All present included Governing Board Officer/Vice-Chair and Vice President Sue Gordhammer, Governing Board Officer Jenny Johnson, Governing Board Officer/Secretary and Treasurer Dennis Mehr, and City Recorder Kari D. Jimenez.
STAFF: Chair/President Chris Hart, City Manager/Attorney Dale Coulam, and Director of Finance Lane Mecham.
EXCUSED:   Governing Board Officer Cheyne McDonald

A.	Acknowledgement of Quorum

Chair/President Hart acknowledged that there was a quorum present.  Chair/President Hart and Governing Board Officer Johnson were present in the Council Chambers at Ivins City Hall and Governing Board Officers Gordhammer and Mehr were in attendance via the Zoom platform.  Governing Board Officer McDonald was excused. 

B.	Disclosures

There were no disclosures or conflicts of interest with items on this meeting's agenda.

Mayor Hart requested that Lane Mecham explain how one can join the meeting electronically and make a comment for the Public Hearing.  Lane Mecham provided instructions as how to make a public comment for the Public Hearing.  He indicated that while individuals are connected to the Zoom webinar, if they hover over the Zooming meeting at the bottom, they will see a raised hand and if they want to make a comment, they just need to click on that to raise their hand to be allowed to make public comment.

A.

Public Hearing to allow public input regarding (A) the issuance and sale by the Municipal Building Authority of Ivins City, Utah of not more than $3,000,000 aggregate principal amount of Lease Revenue Bonds, Series 2020; and (B) any potential impact that the project to be financed with the proceeds of the Series 2020 Bonds issues under the act may have on the private sector; and related matters

Resolution

Dale Coulam indicated that pursuant to the provisions of the Local Government Bonding Act, Title 11, Chapter 14, Utah Code Annotated 1953, as amended, a notice of public hearing with respect to the issuance of the Issuer's proposed Lease Revenue Bonds, Series 2020 "the "Bonds"), in the principal amount of not to exceed $3,000,000 was (i) published twice, the first publication being not less than fourteen (14) days prior to this hearing, in the Spectrum, a newspaper of general circulation within the Issuer location, posted on the Utah Public Notice Website created under Section 63F-1-701, Utah Code Annotated 1953, as amended, not less than fourteen (14) days prior to this hearing and posted on the Utah Legal Notices Website created under Section 45-1-101, Utah Code Annotated 1953, as amended, not less than fourteen (14) days prior to this hearing.  Lane Mecham stated that this has been noticed many times and the City has had a lot of discussion about this before the City Council meetings, as well as before the Municipal Building Authority meetings.  The item is issuing the bonds, not to exceed $3,000,000, not to exceed 25 years in term and not to exceed 2.5% interest.  The purpose of the bonds is to finance the construction of Ivins new City Hall and to cover any issuance cost related to the financing of the new City Hall.  The estimated amounts for the bonds will be $2.5 million principal and 2.5% interest over a 20 year term and payments will start in July, 2022 for approximately $161,000.00.  Mark Anderson from Zions Public Financing is also in attendance via the Zoom platform.  He is Ivins Financial Advisor and is available for questions.  Chair/President Hart inquired if Mark Anderson had anything to add prior to the Public Hearing.  Mark Anderson commented that Ivins' Staff have covered and addressed this well and indicated that the purpose to obtain public comment is required by statute and the impact on private entities really relates to projects that might compete with private businesses.  That was originally likely put into the Code because there were recreation centers that competed with gyms and similar.  The Governing Board Officers do not have to take any action after the Public Hearing is done.  Chair/President Hart opened the Public Hearing.  There was no one present in the Council Chambers and Lane Mecham confirmed that there was no one on-line that wished to make a public comment.  Chair/President Hart closed the Public Hearing.

Governing Board Officer Mehr had one clarification regarding the presentation made prior to the Public Hearing.  There is mention of a 25 year term and then mention of a 20 year term and requested clarification on that.  Lane Mecham clarified that the bond term is to be no more than 25 years.  That's the parameters that was discussed in prior meetings that was approved.  The City estimates that at closure, the term will be 20 year bonds as previously discussed in prior meetings.

B.	Discuss and consider approval of the Municipal Building Authority Minutes for August 6, 2020

Draft MBA Minutes

MOTION: Governing Board Officer/Secretary and Treasurer Dennis Mehr moved to approve the Municipal Building Authority Minutes for August 6, 2020
SECOND:  Governing Board Officer/Vice-Chair and Vice President Sue Gordhammer

VOTE: The motion carried unanimously.

Governing Board Officer/Vice-Chair and Vice President Sue Gordhammer	AYE
Governing Board Officer Jenny Johnson	AYE
Governing Board Officer/Secretary and Treasurer Dennis Mehr	AYE
Governing Board Officer Cheyne McDonald	ABSENT

Chair/President Hart requested a roll call vote.  All Board Members that were in attendance, voted in favor.

MOTION: Governing Board Officer/Secretary and Treasurer Dennis Mehr moved to adjourn
SECOND:  Governing Board Officer Jenny Johnson

VOTE: The motion carried unanimously.

Governing Board Officer/Vice-Chair and Vice President Sue Gordhammer	AYE
Governing Board Officer Jenny Johnson	AYE
Governing Board Officer/Secretary and Treasurer Dennis Mehr	AYE
Governing Board Officer Cheyne McDonald	ABSENT

Chair/President Hart requested a roll call vote.  All Board Members that were in attendance, voted in favor. 

The meeting adjourned at 7:14 p.m.

Respectfully,

Kari D. Jimenez, MMC
Ivins City Recorder