Regular Meeting

February 10, 2004

 

The Board of Supervisor met in Session on the above date with the following members present: Magnusson, Peterson, Condon, Gill and Nolting.

 

Moved by Gill, seconded by Nolting to approve minutes of February 3, 2004 meeting.  Motion carried unanimously.

 

Moved by Nolting, seconded by Peterson to adopt the following Resolution:

 

RESOLUTION

 

WHEREAS, Verasun Fort Dodge, LLC, a Delaware Limited Liability Company, is considering the construction and development of a 100 million gallon ethanol plant in Webster County, Iowa; and

 

WHEREAS, this project would provide at least 42 full-time jobs, with benefits, at an annual payroll of approximately $1,300,000; and

 

WHEREAS, this project would consume approximately 40 million bushels of corn annually and provide premium corn prices to corn producers in Webster County and surrounding counties and have a substantial positive impact on the Webster County Agricultural economy; and

 

WHEREAS, the development of this project will provide infrastructure for the development of future value added projects in the vicinity of the project within Webster County; and

 

WHEREAS, this project will provide substantial construction expenditures within Webster County during the construction phase of the project; and

 

WHEREAS, Webster County is competing with an out of State site for the location of this facility; and

 

WHEREAS, one of the incentives being offered by the competing site is 100% tax abatement for 12 years; and

 

WHEREAS, the Iowa New Jobs and Income Program (NJIP) provides the ability for Webster County to match the 100% tax abatement for 12 years; and

 

WHEREAS, the Iowa New Jobs and Income Program provides additional incentives to the Company that will allow Webster County to better compete for this project; and

 

NOW, THEREFORE, BE IT RESOLVED, by the Webster County Board of Supervisors, to approve the submission of an NJIP application on behalf of VeraSun Fort Dodge, LLC.

 

BE IT FURTHER RESOLVED, by the Webster County Board of Supervisors, to approve 100% tax abatement for 12 years on the site of this project pending the State of Iowa’s approval of Webster County’s NJIP application.

 

BE IT FUTHER RESOLVED, that this Resolution shall become effective immediately upon its passage and approval.

 

PASSED AND APPROVD on this 10th day of February 2004.

 

S/Phil Condon

Chairman of the Webster County Board of Supervisors

 

ATTEST:

 

S/Carol Messerly

Webster County Auditor

 

Motion carried unanimously. 

 

Moved by Peterson, seconded by Magnusson to adopt the following Resolution and further to set 10:00a.m. on March 2, 2004 as the time and date of public hearing on the same:

 

RESOLUTION

To fix a date for a public hearing on a loan agreement

 

WHEREAS, Webster County (the “County”) pursuant to a resolution adopted by the Board of Supervisors on February 4, 1997 has previously issued its $2,500,000 General Obligation County Courthouse Bonds, dated March 1, 1997, a portion of which in the aggregate principal amount of $885,000 will be subject to prepayment by the County on June 1, 2004 (the “Callable 1997 Bounds”); and

 

WHEREAS, the County now proposes to enter into a loan agreement (the “Loan Agreement”) in the principal amount of $905,000 pursuant to the provisions of Section 331.402 of the Code of Iowa for the purpose of paying the cost, to that extent, of refunding the Callable 1997 Bounds; and

 

WHEREAS, it is necessary to fix a date of meeting of this Board at which it is proposed to take action to enter into the Loan Agreement and to give notice thereof as required by such law;

 

NOW, THEREFORE, Be it Resolved by the Board of Supervisors of Webster County, Iowa, as follows:

 

                Section 1.  This Board shall meet on the 2nd day of March, 2004, at the Webster County Courthouse, Fort Dodge, Iowa at 10 o’clock a.m., at which time and place a hearing will be held and proceedings will be instituted and action taken to enter into the Loan Agreement.

 

                Section 2.  The County Auditor is hereby directed to give notice of the proposed action on the Loan Agreement setting forth the amount and purpose thereof, the time when and place where the said meeting will be held by publication at least once and not less than four nor more than twenty days before the meeting, in a legal newspaper of general circulation in the County.

 

                Section 3.  All resolutions or parts of resolutions in conflict herewith be and the same are hereby repealed to the extent of such conflict.

 

Passed and approved February 10, 2004.

 

S/Phil Condon

Board of Supervisors

 

Attest:

 

S/Carol Messerly

County Auditor

Motion carried unanimously.

 

Moved by Magnusson, seconded by Gill to approve and authorize Letter of Intent for Ruan Securities for assistance in refinancing $905,000 General Obligation Courthouse Refunding Note. (Copy on file in Auditor’s office).  Motion carried unanimously.

 

Moved by Gill, seconded by Nolting to approve appointment of Irene Blair to Cherokee Mental Health Citizen’s Advisory Committee.  Motion carried unanimously.

 

Moved by Nolting, seconded by Peterson to amend Northwoods Living MH/DD Contract to add supported employment services at the rate of $49.76 per hour.  Motion carried unanimously.

 

Moved by Peterson, seconded by Magnusson to receive and place on file employment status change for Madai Taylor to Permanent part-time, effective February 16, 2004.  Motion carried unanimously.

 

Moved by Magnusson, seconded by Gill to approve Bond of Beemer Well Company.  Motion carried unanimously.

 

Moved by Gill, seconded by Nolting to allow claims.  Motion carried unanimously.

 

Moved and seconded the meeting adjourned.  Motion carried unanimously.