meeting will be on December 15 at 7
p.m.
ADJOURNMENT
There being no further information to come before the City Council and upon a motion
by Brausen, second by Beck, the meeting was unanimously adjourned at 6:40 p.m.
Respectfully Submitted,
Amy Domeier, City Clerk
ATTEST:
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Jason Gadd, Mayor
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Amy Domeier, City Clerk