RecordingTranscript availableAnalysis ready61:30

Woodbury HRA/City Council Meeting 4-16-2025

Woodbury City CouncilThursday, April 17, 2025
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Approval of Housing and Redevelopment Authority (HA) consent agenda

Public hearing for issuance of $22.25M in conduit revenue bonds for Reserve at Settler's Ridge phase two

Public hearing for issuance of $55M in conduit revenue bonds for The Meadows at Prairie Ridge

Presentation of Community Member Merit Award to George Frambo

Proclamation of Public Service Recognition Week, Peace Officers Memorial Day, and Emergency Medical Services Week

Donation and demonstration of protective K9 vests by Woodbury Police K9 Fund

Full Document Analysis

Votes (3)

Approve consent agenda items 3A and 3B

Passed4-0

Moved by Commissioner · Seconded by Commissioner

Adopt HA resolution 25-03 for financing of Reserve at Settler's Ridge

Passed4-0

Moved by Commissioner · Seconded by Commissioner

Adopt HA resolution 25-04 for financing of The Meadows at Prairie Ridge

Passed4-0

Moved by Commissioner · Seconded by Commissioner

Notable Quotes (2)

The federal government allocates a certain amount of tax exempt bonds to each state... since we don't have an entitlement issuer, we have to go to the state.

— Jamie Fritz
Bond financing processExplaining the competitiveness of bond volume caps.

It'll take us about 22 months for construction and we'll start leasing about 3 months ahead of time.

— Mike Hudson
Construction timelineTimeline for The Meadows at Prairie Ridge.

People (5)

Anne WbertMayor / Chair

Chair of the HA meeting and Mayor presiding over city council proceedings.

Jamie FritzStaff

Presents housing development projects and bond issuance details to the HA board.

1 quote

“The city and the HA are not liable for the repayment of the proceeds of the bonds.”

Explaining the conduit nature of the revenue bonds.

George FramboCommunity Member

Recognized for thwarting an elder financial scam while working as an Uber driver.

1 quote

“Please in all the senior homes in the city, I want you to make a requirement that all the frontline staff should be trained on educated on this type of incidents.”

Requesting city-wide senior safety training following his experience.

Jason PoselDirector of Public Safety

Presents community awards and discusses the K9 vest donation program.

Bob BixbyPresident

Oversees fundraising for specialized police equipment.

Places Mentioned

Woodberry Council ChambersReserve at Settler's RidgeThe Meadows at Prairie Ridge55125 Zip Code

Events & Meetings (2)

  • April 16, 2025 - 7:30 p.m. Housing and Redevelopment Authority (HA) Meeting
  • April 16, 2025 - 7:46 p.m. City Council Meeting

Ordinances & Resolutions (2)

HA Resolution 25-03

Approves plan for financing and issuing multifamily housing bonds for Woodbury AH2 LLP.

HA Resolution 25-04

Approves plan for financing and issuing multifamily housing bonds for LSBD Woodbury Manning LLC.

Transcript