HomeMy WebLinkAbout10-24-84 Reconvened Mtg.
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Hastings, Minnesota
October 24, 1984
205
The City Council of the City of Hastings, Minnesota met in
a reconvened meeting on Wednesday, October 24, 1984, at 5:00 p.m. in
the City Hall Council Chambers.
Members Present: Councilmen Karnick, Nesbitt, Plan,
Trautmann, Werner, and Mayor Stoffel.
Members Absent:
Councilmen Klimek, Pike, and Kulzer.
Councilman Pike arrived at 5:06 p.m.
Councilman Kulzer arrived at 5:09 p.m.
The purpose of the special reconvened meeting was to discuss
the possible construction of a hydroelectric power plant at Lock and
Dam No.2.
The City Administrator/Clerk reviewed the items, to be
considered by Council, for the hydroelectric plant. The items
of consideration were: 1) The City of Hastings reimburse the
City of Hibbing $250,000 for obtaining their license; 2) Hastings
guarantee $25,000 whether the project proceeds or not; 3) The
City of Hastings submit a 1% ($90,000) letter of credit Dr check for
a $9,000,000 Industrial Development Bond to the Minnesota Department
of Energy and Economic Development; and 4) The City of Hastings
reach an agreement with James Hansen and Associates for fair and
reasonable compensation.
HYDROELECTRIC
POWER PLANT
Moved by Councilman Werner, seconded by Councilman
Trautmann that 1) the City of Hastings enter into an agreement
with the City of Hibbing whereby the City of Hastings agrees to
pay the City of Hibbing Utilities Commission $250,000 for their
costs in obtaining a license for the construction of the hydro-
electric power plant on Lock and Dam No. 2 when the license is
transferred to the City of Hastings. If the project does not
proceed the City of Hastings would guarantee ten percent (10%)
of those project costs($25,000) to the City of Ribbing; and 2)
The City issue a letter of credit to the Minnesota Department
of Energy and Economic Development not to exceed $90,000 and
to pay Hastings Hydroelectric Company $87,000 in which they pro-
vide the City with studies and work completed on the project.
This is also subject to the results of the meeting in Washington
D.C. on Thursday, October 25, 1984, and subject to reversal of
the City Council. The City of Hastings approves the draft letter
of intent received from Northern States Power Company, dated
October 23, 1984. Ayes, 7; Nayes, None.
Moved by Councilman Nesbitt, seconded by Councilman
Pike to adjourn the meeting at 6:15 p.m. Ayes, 8; Nayes, None.
ADJOURNMENT
LASERFfCHED
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