August 5, 2024 Bloomington City Council Meeting

Monday, August 5, 2024

National Night Out proclamation

Approval of Series 2024A General Obligation Charter Social Bonds

Consent agenda items including memorial agreement for Dred Scott Park

Ballot language for ranked choice voting charter amendment

RS-1 Zoning District review (Part Two)

Votes (5)

Accept tonight's agenda

Passed6-0

Moved by Mayor Bussey · Seconded by Councilmember Carter

Award sale of Series 2024A Social Bonds ($9,110,000)

Passed6-0

Moved by Councilmember Dallessandro · Seconded by Councilmember [Unspecified]

Approve consent business

Passed6-0

Moved by Councilmember [Unspecified] · Seconded by Councilmember Dallessandro

Approve memorial agreement for Dred Scott Park

Passed6-0

Moved by Councilmember Nelson · Seconded by Councilmember [Unspecified]

Approve resolution regarding ballot language for charter amendment

Passed6-0

Moved by Councilmember Carter · Seconded by Councilmember Rivas

Notable Quotes (3)

Our crime is down 16% from last year... that will may be one of the record low numbers for crime in the City of Bloomington.

Tim Bussey
Public SafetyDuring the National Night Out proclamation.

We really emphasize the social piece in regards our racial equity and sustainability activities.

Laurie Economy-Shoulder
Financial PolicyExplaining the designation of the new bond issue as a 'Social Bond'.

Today we gained favorably moved ten basis points for the city. So today alone was ten basis points or about 40 basis points over the last week.

Elizabeth Bergman
Bond SaleExplaining bond market timing.

People (5)

Tim BusseyMayor

Facilitated the meeting, delivered the National Night Out proclamation, and led bond sale discussions.

Laurie Economy-ShoulderCFO

Presented the sale of the Series 2024A Social Bonds.

Elizabeth BergmanPrincipal at Baker Tilly

Provided expert testimony on bond market dynamics and social bond appeal.

Melissa ManderscheidCity Staff

Managed presentation regarding ballot language for the charter amendment.

Nick JohnsonPlanning Division Staff

Led the discussion on the RS-1 Zoning District review.

Places Mentioned

Bloomington Council ChambersDred Scott ParkBloomington, Minnesota

Events & Meetings (2)

  • Monday, August 5, 2024 - City Council Meeting
  • Tuesday, August 6, 2024 - National Night Out

Ordinances & Resolutions (2)

Series 2024A

Resolution awarding the sale of general obligation charter social bonds.

Unspecified

Resolution regarding November 5 ballot language for ranked choice voting petition.

View Source
August 5, 2024 Bloomington City Council Meeting - Bloomington Recorder