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Flood Diversion Board of Authority—July 9, 2015 3 <br /> <br /> <br />Zagal neighborhood and Park East apartments, Habitat for Humanity will be allowed to salvage <br />items from the structures. The Fargo Fire Department will conduct some training exercises in the <br />apartment complex before demolition. <br /> <br />Committee Membership <br />Mr. Vanyo said the Fargo City Commission recently appointed Mike Williams to the Finance <br />Committee to replace Pat Zavoral and Dave Piepkorn to the Land Management Committee. He <br />said since Mr. Piepkorn is an additional member on the committee, he asked for approval of the <br />appointment by the Diversion Board. <br />MOTION, passed <br />Mr. Pawluk moved and Mr. Olson seconded to approve the addition of Fargo <br />City Commissioner Dave Piepkorn to the Land Management Committee. On <br />roll call vote, the motion carried with Mr. Vanyo, Mr. Mahoney, Mr. Williams, <br />Mr. Pawluk, Mr. Thorstad, Ms. Otto, and Mr. Olson voting “Yes”; Mr. <br />Piepkorn abstaining. <br /> <br />9. FINANCE UPDATE <br />Committee report <br />The Finance Committee met on July 8th. Kent Costin, Fargo Finance Director, said the total <br />disbursed on the project to date is $127 million. The committee acted on the following items: <br /> <br />City of Fargo – Loan Advance <br />The Finance Committee approved an advance of $10 million from the U.S. Bank Loan to help <br />fund property closings on the Howard Johnson Hotel and Sidestreet Bar. This is the third draw <br />down request from the $50 million loan taken out by the City of Fargo. <br />MOTION, passed <br />Mr. Mahoney moved and Mr. Williams seconded to approve a draw down <br />request for loan funds from U.S. Bank in the amount of $10,000,000. On roll <br />call vote, the motion carried unanimously. <br /> <br />Clean up of property in Clay County <br />Mr. Costin said the Diversion Authority purchased buildings located at 387 170th Avenue SW in <br />Clay County as part of the hardship buyout program. The committee authorized Clay County to <br />contract to clean up the property at a cost not to exceed $40,000. <br />MOTION, passed <br />Mr. Mahoney moved and Ms. Otto seconded to authorize Clay County to <br />contract for the necessary work to clean up the property located at 387 170th <br />Avenue SW, Moorhead, Minnesota, with a budget appropriation not to <br />exceed $40,000 to be billed to the Diversion Authority. On roll call vote, the <br />motion carried unanimously. <br /> <br />Corps of Engineers Cost Share Funding Request <br />Mr. Costin said a request of $525,000 for the final installment of FY2014 funds was received from <br />the Corps of Engineers. This will be the last installment out of the $3.35 million total work plan <br />that was approved. <br />MOTION, passed <br />Mr. Mahoney moved and Ms. Otto seconded to approve the cost share <br />funding request from the Corps of Engineers in the amount of $525,000. On <br />roll call vote, the motion carried unanimously. <br /> <br />