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Metro Flood Diversion Authority—June 27, 2019 1 METRO FLOOD DIVERSION AUTHORITY JUNE 27, 2019—3:30 PM <br /> 1. MEETING TO ORDER A meeting of the Metro Flood Diversion Authority was held Thursday, June 27, 2019, at 3:30 PM in the Fargo City Commission Chambers with the following members present: Cass County Commissioner Mary Scherling; Cass County Commissioner Chad Peterson; Fargo City Mayor Tim Mahoney; Fargo City Commissioner Tony Grindberg; Fargo City Commissioner Dave Piepkorn; Clay County Commissioner Kevin Campbell; Clay County Commissioner Grant Weyland via conference call; Cass County Joint Water Resource District Manager Dan Jacobson; and West Fargo City Commissioner Mike Thorstad. Moorhead City Mayor Johnathan <br />Judd; Moorhead City Council Member Chuck Hendrickson; Moorhead City Council Member Joel Paulsen; and Cass County Commissioner Rick Steen were absent. Tom Dawson, Chair of the Chamber Business Leaders Task Force, was also present. <br /> 2. INTRODUCTION AND WELCOME Mrs. Scherling said officials from the Army Corps of Engineers were planning to attend the <br />meeting; however, their flight was delayed, and they will not be present at the meeting. 3. MINUTES APPROVED <br />MOTION, passed Mr. Grindberg moved and Mr. Piepkorn seconded to approve the minutes from the May 23, 2019, meeting as presented. Motion carried. 4. AGENDA ORDER <br />MOTION, passed Mr. Campbell moved and Mr. Peterson seconded to approve the order of the agenda. Motion carried. <br /> 5. MANAGEMENT UPDATE Kim Daily from Jacobs said the actual project cost-to-date is $465,998,454, and $22,314,777 has been paid-to-date from the FY2019 cash budget. She reviewed contract actions approved by the Co-Executive Directors and by the Cass County Joint Water Resource District. She provided an update on activities and accomplishments over the last month, which include <br />County Road 17 paving; substantial completion of the property structure mitigation project; approval of 40 appraisals primarily for the channel and for early/opportunistic acquisitions; and support for the NDSU Ag Impacts study. Short-term priorities include finalization of Task Order 6 for P3 procurement and implementation; securing right-of-entry for portions of the southern embankment; and appraisal completion of all channel properties. Long-term priorities over the next six months include reactivation of the P3 procurement pending approval of Task Order 6; update to program reporting of budget and schedule; completion and implementation of financial strategy; issuance of a draft P3 Request for Proposals for the channel project; and solidify upstream structure mitigation requirements in coordination with permitting agencies. <br /> 6. ADMINITRATIVE/LEGAL UPDATE Wells Fargo Bank loan agreement <br />Attorney John Shockley said Fargo and Cass County each have $100 million loans with Wells Fargo Bank that will come due on July 31, 2019. New term sheets were prepared by Wells Fargo Bank to renew the loans and extend the maturity date to July 31, 2021. The First Amendment <br />to Loan Agreement has been prepared for Cass County and the City Fargo of Fargo to approve.