OFFICIAL PROCEEDINGS MINNEAPOLIS CITY COUNCIL REGULAR MEETING OF NOVEMBER 22, 2019 (Published November 30, 2019, in Finance and Commerce) CALL TO ORDER Council President Bender called the meeting to order at 9:30 a.m. in the Council Chamber, a quorum being present. Present - Council Members Kevin Reich, Cam Gordon, Steve Fletcher, Jeremiah Ellison, Abdi Warsame, Lisa Goodman, Andrea Jenkins, Lisa Bender, Jeremy Schroeder, Linea Palmisano. Absent – Council Members Phillipe Cunningham, Alondra Cano, Andrew Johnson. On motion by Jenkins, the agenda was adopted. On motion by Jenkins, the minutes of the regular meeting of November 8, 2019, were accepted. On motion by Jenkins, the petitions, communications, and reports were referred to the proper Committees. The following actions, resolutions, and ordinances were signed by Mayor Jacob Frey on November 27, 2019. Minnesota Statutes, Section 331A.01, Subd 10, allows for summary publication of ordinances and resolutions in the official newspaper of the city. A complete copy of each summarized ordinance and resolution is available for public inspection in the Office of City Clerk. REPORTS OF STANDING COMMITTEES The COMMITTEE OF THE WHOLE submitted the following report: COUNCIL ACTION 2019A-0946 The Minneapolis City Council hereby directs the City Coordinator’s Office of Arts, Culture, and Creative Economy to continue to convene and staff the internal workgroup to create a draft tactical plan that includes a budget and timeline as well as policy and administrative changes to implement the set of recommendations that: 1) grow the City’s current capacity to support public art, the creative economy, and creative cultural work and 2) better align the City’s internal structure to accelerate the achievement of the City’s racial equity goals and the successful implementation of the City’s Cultural Districts initiative as adopted in the 2040 Comprehensive Plan. 1152 City Council Proceedings – November 22, 2019 The workgroup shall be comprised of the Office of the City Coordinator, the Office of Arts, Culture, & Creative Economy, the Department of Community Planning & Economic Development, the Department of Public Works, the City Attorney’s Office, Finance and Property Services, and Intergovernmental Relations. To achieve proper oversight, the workgroup shall provide two distinct internal briefings to the Mayor and the City Council prior to the presentation of the final draft plan. The workgroup shall meet on a bi-weekly basis, with the first meeting taking place no later than the end of December 2019 and with a final draft plan presented to the full City Council on or before April 30, 2020, at the Committee of the Whole. On roll call, the result was: Ayes: Reich, Gordon, Fletcher, Ellison, Warsame, Goodman, Jenkins, Bender, Schroeder, Palmisano (10) Noes: (0) Absent: Cunningham, Cano, Johnson (3) Adopted. The ECONOMIC DEVELOPMENT & REGULATORY SERVICES Committee submitted the following report: COUNCIL ACTION 2019A-0947 The Minneapolis City Council hereby approves the application for North Loop Galley, 729 WASHINGTON AVE N Minneapolis, MN, (Ward 3) submitted by North Loop Galley LLC, BLLiquor, LIC380990, for an On Sale Liquor with Sunday Sales, Limited Entertainment License, subject to final inspection and compliance with all provisions of applicable codes and ordinances. On roll call, the result was: Ayes: Reich, Gordon, Fletcher, Ellison, Warsame, Goodman, Jenkins, Bender, Schroeder, Palmisano (10) Noes: (0) Absent: Cunningham, Cano, Johnson (3) Adopted. On behalf of the Economic Development & Regulatory Services Committee, Goodman offered Resolution 2019R-359 giving preliminary and final approval to and authorizing the issuance of up to $9,000,000 in 501 I(3) tax-exempt revenue bonds for Educational Properties, Inc. for the acquisition and renovation of a facility located at 300 Industrial Blvd NE for the benefit of Northeast College Prep Charter School. The following is the complete text of the unpublished summarized resolution. RESOLUTION 2019R-359 By Goodman Providing final approval of and authorizing the issuance, sale, and delivery of charter school lease revenue bonds for the Northeast College Prep Project at 300 Industrial Blvd NE, Series 2019, in one or more series; approving the forms of and authorizing the execution and delivery of the bonds and related documents; providing for the security, rights, and remedies with respect to the bonds; and granting approval for certain other actions with respect thereto. 1153 City Council Proceedings – November 22, 2019 Whereas, the City of Minneapolis, a municipal corporation and home rule city and political subdivision of the State of Minnesota (the “City”), is duly organized and existing under its Charter and the Constitution and laws of the State of Minnesota; and Whereas, the City is authorized by the provisions of the Minnesota Municipal Industrial Development Act, Minnesota Statutes, Sections 469.152 through 469.1655, as amended (the “Act”), to issue revenue bonds to finance, in whole or in part, the costs of the acquisition, construction, reconstruction, improvement, betterment, or extension of a project comprised of any properties, real or personal, used or useful in connection with a revenue producing enterprise, whether or not operated for profit, or any combination of two or more such enterprises engaged in any business; and Whereas, in connection with the issuance of such revenue bonds, the City is further authorized to enter into a revenue agreement with a contracting party under which the contracting party agrees to make payments as necessary to provide for the prompt payment of the principal of and interest on such revenue bonds, and the contracting party is authorized to mortgage or otherwise encumber or grant a security interest in any project and its revenues to secure the timely payment of the revenue bonds issued by the City under the Act; and Whereas, Educational Properties NECP, LLC, a Minnesota nonprofit limited liability company (the “Company”), the sole member of which is Educational Properties, Inc., a Delaware nonprofit corporation (the “Sole Member”), and Northeast College Prep, a public charter school, Minnesota nonprofit corporation and 501I(3) organization (the “School”), have requested that the City issue its: (i) Charter School Lease Revenue Bonds (Northeast College Prep Project), Series 2019A (the “Series 2019A Bonds”); and (ii) Taxable Charter School Lease Revenue Bonds (Northeast College Prep Project), Series 2019B (the “Series 2019B Bonds,” and collectively with the Series 2019A Bonds, the “Series 2019 Bonds”); and Whereas, the proceeds of the Series 2019 Bonds are proposed to be applied to the following purposes: (i) the acquisition, renovation, and equipping of an approximately 65,810 square-foot existing building located at 300 Industrial Boulevard NE in the City, for use as a public charter school facility for grades kindergarten through eight (the “Project”); (ii) the funding of a reserve fund to secure the timely payment of the Series 2019 Bonds; and (iii) the payment of the costs of issuing the Series 2019 Bonds. The Project will be owned by the Company (or an affiliate, related entity, or successor) or the Sole Member (the “Borrower”), and leased to and operated by the School; and Whereas, the City may not undertake the Project under the Act unless the City Council of the City (the “Council”) finds that the Project furthers the purposes of the Act nor until the Commissioner of the Minnesota Department of Employment and Economic Development (“DEED”) has approved the Project as tending to further the purposes and policies of the Act; and Whereas, under the provisions of Section 147(f) of the Internal Revenue Code of 1986, as amended (the “Code”), and regulations promulgated thereunder, prior to the issuance of the Series 2019 Bonds the governmental unit which issues the Series 2019 Bonds or on behalf of which the Series 2019 Bonds are issued must conduct a public hearing on the proposed issuance of the Series 2019 Bonds and the financing of the Project; and Whereas, under the provisions of Section 469.154, subdivision 4, of the Act, prior to submitting an application to DEED for approval of the Project, the Council or a committee of the Council must conduct a public hearing on the proposal to undertake and finance the Project; and 1154 City Council Proceedings – November 22, 2019 Whereas, on November 12, 2019, the Economic Development & Regulatory Services Committee of the Council conducted a public hearing on the issuance of the Series 2019 Bonds and the financing of the Project; and Whereas, a notice of public hearing (the “Public Notice”), which provided a general description of the Project, the maximum aggregate principal amount of the Series 2019 Bonds to be issued to finance the Project, the identity of the initial owner or principal user of the of the Project, the location of the Project, and a statement that a draft copy of the proposed application to DEED, together with all attachments and exhibits, would be available for inspection at the offices of the City following the publication of the Public Notice, was published as required by Section 469.154, subdivision 4, of the Act and Section 147(f) of the Code in Finance and Commerce, the official newspaper of the City, and the Star Tribune, a newspaper circulating generally in the City, on October 26, 2019, a date at least fourteen (14) days before the public hearing conducted on November 12, 2019; and Whereas, on Tuesday, November 12, 2019, the Economic Development and Regulatory Services Committee of the Council conducted a public hearing on the issuance of the Series 2019 Bonds and the financing of the Project, at which a reasonable opportunity was provided for interested individuals to express their views on the proposed issuance of the Series 2019 Bonds and the financing of the Project; Now, Therefore, Be It Resolved by The City Council of The City of Minneapolis: That the actions of the staff of the City in establishing the date for the public hearing, preparing the Public Notice, and publishing the Public Notice in the official newspaper and in a newspaper of general circulation in the City are hereby ratified and confirmed.