Laserfiche WebLink
Flood Diversion Board of Authority—June 9, 2016 3 <br />Mr. Brodshaug said the committee also received an update on land acquisitions associated with the <br />diversion inlet control structure. Three parcels are needed this year for construction to begin on the outlet; however, the land owners have not agreed to final offers. The CCJWRD filed three separate <br />eminent domain actions seeking permanent right of way easements for the three parcels. He said negotiations are on-going with property owners of 12 other parcels necessary for the County Road 16/17 re-alignment work near the inlet control structure, which are needed prior to the Diversion <br />Authority opening bids in the fall of 2016. 9. FINANCE UPDATE <br />Committee report Mike Montplaisir, Cass County Auditor, said the Finance Committee met on June 8th and recommended to the CCJWRD the execution of an entry and construction agreement to allow <br />immediate access to the Mid-America property for construction of the flood wall project; and recommended to the CCJWRD the execution of a purchase agreement in the amount of $5,800,000 <br />as an administrative settlement for the Mid-America parking lot and to continue monitoring the residual <br />value of the property. <br />Mr. Montplaisir said funds from the U.S. Bank loans have been exhausted. Currently, costs are being <br />paid with draw down funds from the state and with sales tax dollars. He said three different proposals have been received for additional short-term financing and it appears Wells Fargo is the preferred <br />option. He said this item will need to be approved by the City of Fargo and Cass County, and will be <br />brought back to the Diversion Authority next month for approval. <br /> Voucher approval <br />The bills for the month are with CCJWRD for costs associated with in-town levees, access issues, Diversion Project Assessment Committee (DPAC) work, OHB levee, and Oxbow Country Club golf <br />course construction; Dorsey & Whitney LLP for legal services; and Ohnstad Twichell, P.C. for P3 bond counsel and 4th Street pump station litigation work. <br />MOTION, passed <br />Mr. Mahoney moved and Mr. Olson seconded to approve the vouchers in the amount of $3,888,608.54 for May, 2016. On roll call vote, the motion carried <br />unanimously. <br /> 10. OTHER BUSINESS <br />Kent Costin, Fargo Finance Director, introduced Wells Fargo Financial representatives Paul Rebholz <br />and Thomas Harkless, who have been working with city and county staff on the new short-term financing. Mr. Vanyo thanked them for their work with the Diversion Authority to obtain additional <br />financing for the project. <br /> 11. NEXT MEETING DATE <br />The next meeting will be held on Thursday, June 23, 2016. <br /> 12. ADJOURNMENT <br /> MOTION, passed On motion by Mr. Mahoney, seconded by Ms. Otto, and all voting in favor, the meeting was adjourned at 4:10 PM. <br /> Minutes prepared by Heather Worden, Cass County Administrative Assistant