07-09-2015 - Laserfiche WebLink

Flood Diversion Board of Authority—June 11, 2015 4 8. LAND MANAGEMENT UPDATE Mr. Mahoney said the Land Management Committee met earlier this afternoon and discussed topics including: CCJWRD update Mark Brodshaug referred to the handout regarding land acquisitions completed through May 31, 2015 which includes completed acquisitions, budget figures, and completed negotiations. He said clarification on the OHB levee injunction is needed in order for construction to continue on replacement homes in Oxbow. He said relocations from the Park East apartment complex continue to move forward and tenants have until July 15th to be out of the building. Eric Dodds from AE2S discussed an agreement with the Cass County Joint Water Resource District to clarify liability insurance language outlined in the Limited Joint Powers Agreement (JPA), which will allow the CCJWRD to secure premise liability insurance through the North Dakota Insurance Reserve Fund. Through the JPA, the Diversion Authority directed and delegated authority to the CCJWRD to obtain rights of entry necessary for the FM diversion project and OHB levee project. This new agreement will provide specific indemnity protection for the CCJWRD for the tasks delegated to it by the Diversion Authority. MOTION, passed Ms. Sobolik moved and Mr. Williams seconded to authorize the chairman to sign the agreement to clarify liability insurance language and indemnity protection for the CCJWRD under the Limited JPA. Motion carried. 9. FINANCE UPDATE Committee report The Finance Committee met on June 10th. Kent Costin, Fargo Finance Director, said approximately $106 million has been spent so far on the project. City of Fargo – Loan Advance The City of Fargo recently closed on the second round of financing with U.S. Bank for $50 million. The Finance Committee approved a loan advance for $15 million to help fund upcoming property acquisitions, including the Park East apartment complex which will total around $9 million. MOTION, passed Mr. Mahoney moved and Ms. Sobolik seconded to approve a loan advance from U.S. Bank in the amount of $15,000,000. On roll call vote, the motion carried unanimously. Voucher approval The bills for the month are with Fredrikson & Byron, P.A. for government relation services; Erik Johnson & Associates, Ltd. for legal services; and Cass County Joint Water Resource District for costs associated with the in-town levees, OHB ring levee, Diversion Project Assessment Committee (DPAC), and Oxbow Country Club golf course construction. MOTION, passed Mr. Mahoney moved and Mr. Thorstad seconded to approve the vouchers in the amount of $5,762,127.13 for May, 2015. On roll call vote, the motion carried unanimously.