03-20-2018 City Council MinutesHOPKINS CITY COUNCIL
REGULAR MEETING PROCEEDINGS
MARCH 20, 2018
CALL TO ORDER
Pursuant to due call and notice thereof a regular meeting of the Hopkins City Council
was held on Tuesday, March 20, 2018 at 7:00 p.m. in the Council Chambers at City
Hall, 1010 First Street South, Hopkins.
Mayor Cummings called the meeting to order with Council Members Kuznia, Halverson,
Gadd and Campbell attending. Staff present included City Manager Mornson, Finance
Director Bishop, City Clerk Domeier, Director of Planning and Development Elverum,
Assistant City Manager Lenz, City Attorney Riggs and Public Works Director Stadler.
ADOPT AGENDA
Motion by Campbell. Second by Gadd.
Motion to Adopt Agenda.
Ayes: Kuznia, Halverson, Cummings, Gadd, Campbell.
Nays: None. Motion carried.
CONSENT AGENDA
Motion by Kuznia. Second by Halverson.
Motion to Approve the Consent Agenda.
1. Minutes of the March 6, 2018 City Council Regular Meeting Proceedings
2. Minutes of the March 6, 2018 City Council Work Session following Regular
Meeting Proceedings
3. Second Reading: Ordinance Amending Chapter 1200.17 of the Hopkins City
Code Pertaining to On -Sale 3.2 Percent Malt Liquor Sales
4. Resolution Establishing Legislative Policy 3-G — Electronic Signature Policy
5. Subrecipient Grant Agreement — Moline Park and Ride
6. Purchase Agreement — Moline Park and Ride
Ayes: Kuznia, Halverson, Cummings, Gadd, Campbell.
Nays: None. Motion carried.
NEW BUSINESS
VII.. Authorize the Sale of $6,645,000 General Obligation Bonds, Series 2018A
and $3,355,000 General Obligation Tax Abatement Bonds, Series 2018B
Finance Director Bishop gave an overview of the staff report discussing the bonds,
funding and projects financed. Approval of the resolution would allow the staff to
proceed with the bond rating.
Mayor Cummings asked about the different uses for the general and tax abatement
bonds. Mr. Bishop explained that there are separate classifications and he would get
more specifics and update the Council. Mayor Cummings asked if the bonds were bank
qualified. Mr. Bishop commented that bonds issued under ten million are bank qualified.
Motion by Campbell. Second by Kuznia.
HOPKINS CITY COUNCIL
REGULAR MEETING PROCEEDINGS
MARCH 20, 2018
Motion to adopt Resolution 2018-25 Providing for the Sale of $6,645,000
General Obligation Bonds Series 2018A.
Ayes: Kuznia, Halverson, Cummings, Gadd, Campbell.
Nays: None. Motion carried.
Motion by Campbell. Second by Gadd.
Motion to adopt Resolution 2018-027 Providing for the Sale of $3,355,000
General Obligation Tax Abatement Bonds, 2018B.
Ayes: Kuznia, Halverson, Cummings, Gadd, Campbell.
Nays: None. Motion carried.
VI1.2. 2017 4th Quarter Financial and Investment Report
Finance Director Bishop reviewed the 2017 4th Quarter Financial and Investment Report
with the Council. Mr. Bishop gave an overview of the General Fund revenues &
expenditures, the Special Revenue Fund revenues, expenditures & financial position,
and an overview of the Enterprise Fund revenues, expenditures & financial position. Mr.
Bishop commented that the General Fund met the goal of the fund balance policy. Mr.
Bishop discussed the financial position of the Arts Center and Depot Coffee House. The
Depot Coffee House revenues were down due to the Highway 169 construction project
and that staff has a plan of price increases and asking for additional support from
funding partners. Mr. Bishop discussed the changes and impacts to the Financial
Management Plan (FMP). The 5 -year average impact to homeowners is $104. Mr.
Bishop explained the next steps in the budget process which include settling employee
contracts, the bond sale and continuing to update the FMP.
Mayor Cummings asked about the FMP and 2019 budget process. Mr. Bishop
explained that the FMP is updated regularly and discussed the 2019 budget timetable.
Mayor Cummings thanked Mr. Bishop for his report.
VIII. ANNOUNCEMENTS
• Hopkins Academy will be held on April 5, 12, 19 and 26.
ADJOURNMENT
There being no further business to come before the City Council and upon a motion by,
Kuznia second by Campbell, the meeting was unanimously adjourned at 7:22 p.m.
OPEN AGENDA — PUBLIC COMMENTS AND CONCERNS
The City Council did not receive any comments or concerns.
Respectfully Submitted,
TE, T Debbie Vold
Molly ummings, M yor Amy Domeier, City Clerk