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<br />2 <br /> <br />Chairman to sign the FMD-Raymond Subdivision plat regarding the Metro Flood <br />Diversion Project. Upon roll call vote, the motion carried unanimously. <br /> <br />Metro Flood Diversion Project – land agent reports <br />Katie Laidley, Wade Whitworth, Oly Olafson, Scott Stenger, and Dale Ahlsten reported on <br />activities, meetings, and discussions with various property owners regarding the Metro <br />Flood Diversion Project. <br /> <br />Metro Flood Diversion Project – property management <br />Madeline Daudt discussed proposed termination of the Rental Agreements for OINs <br />2010, 2014 and 1112 regarding the Metro Flood Diversion Project. The structures on the <br />properties will be removed as the properties are located in zone 1 of the Upstream <br />Mitigation Area of the Metro Flood Diversion Project. <br /> <br />It was moved by Manager Weston and seconded by Manager Lougheed to approve and <br />authorize the Secretary to send letters to the tenants of OINs 2010, 2014 and 1112 <br />notifying them of the termination of the Rental Agreements effective November 30, 2024. <br />Upon roll call vote, the motion carried unanimously. <br /> <br />Ms. Daudt also presented a Pasture Lease Agreement for OIN 507Y (Area 2) regarding <br />the Metro Flood Diversion Project. Ms. Daudt noted the property has been deemed <br />excess land and is currently following the Policy on the Disposition and Management of <br />Comprehensive Project Lands regarding the Metro Flood Diversion Project. <br /> <br />A motion was made by Manager Gust and seconded by Manager Lougheed to approve <br />and authorize the Chairman to sign the Pasture Lease Agreement for OIN 507Y (Area 2) <br />regarding the Metro Flood Diversion Project. Upon roll call vote, the motion carried <br />unanimously. Manager Steen was absent. <br /> <br />Metro Flood Diversion Project – Resolution Related to the Automatic Issuance and <br />Exchange of Temporary Authority Loan Improvement Warrants <br />John Shockley discussed the Resolution Related to the Automatic Issuance and <br />Exchange of Temporary Authority Loan Improvement Warrants. Mr. Shockley stated the <br />Cass County Joint Water Resource District issued its Temporary Authority Loan <br />Improvement Warrant No. RTAL-1 in the total principal amount of $90,000,000 for the <br />WIFIA Loan Bond. The Temporary Authority Loan Improvement Warrant has matured, <br />the District must issue a Temporary Authority Loan Improvement Warrant RTAL-2, in the <br />same principal amount of, and on the same terms, with a three-year maturity. The <br />Temporary Authority Loan Improvement Warrant RTAL-2 will continue to serve as <br />security for holders of the WIFIA Loan Bond for the Metro Flood Diversion Project. <br /> <br />A motion was made by Manager Lougheed and seconded by Manager Gust to authorize <br />the issue and exchange of the Temporary Authority Loan Improvement Warrant No. <br />RTAL-2, in the same principal amount of, and on the same terms, with a three-year <br />maturity, with the Temporary Authority Loan Improvement Warrant of 2021 No. RTAL-1. <br />Upon roll call vote, the motion carried unanimously.