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03 16 26 Public Hearing On The Issuance Of Revenue Obligations By North Shore Gymnastics Association

Maple Plain City CouncilTuesday, March 17, 2026
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All right. Good evening. It is Monday, March 16th at 5:30 p.m. and I'm calling the meeting to order. Looking for a motion to adopt this evening's agenda. >> So moved. >> Second. >> Moved by Francis, second by Berk. Any further discussion or questions? Hearing none. All in favor, please signify by saying I. >> I. >> I. Oppose. same sign. And I went out of order, so please stand for the pledge of allegiance. >> I pledge to the flag of the United States of America and to the republic for which it stands, one nation under God, indivisible, with liberty and justice for all. >> All right. Thank you all for your flexibility. Uh my apologies. We've adopted the agenda, so we will move on to new business. Tonight's new business is a public hearing on the issuance of revenue obligations by Northshore Gymnastics Association. And I will turn that over to staff. >> Thank you, Madame Mayor, members of the council. Uh this hearing uh is uh for the issuance of revenue obligation bonds by Northshore Gymnastics. Um, Northshore Gymnastics Association in conjunction with the City of Independence as issuer is planning to use taxexempt financing to fund its new 48,000 square ft facility located here in Maple Plane. The maximum amount of the bond to finance the project is 8.5 million and the economic feasibility of the project is greatly enhanced by Northshore's ability to utilize taxexempt financing. IRS code related taxexempt financing requires that any jurisdiction in which the project is located must approve the issuance of the bonds. Maple Plane has no financial obligation or liability of any kind related to this bond. Public hearing is to allow residents of Maple Plane to express their views with respect to the project. comments made during the public hearing um or before received in writing, which we had none. Um that would address to the council um any concerns that people have with this bond. So, I turn it back over to you to open the public hearing. >> All right. Thank you, Administrator Schillinger. Um, at this time I'm looking for a motion to open the public hearing on the issuance of revenue obligations by the Northshore Gymnastics Association. >> I'll make that motion. >> Moved by Bureick. >> Second. >> All in favor? Signify by saying I >> I post same sign. The eyes have it 3 to zero. The public hearing is open at 5:33 p.m. Is there anyone to speak for the public hearing? Anyone to speak for the public hearing? And the third call. Is there anyone to speak for the public hearing? >> Seeing no one to speak. Looking for a motion to close the public hearing. >> I'll make that motion. >> Moved by Francis. >> I'll second that motion. >> Any further discussion or questions? Hearing none. All in favor of closing the public hearing signify by saying I. >> I. >> I. >> Oppos. Same sign. The eyes have it. Three to zero. And the public hearing is closed. And then this item of business will be on our agenda next week during our business meeting. Is that correct? >> Um thank you, Madame Mayor. Um it hopefully it will be. It may be extended into April. They've got some stuff that they're working on still. >> Okay. Thank you for that update. Well, we'll keep our fingers crossed and we will watch for it in March or April then. Um with that, any other business come before us this evening? Hearing none. Looking for a motion to adjurnn. >> So moved. >> Moved by Francis. >> Second. >> Second by Ber. All in favor signify by saying I. I. >> Eyes have it. Three to zero. The meeting's adjourned at 5:34.