City Council

City of Duluth 411 West First Street Duluth, Minnesota 55802 Meeting Agenda - Final-revised Thursday, October 8, 2015 5:15 PM Special Council Meeting - Bond Sales Council Chamber City Council MISSION STATEMENT: The mission of the Duluth City Council is to develop effective public policy rooted in citizen involvement that results in excellent municipal services and creates a thriving community prepared for the challenges of the future. TOOLS OF CIVILITY: The Duluth City Council promotes the use and adherence of the tools of civility in conducting the business of the council. The tools of civility will provide increased opportunities for civil discourse in order to find positive resolutions to the issues that face the city. These tools include: pay attention, listen, be inclusive, do not gossip, show respect, be agreeable, apologize, give constructive criticism and take responsibility. [Approved by the council on August 25, 2003] City Council Meeting Agenda - Final-revised October 8, 2015 ROLL CALL PLEDGE OF ALLEGIANCE PRESENTATION OF PETITIONS AND OTHER COMMUNICATIONS 1. 15-072 The PFM Group bid results for the sale of seven issues: $1,530,000 General Obligation Capital Improvement Bonds, Series 2015A (“Series 2015A Bonds”), $3,380,000 General Obligation Capital Equipment Notes, Series 2015B (“Series 2015B Notes”), $2,910,000 Taxable General Obligation Airport Improvement Bonds, Series 2015C (“Series 2015C Bonds”), $4,060,000 Taxable General Obligation Steam Utility Revenue Bonds, Series 2015D (“Series 2015D Bonds”), $13,800,000 Taxable General Obligation Tourism Tax Revenue Bonds, Series 2015E (“Series 2015E Bonds”), $2,790,000 General Obligation Street Improvement Refunding Bonds, Series 2015F (“Series 2015F Bonds”), and $2,790,000 General Obligation Utilities Revenue Refunding Bonds, Series 2015G (“Series 2015G Bonds”). Attachments: Bid Results MOTIONS AND RESOLUTIONS COMMITTEE 1 BY COUNCILOR FILIPOVICH (FINANCE) 2. 15-0701R RESOLUTION PROVIDING FOR THE ISSUANCE, SALE AND DELIVERY OF $1,615,000 GENERAL OBLIGATION CAPITAL IMPROVEMENT BONDS, SERIES 2015A; ESTABLISHING THE TERMS AND FORM THEREOF; CREATING A DEBT SERVICE FUND THEREFOR; AND AWARDING THE SALE THEREOF. Attachments: Exhibit A Exhibit B REPLACEMENT 3. 15-0705R RESOLUTION PROVIDING FOR THE ISSUANCE, SALE AND DELIVERY OF $3,325,000 GENERAL OBLIGATION CAPITAL EQUIPMENT NOTES, SERIES 2015B; ESTABLISHING THE TERMS AND FORM THEREOF; CREATING A DEBT SERICE FUND THEREFOR; AND AWARDING THE SALE THEREOF. Attachments: Exhibit A Exhibit B REPLACEMENT City of Duluth Page 2 Printed on 10/8/2015 City Council Meeting Agenda - Final-revised October 8, 2015 4. 15-0706R RESOLUTION PROVIDING FOR THE ISSUANCE, SALE AND DELIVERY OF $2,855,000 TAXABLE GENERAL OBLIGATION AIRPORT IMPROVEMENT BONDS, SERIES 2015C; ESTABLISHING THE TERMS AND FORM THEREOF; CREATING A BOND FUND THEREFOR; AND AWARDING THE SALE THEREOF. Attachments: Exhibit A Exhibit B Exhibit C REPLACEMENT 5. 15-0707R RESOLUTION PROVIDING FOR THE ISSUANCE, SALE AND DELIVERY OF $4,015,000 TAXABLE GENERAL OBLIGATION STEAM UTILITY REVENUE BONDS, SERIES 2015D; ESTABLISHING THE TERMS AND FORM THEREOF; CREATING A DEBT SERVICE FUND THEREFOR; AND AWARDING THE SALE THEREOF. Attachments: Exhibit A Exhibit B REPLACEMENT 6. 15-0708R RESOLUTION PROVIDING FOR THE ISSUANCE, SALE AND DELIVERY OF $13,520,000 TAXABLE GENERAL OBLIGATION TOURISM TAX REVENUE BONDS, SERIES 2015E; ESTABLISHING THE TERMS AND FORM THEREOF; CREATING A DEBT SERVICE FUND THEREFOR; AND AWARDING THE SALE THEREOF. Attachments: Exhibit A Exhibit B REPLACEMENT 7. 15-0709R RESOLUTION PROVIDING FOR THE ISSUANCE, SALE AND DELIVERY OF $2,630,000 GENERAL OBLIGATION STREET IMPROVEMENT REFUNDING BONDS, SERIES 2015F; ESTABLISHING THE TERMS AND FORM THEREOF; CREATING A DEBT SERVICE ACCOUNT THEREFOR; AND AWARDING THE SALE THEREOF. Attachments: Exhibit A Exhibit B Exhibit C REPLACEMENT City of Duluth Page 3 Printed on 10/8/2015 City Council Meeting Agenda - Final-revised October 8, 2015 8. 15-0710R RESOLUTION PROVIDING FOR THE ISSUANCE, SALE AND DELIVERY OF $2,765,000 GENERAL OBLIGATION UTILITIES REVENUE REFUNDING BONDS, SERIES 2015G; ESTABLISHING THE TERMS AND FORM THEREOF; AND AWARDING THE SALE THEREOF. Attachments: Exhibit A Exhibit B Exhibit C REPLACEMENT City of Duluth Page 4 Printed on 10/8/2015