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10-08-2024 City Council MeetingHOPKINS CITY COUNCIL REGULAR MEETING PROCEEDINGS OCTOBER 8, 2024 CALL TO ORDER Pursuant to due call and notice thereof a regular meeting of the Hopkins City Council was held on Tuesday, October 8, 2024, at 6:30 p.m. in the Council Chambers at City Hall, 1010 1st Street South. Mayor Hanlon called the meeting to order with Council Members Garrido, Goodlund, Hunke, and Kuznia attending. Others attending included City Manager Mornson, Assistant City Manager Casella, City Clerk Domeier and Finance Director Bishop. ADOPT AGENDA Motion by Garrido. Second by Hunke. Motion to Adopt the Agenda. Ayes: Garrido, Goodlund, Hanlon, Hunke, Kuznia Nays: None. Motion carried. CONSENT AGENDA Motion by Goodlund. Second by Garrido. Motion to Approve the Consent Agenda. 1.Minutes of the October 1, 2024, Regular Meeting Proceedings 2.Second Reading: Ordinance No. 2024-1209 Amendment of the Hopkins Charter by Ordinance; Bishop 3.Second Reading: Ordinance No. 2024-1210 Amendment of the Hopkins Charter by Ordinance; Bishop Ayes: Garrido, Goodlund, Hanlon, Hunke, Kuznia Nays: None. Motion carried. NEW BUSINESS VII.1. 325 Blake Road/Alatus Development; Elverum The City’s Finance Advisor Stacie Kvilvang presented a financing structure that allows the development at 325 Blake to move forward in advance of a full -funding commitment from the private market. Ms. Kvilvang asked for an indication of support from the City Council to allow for the issuance of temporary Tax Increment Financing (TIF) bonds. Tony Kuechle with Alatus Development and James Wisker with the Watershed District both shared their comments on the proposed financing and development. After careful consideration about potential risks to the city, the City Council generally supported moving forward with the financing option proposed. The financing option will come back to the City Council for formal approval. ANNOUNCEMENTS Mayor Hanlon shared the City Council meeting schedule. HOPKINS CITY COUNCIL REGULAR MEETING PROCEEDINGS OCTOBER 8, 2024 ADJOURNMENT There being no further business to come before the City Council, and upon a motion by Hunke, second by Garrido, the meeting was unanimously adjourned at 7:09 p.m. Respectfully Submitted, Amy Domeier, City Clerk