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Metro Flood Diversion Authority—July 13, 2017 1 METRO FLOOD DIVERSION AUTHORITY JULY 13, 2017—3:30 PM <br /> 1. MEETING TO ORDER A meeting of the Metro Flood Diversion Authority was held Thursday, July 13, 2017, at 3:30 PM <br />in the Fargo City Commission Room with the following members present: Fargo City Mayor Tim <br />Mahoney; Fargo City Commissioner Tony Grindberg; Fargo City Commissioner Dave Piepkorn; Cass County Commissioner Chad M. Peterson; Cass County Commission representative <br />Darrell Vanyo; Moorhead City Council Member Chuck Hendrickson; Moorhead City Council <br />Member Joel Paulsen; Clay County Commissioner Kevin Campbell; Cass County Joint Water Resource District Manager Rodger Olson; and West Fargo City Commissioner Mike Thorstad. <br />Moorhead City Mayor Del Rae Williams, Cass County Commissioner Mary Scherling, and Clay County Commissioner Grant Weyland were absent. Tom Dawson, Chairman of the Chamber Business Leaders Task Force, was also present. <br /> 2. MINUTES APPROVED <br />MOTION, passed Mr. Hendrickson moved and Mr. Campbell seconded to approve the minutes from the June 22, 2017, meeting as presented. Motion carried. <br /> 3. AGENDA ORDER <br />MOTION, passed <br />Mr. Piepkorn moved and Mr. Vanyo seconded to approve the order of the agenda. Motion carried. <br />4. EXECUTIVE DIRECTOR INTERVIEW SCHEDULE <br />Michael Redlinger, Assistant Fargo City Administrator, presented the interview schedule with the Executive Director candidates, which will be held on Monday, July 24th beginning at 7:30 <br />AM with an overview of the process. The day will also include a project tour and a candidate <br />reception. He said on Tuesday, July 25th there will be an overview of the P3 partnership and project financing, roundtable discussion with the local technical team, and final Q & A <br />opportunity with the candidates. The regular Diversion Board of Authority meeting will be held on Thursday, July 27th with a potential executive session to discuss employment agreement negotiations for the preferred candidate. <br /> 5. WELLS FARGO LOAN BANK AGREEMENT <br />Attorney John Shockley was present to discuss a resolution consenting to loan agreements <br />between Wells Fargo Bank, Cass County and Fargo. Mr. Shockley said the City of Fargo and Cass County each have two $50 million loans through <br />Wells Fargo. Each entity has a loan due on July 31, 2017, and a loan due on July 31, 2018. Cass County and Fargo have negotiated with Wells Fargo to refinance all four loans into two <br />loans with the county and city each having one $100 million loan due on July 31, 2019. He said <br />the loans will be considered by the Fargo City Commission and Cass County Commission at their meetings on Monday, July 17th. <br />MOTION, passed Mr. Campbell moved and Mr. Vanyo seconded to adopt the Resolution Consenting to Loan Agreement Between Wells Fargo Bank, N.A., and Cass <br />County, North Dakota and Consenting to Loan Agreement Between Wells Fargo Bank, N.A., and the City of Fargo, North Dakota. On roll call vote, the motion carried unanimously. <br />