BA Special Meeting

MINUTES OF THE MUNICIPAL BUILDING AUTHORITY SPECIAL MEETING – MAY 17, 2022 -1- THE MUNICIPAL BUILDING AUTHORITY OF WEST VALLEY CITY MET IN SESSION FOR THE REGULAR MEETING ON TUESDAY, MAY 17, 2022, AT 7:06 P.M. THE MEETING WAS CALLED TO ORDER BY CHAIR DON CHRISTENSEN. THIS MEETING WAS HELD ELECTRONICALLY. THE FOLLOWING MEMBERS WERE PRESENT: Don Christensen- Chair (electronically) Lars Nordfelt Karen Lang Scott Harmon William Whetstone ABSENT: Tom Huynh Jake Fitisemanu STAFF PRESENT: Wayne T Pyle, Chief Executive Officer (electronically) Nichole Camac, Secretary (electronically) Nicole Cottle, Assistant City Manager/General Counsel Steve Pastorik, CED Director (electronically) Eric Bunderson, City Attorney (electronically) Layne Morris, CPD Director Colleen Jacobs, Police Chief John Evans, Fire Chief (electronically) Jim Welch, Finance Director Nancy Day, Parks and Recreation Director Dan Johnson, Public Works Director Sam Johnson, Strategic Communications Director (electronically) Ken Cushing, IT APPROVAL OF MINUTES OF THE REGULAR MEETING HELD MAY 3, 2022 The Board considered Minutes of the Regular Meeting held May 3, 2022. There were no changes, corrections or deletions. Ms. Lang moved to approve the Minutes of the Regular Meeting of May 3, 2022. Mr. Harmon seconded the motion. MINUTES OF THE MUNICIPAL BUILDING AUTHORITY SPECIAL MEETING – MAY 17, 2022 -2- A voice vote was taken and all members voted in favor of the motion. Councilmember Lars Nordfelt moved to add a public comment period to the agenda with the same rules that would apply in a Regular City Council meeting. Councilmember Whetstone seconded the motion. A voice vote was taken and all members voted in favor of the motion except Mr. Harmon who voted in opposition. COMMENT PERIOD A. PUBLIC COMMENTS Alan Naumann stated that he is in support of the Community Renewable Energy Program. He indicated that he believes the City will save money in the long run and he believes in the program. Mr. Naumann discussed the goals that the program aims to achieve and noted that he believes this program is the only affordable option for residents. David Garbett stated that he also supports HB 411. He indicated that he owns a company that focuses on environmental efforts and believes this is a good program. Mr. Garbett stated the program isn’t perfect and it’s difficult to know what the costs will be but there are many compelling reasons to participate. Jim Vesock stated that he would encourage the Council to study the issue and remember the goals that the City has already achieved and put in place. B. CITY MANAGER COMMENTS Wayne Pyle, City Manager, had no comments. C. CITY COUNCIL COMMENTS Upon inquiry, members of the Authority had no comments. PUBLIC HEARINGS A. ACCEPT PUBLIC INPUT REGARDING (A) THE ISSUANCE AND SALE OF NOT MORE THAN $6,500,000 AGGREGATE PRINCIPAL AMOUNT OF LEASE REVENUE BONDS, SERIES 2022, AND (B) ANY POTENTIAL ECONOMIC IMPACT THAT THE PROJECT DESCRIBED HEREIN TO BE FINANCED WITH THE PROCEEDS OF THE BONDS ISSUED UNDER THE ACT MAY HAVE ON THE PRIVATE SECTOR, AND RELATED MATTERS MINUTES OF THE MUNICIPAL BUILDING AUTHORITY SPECIAL MEETING – MAY 17, 2022 -3- Wayne Pyle, City Manager, informed a public hearing had been advertised for the Special Building Authority Meeting scheduled May 17, 2022, in order for the Authority to hear and consider public comments regarding (A) The Issuance and Sale of Not More Than $6,500,000 Aggregate Principal Amount of Lease Revenue Bonds, Series 2022, and (B) Any Potential Economic Impact that the Project Described Herein to be Financed With the Proceeds of the Bonds Issued Under the Act May Have on the Private Sector, and Related Matters. Chairman Christensen opened the Public Hearing. Laura Lewis, Bond Counsel, detailed the process and timeline of this bond. Chairman Christensen closed the Public Hearing. MOTION TO ADJOURN Mr. Harmon moved to adjourn at 6:45 PM. THERE BEING NO FURTHER BUSINESS OF THE MUNICIPAL BUILDING AUTHORITY OF WEST VALLEY CITY, THE SPECIAL MEETING OF TUESDAY, MAY 17, 2022, WAS ADJOURNED AT 6:45 PM BY CHAIRMAN CHRISTENSEN. I hereby certify the foregoing to be a true, accurate and complete record of the proceedings of the Special Meeting of the Municipal Building Authority of West Valley City held Tuesday, May 17, 2022. ______________________________ Nichole Camac Secretary