CITY OF HUDSON COMMON COUNCIL

SPECIAL MEETING MINUTES OF MONDAY, JUNE 29, 2009

Meeting called to order by Mayor Dean Knudson at 6:00 p.m.

PRESENT: Mayor Dean Knudson, Alderpersons Randy Morrissette, Pam Brokaw, Lori Bernard, Lee Wyland, Scot O’Malley and Alan Burchill.

OTHERS PRESENT: Devin Willi, Betty Caruso and Sean Lentz.

APPLICATIONS FOR OPERATOR’S LICENSES: Morrissette recused himself. Motion by O’Malley, second by Wyland, to approve issuance of Operator’s Licenses for the period of July 1, 2009 to June 30, 2011, to the following:

Christopher C. Acker 24 Bridgewater Trail Hudson, WI

Aliza J. Alverson 1009½ E. Cascade Avenue River Falls, WI

Andrew W. Bylander 1373 45^th Avenue Amery, WI

Teodulo Casiano 2207 Namaekagon St. Hudson, WI

Llony Castellano 1801 Lupine Drive Hudson, WI

Nina F. Cooper 417 Garfield Street Dresser, WI

Scott G. Dardine 625 6^th Street North Hudson, WI

Ross R. Freeman 315 Third Street Hudson, WI

Penelope J. Godbout 13 Heritage Green Hudson, WI

Amy M. Hunn 6206 Inwood Court N. Stillwater, MN

William J. Kotz 602 6^th Street North Hudson, WI

Thomas P. Mattson 633A Kingfisher Lane Woodbury, MN

Victor G. Mercado 281 Cimarron Lake Elmo, MN

Robyn M. Osborn 1509 Hidden Valley Circle Houlton, WI

Kimberly J. Penman 218 Twelfth Street S. Hudson, WI

Breanna R. Wessberg 103 3^rd Street River Falls, WI

Katherine B. Workman 248 Red Pine Trail Hudson, WI

Sandra M. Zoellner 671 150^th Street Roberts, WI

All ayes (5). MOTION CARRIED.

REVIEW BIDS AND AWARD SALE OF GO PROMISSORY NOTE – RESOLUTION NO. 8-09 AUTHORIZING THE ISSUANCE AND SALE OF $3,260,000 GENERAL OBLIGATION PROMISSORY NOTES, SERIES 2009A. Mr. Sean Lentz, the City’s financial advisor from Ehlers & Associates, presented the results of the sale of general obligation promissory notes which took place earlier in the day. Lentz reviewed the process of issuing the notes and anticipated uses of the funds and provided the Council with an update on the bond rating process. The City continues at an Aa3 rating, which is excellent for a community Hudson’s size. He indicated that nine (9) bids had been received and that M & I Bank of Milwaukee had submitted the bid with the lowest true interest rate over the life of the note at 3.3813%. The amount of the note, based on the bid results, was reduced to $3,200,000. The total interest and principal payments will be approximately $135,000 less than anticipated. Ehlers recommended acceptance of the bid from M & I and approval of the resolution.

MOTION by Wyland, second by O’Malley, to suspend the rules toward adoption of Resolution No. 8-09. Roll call vote, Ayes (6), MOTION CARRIED.

MOTION by Wyland, second by O’Malley, to adopt the following:

RESOLUTION NO. 8-09

RESOLUTION AUTHORIZING THE ISSUANCE AND SALE OF

$3,200,000

GENERAL OBLIGATION PROMISSORY NOTES, SERIES 2009A

DATED JUNE 29, 2009

(Copy on file in Clerk’s office )

All ayes (6), MOTION CARRIED.

MOTION by O’Malley, second by Burchill to adjourn. All ayes. MOTION CARRIED at 6:14 p.m.

Devin J. Willi, City Administrator

I hereby certify that the City Administrator has submitted the foregoing minutes to me, and I hereby by my signature approve said minutes and all acts of the Common Council as set forth therein.

Dean R. Knudson, Mayor