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COMMISSIONER PROCEEDINGS

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COMMISSIONER PROCEEDINGS Powered By Docstoc
					                                 COMMISSIONER PROCEEDINGS
                                     SPECIAL MEETING
                                       March 29, 2005

Minutes of the Wilkin County Board of Commissioners Special Meeting held at the Courthouse,
Breckenridge, Minnesota, on Tuesday, March 29, 2005. All Commissioners except Commissioner
Miranowski were present. Chairman Perry called the meeting to order at 7:30 A.M. The purpose of
the meeting was to approve the County’s application and agreement for participation in the Minnesota
Public Facilities Authority County Credit Enhancement Program.

Commissioner Hovland offered the following resolution and moved for it’s adoption. The motion was
seconded by Commissioner Blaufuss and carried.

                                                RESOLUTION 23-05

                              RESOLUTION APPROVING THE APPLICATION
                            FOR PARTICIPATION IN THE MINNESOTA PUBLIC
                        FACILITIES AUTHORITY COUNTY CREDIT ENHANCEMENT
                        PROGRAM AND APPROVING THE PROGRAM AGREEMENT

                                                      Recitals

       The County Board (the “Board”) of Wilkin County, Minnesota (the “County”), has determined
       it to be necessary to construct a new jail at a cost of approximately $3,750,000.00.

       Before making any contract for the construction of the County jail, the Board is required by
       Minnesota Statutes, Section 641.23 to either levy sufficient tax to provide the necessary funds,
       or issue county bonds in accordance with the provisions of Minnesota Statutes, Chapter 475.

       The County intends to issue approximately $3,750,000 of its General Obligation Jail Bonds,
       Series 2005 (the “Bonds”) and desires to have the payment of the principal and interest on the
       Bonds guaranteed by the State of Minnesota pursuant to Minnesota Statutes, Section 373.45.

       NOW THEREFORE, BE IT RESOLVED, by the Board of Wilkin County, Minnesota, as follows:

       Section 1. Application. The Board hereby approves the Application for Participation in the
       County Credit Enhancement Program in substantially the form presented to this meeting. The
       Chairperson of this Board and the County Auditor are hereby authorized and directed to execute
       the Application and to deliver it to the Minnesota Public Facilities Authority together with a
       nonrefundable application fee in the amount of $500.00.

       Section 2. Program Agreement. The Board hereby approves the Minnesota Public Facilities
       Authority County Credit Enhancement Program Agreement in substantially the form presented
       to this meeting. The Chairperson of this Board and the County Auditor are hereby authorized
       and directed to execute the Program Agreement and to deliver it to the Minnesota Public Finance Facilities
       Authority. The County agrees to be bound by the provisions of Minnesota Statutes,
       Section 373.45 and to include in its agreement with the paying agent for the Bonds the provision
       required by the Program Agreement.

       Adopted this 29 th day of March, 2005.

                                                     Robert Louis Perry
                                                     Chairman
       Attest:   Wayne Bezenek
                 County Auditor
       (Seal)

Motion by Blaufuss, seconded by Folstad and carried, to approve payment of the $500.00 application
fee to the Department of Employment and Economic Development with an Auditor’s Warrant.

With the special meeting business completed, Chairman Perry adjourned the meeting at 7:40 A.M.

                                             Robert Louis Perry
                                             Chairman
Attest: Wayne Bezenek
        County Auditor
(seal)

				
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