Johnston City Council Special Meeting Wednesday, October 8, 2025

Johnston City Council Special Meeting Wednesday, October 8, 2025 1. Participation Information A. To Participate in this Meeting: https://us02web.zoom.us/j/96939835050 2. Opening of Meeting A. Call to Order - Special Meeting 25-04 Mayor Dierenfeld called the meeting to order at 8:31 a.m. B. Roll Call Members present Tom Cope, James Evans, Rhonda Martin, Suresh Reddy, Bryan Burkhardt 3. Non-Consent Agenda A. Consider Resolution 25-246 - Approving and Authorizing Execution of a Subordination Agreement by and Between the City of Johnston, Iowa and Grinnell State Bank Economic Development Director Josh Laraby reviewed the purpose of the action, and the impacts on the City's position on the development property. Laraby explained that on August 18, the Council had approved allowing the developer to draw down on the existing mortgage, which he is now intending to do. However, Grinnell State Bank would rather redo a new mortgage instead of the drawdown on the existing mortgage. The Council's action would approve a subordination agreement on the new mortgage, Laraby noted that this drawdown would allow the developer to begin purchasing some important items such as the raw steel. Motion by Bryan Burkhardt, second by James Evans to Approve Resolution No. 25-246. Final Resolution: Motion Carried Yes: Tom Cope, James Evans, Rhonda Martin, Suresh Reddy, Bryan Burkhardt B. Consider Third and Final Reading of Ordinance No. 1143 Amending Ordinance 487,733,790, 847, 953, 997, and 1103 and Providing That General Property Taxes Shall No Longer be Divided on Certain Property Located with the Beaver Creek Urban Renewal Area, In the City of Johnston, County of Polk, State of Iowa (Removing "Amendment No. 1 Area" from Division of Taxes); and to Adopt and Publish Economic Development Director Josh Laraby noted that the Council had approved the second consideration of this Ordinance at their October 6 meeting, but was unable to waive final consideration. Laraby advised that this action would allow the City to be maintain compliance with state code. Motion by Bryan Burkhardt, second by Suresh Redd to Approve Third and Final Consideration of Ordinance No. 1143, and to adopt and publish. Final Resolution: Motion Carried Yes: Tom Cope, James Evans, Rhonda Martin, Suresh Reddy, Bryan Burkhardt 4. Closing of Meeting A. Adjournment The meeting adjourned at 8:36 a.m. Paula S. Dierenfeld, Mayor Attest: Acting Deputy City Clerk October 14 2025 LIOW0386957