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ARDEN HILLS CITY COUNCIL—APRIL 28, 2014 6 Director of Finance and Administrative Services Iverson reported that Presbyterian Homes has submitted an application to the City with respect to the requested host approval and has submitted a non-refundable application fee in the amount of $500 according to our City procedure for application for Private Activity Revenue Bond Financing. At the March 31, 2014, City Council meeting, the City Council passed a resolution calling for a Public Hearing on April 28, 2014. Director of Finance and Administrative Services Iverson indicated that the City's Bond Counsel, John Utley and a representative from Presbyterian Homes are present to answer any questions the City Council or the public may have at the Public Hearing. Staff recommended that the Council adopt Resolution 2014-025, a resolution giving host approval to the issuance of Housing and Health Care Revenue Refunding Notes under Minnesota Statutes, Chapter 462c and authorizing the execution of a Joint Powers Agreement. John Utley, Kennedy & Graven, Chartered, reported that the City was under no obligation to give host approval for these bonds and the City's ability to bond would not be hindered if approval is given. Furthermore, there is no risk to the City or any cost to the City associated with this request. Mayor Grant opened the public hearing at 7:44 p.m. With no one coming forward to speak, Mayor Grant closed the public hearing at 7:45 p.m. MOTION: Councilmember Holmes moved and Councilmember Werner seconded a motion to adopt Resolution #2014-025, a Resolution Giving Host Approval to the Issuance of Housing and Health Care Revenue Refunding Notes under Minnesota Statutes, Chapter 462c and Authorizing the Execution of a Joint Powers Agreement. The motion carried (5-0). C. Planning Case 14-013 —ROW & Easement Vacation—City of Arden Hills City Planner Streff stated that the City has been working with Egan, Field & Nowak (EFN), Inc. to replat the area near the intersection of Round Lake Road and Gateway Court, which includes the properties located at 4300 Round Lake Round and 1987 Gateway Court. The replat is being completed so that concerns with adequate right-of-way areas and drainage and utility easement areas are addressed before the City commences the reconstruction work of Round Lake Road and Gateway Court in 2014. However, before the City can approve the replat of this area certain right- of-way areas and drainage and utility easements need to be vacated. Once these areas are vacated new right-of-way and drainage and utility easements will be obtained through the replatting of Gateway 2nd Addition. City Planner Streff indicated the replat of this property will allow the City to acquire additional right-of-way along Round Lake Road and Gateway Court, while vacating a portion of the right-of- way that is within the parking lot of 1987 Gateway Boulevard. In addition, the replat of this area will allow the City to obtain crucial drainage and utility easements needed for maintenance purposes and at the same time vacate portions that are no longer needed by the City. The vacation request in conjunction with the replat of the property will ensure that the City has adequate right- of-way and easements for street and utility access and maintenance. The City Council will review the vacation requests prior to the execution of the Final Plat.