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MINUTES ~~ REGULAR CITY COUNCIL MEETING OCTOBER 10, 1984 PAGE 2 The State pool for Industrial Revenue bonds. If at any time Bradford BRADFORD Schools and the City cannot agree, the application can be withdrawn, and SCHOOLS Bradford Schools must still go through regular channels as required by (cont.) ordinance. The Planning Commission reviewed the presentation at their October 5th meeting, and indicated their approval of the concept. Brad Lemberg, Bonestroo and Associates, introduced the proposal and pre- liminary layout for the School, and introduced Maggie Good, Vice President of Finance for Bradford Schools, Chris Seigal, Project Manager, Jim Zillman, President of the Minneapolis Business College, and Robyn Hanson, Bond Attorney with Briggs and Morgan. Chris Seigal gave background information on Bradford Schools including the type of training, types of students, tuition, etc. He explained that they desire to construction an office type building which will be used for classroom purposes and residential housing for approximately 160 female students. Jim Zillman gave background information on the Minneapolis Business College. He explained that the students in the school are 90% female, rules are very strict, curfews, no alcohol, and the residential townhouses would be under the supervision of a full time resident director. Mr. Lemberg then presented the four different layouts and explained that construction would probably start with the office building and three townhouse units, with the other townhouses to be construction as the need arises. Councilmember Ciernia expressed concern that there is no provision for recreational facilities. Mr. Seigal explained that some of the class room space will be used for lounge area, but due to the intensity of the study program they have found little need for recreation. Mr. Zillman felt that there would be adequate tennis in surrounding parks. Council- member Chestovich commented on increased traffic at Prior and Larpenteur. Mr. Seigal stated that classes-are staggered and there would not be a mass exodus. Residents of theabutting neigborhood to the north expressed concern over use of the park, walkway to the north, and parking, and requested that Council check with other Bradford Schools to find the impact on the neighborhood. Robyn Hansen explained that Bradford Schools must apply for Industrial Revenue Bonds by October 20 and that is the reason the matter is being handled now rather than after more definite plans have been made. Attorney Van de North recommended Council give preliminary approval. ..The matter is then subject to State approval and final approval of Council. Maggie Good explained that they would prefer a certificate of deposit rather than a letter of credit, suggested their credit references be checked by the City, and she would be willing to go through the financial background of the company. Proposed Resolution 84-35 was reviewed by Council alter which Mayor Eggert moved, seconded by Council- member Chestovich, that Resolution 84-35 be adopted with the understand- ing that this resolution does not bind the City to the approval of