City Council

Special Luck Village Board Meeting Wednesday, September 25, 2024 at 5pm Luck Village Hall 401 S. Main St. MINUTES I. CALL MEETING TO ORDER: Jensen called the meeting to order Roll Call: Sonja Jensen, Mike Broten, Stephanie Mueller, Mark Beidleman, Ron Steen, Bridget Cleary- all here Jerry Kruse- absent II. PLEDGE OF ALLEGIANCE: III. APPROVE AGENDA: Motion by Steen/Cleary to approve the agenda, all in favor- aye, carried. IV. REVIEW PARK AVE & STH 48 VILLAGE/TID SHARES: Kianna to discuss information- no action taken V. REVIEW TIDs NO. 2- NO.4 CASH FLOWS: Kianna to discuss information- no action taken VI. TID 3 EXTENTION RESOLUTION: Motion by Steen/Mueller to approve TID 3 Extension Resolution, all in favor- aye, carried. VII. TID NO. 3 AFFORDABLE HOUSING EXTENSION RESOLUTION: Motion by Jensen/Steen to approve the TID No. 3 Affordable Housing Extension Resolution and use funds for Park Avenue Project, all in favor- aye, carried. VIII. TID NO. 3 TERMINATION RESOLUTION: Motion by Jensen/Steen to table this motion to Terminate TID No. 3 until April 2025, all in favor- aye, carried. IX. PARK AVENUE LOAN: Motion by Jensen/Beidleman to approve a loan from Frandsen Bank and Trust for 5 years at a rate of 6%, all in favor- aye, carried. X. GOLF COURSE LOAN: Motion Jensen/Steen to approve the re-financing of the Golf Course Loan for $158,769.69 that matures on November 30th 2024 with Sterling Bank for 5 years at a rate of 3.7%, all in favor- aye, carried. XI. ADJOURN: Broten/Mueller- meeting adjourned Respectfully submitted by Jennifer Anderson, Village Clerk 1|Page