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10-20-09A regular meeting of the Hopkins City Council was held on October 20, 2009, in the Council Chambers of the Hopkins City Hall. Present were Mayor Maxwell and Council Members Youakim, Brausen, Rowan, and Halverson. Also, present were staff members Getschow, Genellie, Elverum, Harkess, Bradford, and City Attorney Jerry Steiner. I. CALL TO ORDER Mayor Maxwell called the meeting to order at 7:30 p.m. II. OPEN AGENDA PUBLIC COMMENTS AND CONCERNS There were none. III. CONSENT AGENDA 1. Minutes of the October 6, 2009 City Council Meeting 2. Minutes of the October 6, 2009 City Council Work Session 3. Minutes of the October 13, 2009 City Council Work Session 4. Second Reading for Ordinance 2009 -1007 (Memo) 5. Establish Legislative Policy 6 G, Fund Balance Policy (CR2009 -088) 6. Proclamation Minnesota Manufacturer's Week Council Member Halverson moved and Council Member Rowan seconded a motion to approve the Consent Agenda. A poll of the vote was as follows: Council Member Youakim, aye; Council Member Brausen, aye; Council Member Rowan, aye; Council Member Halverson, aye; Mayor Maxwell, aye. The motion carried unanimously. IV. PUBLIC HEARING 1. Adopt Resolution 2009 -054, Approving Application for Renewal of a Currency Exchange License for Pawn America (CR2009 -086) The Department of Commerce issues and regulates Currency Exchange Licenses. The City is required to hold a public hearing and approve of the license. The licensee is required to submit a financial report to the licensing agent prior to renewal. The Hopkins Police Department has not had any problems with the licensee. Mayor Maxwell opened the public hearing at 7:30 p.m. No one came forward. Council Member Brausen moved and Council Member Youakim seconded a motion to close the public hearing. The public hearing was closed by unanimous consent at 7:32 p.m. October 20, 2009 City Council Meeting Minutes Page 1 Council Member Rowan moved and Council Member Brausen seconded a motion to adopt Resolution 2009 -054, Resolution Approving the Renewal of a Currency Exchange License for Pawn America. A poll of the vote was as follows: Council Member Youakim, aye; Council Member Brausen, aye; Council Member Rowan, aye; Council Member Halverson, aye; Mayor Maxwell, aye: The motion carried unanimously. V. NEW BUSINESS 1. Approve Resolution 2009 -054, Authorizing the Filing of a Grant Application and Execution of Final Agreements with Hennepin County. The Cities of Hopkins and Minnetonka would partner to submit a Hennepin County Youth Sports grant application for the Shady Oak Beach Community Play Area. Construction would begin in August of 2010 and be completed in time for the 2011 summer season. The cities have included a project that would replace the existing water play area at Shady Oak Beach with a community play area in their Capital Improvement Plans for the past two years. This is the first of three grant series to be awarded in 2010. The maximum amount of grant is $400,000. The grant is funded by the stadium tax. The grant would reduce Hopkins' share of the cost of the improvements from $102,000 to $62,000. Council Member Brausen moved and Council Member Youakim seconded a motion to adopt Resolution 2009 -052, authorizing the filing of a grant application and execution of the final agreements with Hennepin County. A poll of the vote was as follows: Council Member Youakim, aye; Council Member Brausen, aye; Council Member Rowan, aye; Council Member Halverson, aye; Mayor Maxwell, aye. The motion carried unanimously. 2. Second Amendment to PUD /Development Agreement MarketPlace and Main (CR2009 -085) Kersten Elverum, Director of Planning and Economic Development gave a brief summary of the history of this project. In the spring of 2009, the Beard Group requested an amendment to change the units from owner- occupied to rental with construction to begin no later than October 31, 2009. The second phase would begin by May 31, 2010. The Beard Group has now requested an amendment to begin first phase construction no later than January 31, 2010 and second phase construction no later than August 31, 2020. Council Member Youakim moved and Council Member Brausen seconded a motion to approve the Second Amendment to PUD /Development Agreement between the City of Hopkins and Marketplace Holdings, Inc. A poll of the vote was as follows: Council Member Youakim, aye; Council Member Brausen, aye; Council Member Rowan, aye; Council Member Halverson, aye; Mayor Maxwell, aye. The motion carried unanimously. 3. Approve Resolution 2009 -055, Supporting a 2009 Single Family Standard Application and Supplemental Land Acquisition for Affordable New development (LAAND) Grant (CR2009 -087) October 20, 2009 City Council Meeting Minutes Page 2 A grant funded by the Minnesota Housing Finance Agency (MHFA, Metropolitan Council, and Family Housing Fund has been made available for the purpose of land banking key redevelopment sites that are not immediately ready for redevelopment. The program emphasizes development near transit, requires a 20% minimum affordable housing component and that Green Communities Criteria be satisfied. The Park Nicollet Medical Clinic at 815 1 St S was recently closed and will be on the market in the near future. The site is one block from the future Downtown Station for the Southwest Light Rail Transit line and is on 8 Ave S, which has been designated as the physical connector from the Downtown Station to Mainstreet. Transit oriented Development on 8 Ave is necessary to realize that connection. The City has a unique opportunity to purchase the property until redevelopment is feasible using LAAND funds. Staff became aware of the grant Tess than a week before the application was due, and submitted an application with the expectation that a City Council resolution supporting the application would be submitted as soon as possible to complete the application. The grant funds would have to be paid back when the property is sold for redevelopment. Council Member Youakim moved and Council Member Brausen seconded a motion to adopt Resolution 2009 -055, supporting an application to Minnesota Housing Finance Agency and others for funds to purchase the Park Nicollet Clinic and authorize staff to execute agreements necessary to implement the project. A poll of the vote was as follows: Council Member Youakim, aye; Council Member Brausen, aye; Council Member Rowan, aye; Council Member Halverson, aye; Mayor Maxwell, aye. The motion carried unanimously. 4. Adopt Resolution 2009 -058 for Award of Bid Water Treatment Plant Emergency Generator, City Project 07 -09 (CR2009 -090) The bid opening for the Portable Emergency Generator was held on October 7 The low bid was $327,338.85, which is approximately $7,000 more than the engineer's final estimate. Three bids were received. The low bidder is Total Construction and Equipment Inc. from Inver Grove Heights, MN. Council Member Halverson moved and Council Member Rowan seconded a motion to adopt Resolution 2009 -058, Resolution for Award of Bid, Portable Emergency Generator, City Project 07 -09. A poll of the vote was as follows: Council Member Youakim, aye; Council Member Brausen, aye; Council Member Rowan, aye; Council Member Halverson, aye; Mayor Maxwell, aye. The motion carried unanimously. 5. Adopt Resolution 2009 -057, Authorizing Sale of $3,340,000 G.O. Bonds, Series 2009B (CR2009 -089) Each quarter, Ellers and Associates reviews the City's bond portfolio. The City has used existing funds to pay for the utility portion of street improvement projects. To ensure adequate funds are on hand for future utility infrastructure improvements, the City needs to replenish the October 20, 2009 City Council Meeting Minutes Page 3 utility funds. Due to low interest rates, now is a good time to sell bonds. Staff also recommended refinancing the 1999C Storm Sewer Bonds and the 2000A bonds. The refinance will save an estimated $107,548 in interest. Dave Callister, Ellers and Associates, came forward to answer questions. Putting the bonds together into one offering makes them more attractive to investors. Four separate bond sales would increase the cost. November 17, 2009 is the sell date. Council Member Rowan moved and Council Member Halverson seconded a motion to adopt Resolution 2009 -057, Resolution Providing for the Sale of $3,340,000 General Obligation Bonds, Series 2009B. A poll of the vote was as follows: Council Member Youakim, aye; Council Member Brausen, aye; Council Member Rowan, aye; Council Member Halverson, aye; Mayor Maxwell, aye. The motion carried unanimously. 6. Third Quarter 2009 Financial and Investment Report (Memo) Director of Finance, Christine Harkess, presented a report of the 2009 third quarter financials and investments. There was no action. VIII. ADJOURNMENT There being no further business, Council Member Halverson moved and Council Member Brausen seconded a motion to adjourn the meeting. The meeting was adjourned by unanimous consent at 8:25 p.m. Respectfully Submitted, Terry Obermaier, City Clerk ATTEST: Euge J. ell, Mayor October 20, 2009 City Council Meeting Minutes COUNCIL EMBERS Page 4