NOVEMBER AGENDA MEETING MINUTES

NOVEMBER 2, 2009

The meeting was called to order at 7:15 p.m.  Present for the meeting were board chair Jeff Bachke, supervisors Greg Andrews and John Goman, Treasurer Holly Herstad, clerk Patti Alander, deputy clerk Cammy Hansen and George Eilertson of Northland Securities.

George described various funding options that may be available to finance construction of a new North Fire Hall.  Basically, two options are available:  Certificate of Participation (Lease Purchase Bonds) or General Obligation Capital Improvement Plan Bonds.  The main difference between the two is that the Lease Purchase Bonds do not require a referendum but are priced approximately 50 basis points higher than the G.O. Capital Improvement Plan Bonds.  The G.O. Capital Improvement Plan Bonds, which do not require a referendum, but do require a public hearing, a 30 day waiting period and are subject to a “reverse referendum.”  George brought some hypothetical comparisons of the two.  The board asked George to do some additional comparisons using net bond proceeds of $400,000.00.  He will prepare that information and forward it to the board.  In order to have this included in the 2011 levy, we need to have this approved at the March Annual meeting and should hold the public hearing in mid January if we want to use the Capital Improvement Plan Bond method of financing.  Further discussion will be required at a later date.  George Eilertson exited the meeting at this point.

The board looked over the letter we received from WLSSD on 10/19/09 regarding fee increases.  WLSSD fees are increasing 37.7% over 2009 prices.  Jeff suggested we put this information in the next Rice Lake Township newspaper so that residents are aware of this significant increase in cost.

Cammy informed the board that Resolution 09-11-30 rezoning properties along W. Calvary Road will be presented and voted on at the upcoming board meeting.

Cammy informed the board that a new fire escrow account was established in trust for D. Paremski.  The account will hold funds until the property has been cleaned up to the satisfaction of Marty Paavola.  The board members signed the signature card.

Cammy mentioned that the board needs to schedule a budget meeting soon.

A draft copy of the agenda for the November Board meeting was distributed.

Patti stated that WLSSD will be voting on the transfer of ownership of Lift Station #9 at their November board meeting.

Cammy mentioned that the Minnesota DNR is preparing a Joint Powers Agreement in relation to the sewer and water connection for their property on Rice Lake Road.

Patti will be looking into sending an RFP for architectural services in relation to the North Fire Hall.

Having no further business to discuss, the meeting was adjourned at 8:20 p.m.