03-04-1996 - Laserfiche WebLink

10. Commission Minutes--March 4, 1996 1442 COMMISSION POLICY MANUAL AMENDED, Section 4.00. Advisory_ Boards MOTION, passed Mr. Wieland moved and Mr. Eckert seconded to amend Commission Policy Manual Section 4.00, Advisory Boards, and appoint Terry Ziegelmann to the Southeast Human Service Center Regional Council to fill a vacancy for a term to expire December 31, 1997. On roll call vote, motion carried unanimously. MIDA BOND APPLICATION, American Lutheran Homes, Inc. A public hearing was advertised for this date and time on application for MIDA Bond financing submitted by American Lutheran Homes, Inc. (Bethany Homes). Chairman Toussaint opened the public hearing and invited comments from the audience. Jim Stewart of Arntson & Stewart was present, along with Ray Weisgarber, representing American Lutheran Homes, Inc. Mr. Stewart said the application includes $2.2 million for refunding revenue bonds dated March 1, 1978, and $1.8 million for construction of an addition to the nursing home. Commissioners asked if the project had to be approved as all or none. Mr. Stewart said it is possible to approve the amount for new construction only because the bank will do the refinancing portion. Chairman Toussaint asked for any additional comments, and hearing none, closed the public hearing. MOTION, passed Mr. Wieland moved and Mr. Ness seconded to adopt Resolution #1996- 4 AUTHORIZING THE ISSUANCE OF MUNICIPAL INDUSTRIAL DEVELOPMENT REVENUE BONDS UNDER CHAPTER 40-67 NDCC for American Lutheran Homes, Inc. in the amount of $1.8 million for new construction; and authorize the chairman and the county auditor to sign said resolution. On roll call vote, motion carried unanimously. MIDA BOND APPLICATION, Fargo-Moorhead YMCA A public hearing was advertised for this date and time on application for MIDA Bond financing submitted by Fargo-Moorhead YMCA. Chairman Toussaint opened the public hearing and invited comments from the audience. Present on behalf of the YMCA were Paul Finstad, Executive Director, and Jim Stewart of Arntson & Stewart, as bond counsel. Mr. Stewart said the YMCA is requesting bonds not to exceed $3 million for construction of a new recreational facility and day care center in the area of the West Acres Shopping Center. Commissioners received a number of telephone calls opposing the financing of this project through the use of MIDA bonds. Concerns were expressed about the YMCA competing with private businesses and that the project will not increase the tax base of the county. Mr. Wieland suggested delaying action for 30 days to allow time to review written information received today from Steve Clute of All American Athletic Club, and any other information that may be forthcoming, as well as determining if this is a legitimate use of MIDA bond financing.