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1. Call to Order: 6:05 p.m., virtual meeting at Zoom.us & physical meeting at Village Hall Meeting Room, 122 E. Lincoln Ave., Fall Creek. 2. Roll Call: Members Present: President Tim Raap, Trustees Sheena Kaatz, Matt Mattoon, Karen Strasburg. Members Absent: Trustees Joyce Aldrich, Kelli Corbin, Bob Jenkins. Staff Present: Administrator/Public Works Director Jared McKee & Clerk-Treasurer Renee Roemhild. Also in attendance: Ehlers representatives Sean Lentz & Josh Low. Those noted in attendance include those attending via the virtual meeting. 3. Certify Open Meeting Law Requirements Have Been Met: A notice of the meeting and an agenda (including instructions if wishing to attend the virtual meeting) was posted in the three public places and local newspapers were notified. 4. Adopt Agenda:  MOTION (Mattoon/Kaatz) to adopt the agenda as printed. PASSED, without negative vote. 5. Consider Resolution Authorizing the Issuance and Sale of $1,735,000 General Obligation Refunding Bonds, Series 2020A: President Tim Raap stated the issue size was reduced to $1,730,000 since the posting of the agenda. Financial Advisor Sean Lentz updated the Board on progress since the 7/27/20 meeting, reviewing the three debt issues that were being considered for refinancing with a new combined bond issue; term will be kept the same, two issues are repaid by Village’s water utility and one by sewer utility. Working with a group called Bankers’ Bank, a very aggressive purchaser of non-rated, up-to-20-year general obligations issues in Wisconsin, Ehlers today received their proposed interest rates showing yearly coupons varying from .35% in 2020 to 2.0% in year 2036. The average of the combined rates over the years resulted in a Total Interest Cost (TIC) rate of 1.5311% and when factoring in the cost of issuance (Underwriters Fee, Ehlers Fee, Bond Council, etc.) resulted in an All Inclusive Cost (AIC) rate of 1.80%. The interest rate came in lower than estimated at the 7/27 meeting, so they were very pleased. The proposal would result in an overall cash flow interest savings of $238,783. Annual reduction in debt service costs over the 16-year term averaged $14,750/yr. This new issue would be pre-payable after March 1, 2027.  MOTION (Raap/Mattoon) to adopt RESOLUTION #2020-0805A authorizing the issuance and sale of $1,730,000 general obligation refunding bonds. PASSED, roll call vote: Kaatz-yes, Mattoon-yes, Raap-yes, Strasburg-yes. 6. Consider Kopplin Road Reconstruction Project, Including Amendment of 7/13/20 Award to Senn Blacktop: Village Administrator/Public Works Director Jared McKee reported on the scope of the project and matching our project to what the Town of Lincoln is doing.  MOTION (Mattoon/Raap) to rescind the motion from 7/13/20 awarding the project to Senn Blacktop and to coordinate with Town of Lincoln to match their specs. PASSED, roll call vote: Mattoon-yes, Raap-yes, Strasburg-yes, Kaatz-yes.  MOTION (Strasburg/Mattoon) authorizing up to $3800 to replace the sunken culvert on Kopplin Road, at the discretion of the Administrator/PWD. PASSED, roll call vote: Raap-yes, Strasburg-yes, Kaatz-yes, Mattoon-yes. 7. Adjourn:  MOTION (Kaatz/Mattoon) @ 6:42 p.m. PASSED without negative vote. Renee Roemhild, Clerk-Treasurer Village of Fall Creek Minutes of Special Village Board Meeting August 5, 2020