Minutes: May 16, 2012

Village of Plain

Special Village Board Meeting of May 16, 2012

A Special Meeting of the Board of Trustees of the Village of Plain was held at the MunicipalBuilding on May 16, 2012 at 8:00 p.m. The following members were present: Raymond Ring, President; Stephanie Box; John Dischler; Raymond Ellenbolt; Walter Gerber; Kevin Kraemer; and, James Liegel, Trustees.

Others present: Jim Mann of Ehlers, Inc.; and, Shawn Murphy, Green TTEC Director

Notice of this meeting, along with the agenda, was posted at the following locations in the Village of Plain: the MunicipalBuilding; the Plain Post Office; and, The Peoples Community Bank on Monday, May 14, 2012. Notice was emailed to the Home News and the Baraboo News Republic.

The purpose of this meeting was discussion and action regarding the recommendation of the Planning and Development Commission concerning a variance from the residential setback requirement, for the purpose of construction of a detached garage at 825 Park Avenue; Resolution 2012-06: Initial Resolution authorizing $55,000 General Obligation Bonds for community development projects in the Tax Incremental District; Resolution 2012-07: Initial Resolution authorizing $2,400,000 General Obligation Refunding Bonds; and, Resolution 2012-08: Resolution providing for the sale of $2,455,000 taxable General Obligation Corporate Purpose Bonds.

The meeting was called to order by President Ring at 5:30 p.m.

The Planning and Development Commission held a Public Hearing earlier in the evening and recommended to approve a setback variance for Andrew Nachreiner for the purpose of construction a detached garage at 825 Park Avenue. Ring motioned to approve the variance with consideration that it does not sit on any utilities and meets all other ordinances. Ellenbolt seconded. Motion carried.

Jim Mann of Ehlers, Inc. presented options to the board regarding the upcoming bond sale for the Tax Incremental District (TID). The bonds include the refinance of the construction loan as well as the refinance of the original loan to purchase the property. Costs for the bond issue are also included. Mann discussed the financing as well as the option to distress the TID. Distressing the TID would need to be done by 2015 and it would stretch out the life cycle of the TID. The board prefers to wait and see how things go instead of distressing the TID at this time. It is too early to make an assumption on what the outcome will be.

Ring motioned to adjourn at 6:00 p.m. and to reconvene at 8:00 p.m. Box seconded. Motion carried.

The board reconvened at 8:00 p.m.

Liegel motioned to adopt Resolution 2012-06: Initial Resolution authorizing $55,000 General Obligation Bonds for community development projects in the Tax Incremental District. Gerber seconded. Motion carried.

Dischler motioned to adopt Resolution 2012-07: Initial Resolution authorizing $2,400,000 General Obligation Refunding Bonds. Ellenbolt seconded. Motion carried.

Liegel motioned to adopt Resolution 2012-08: Resolution providing for the sale of $2,455,000 taxable General Obligation Corporate Purpose Bonds. Kraemer seconded. Motion carried.

Liegel motioned to adjourn the meeting at 8:08 p.m. Kraemer seconded. Motion carried.

 

Sheila Tafs                                         
Clerk/Treasurer