CCMin_84Oct10 - Laserfiche WebLink

Home Browse Search

MINUTES REGULAR CITY COUNCIL MEETING OCTOBER 10, 1984 PAGE 5 ~1 .J Upon a vote being taken, the following voted in favor thereof: Mayor Eggert, Councilmembers Ciernia, Hard and Chestovich, and the following voted against the same: Councilmember Baldwin. Motion carried. Fiscal Consultant Cheno weth inquired if the $400,000 TIF Bonds are not needed until construction starts in the spring, what will be done with the funds? Mary Ippel stated that if the bonds are issued and invested in a fund at National City Bank it would probably be agreeable to the bank, and she will check into the matter further. BULLSEYE $20,000 CASHIER CHECK IN LIEU OF LETTER OF CREDIT Mayor Eggert moved, seconded by Councilmember Chestovich, that Resolution 84-36 be adopted with the following stipulations: (1) sale of the bonds may be can- celled in the event that Staff, Ehlers and Associates, and the City Attorney determines that there has been a substantial change in the market value of the project, (2) Bullseye demonstrates to the satisfaction of the City Attorney and Staff that the project will go through in compliance with the development agree- ment, and (3) the closing on the industrial revenue bonds be prior to November 5, 1984. Mayor Eggert moved, seconded by Councilmember Chestovich, that the meeting be extended to allow completion of-the matters under discussion. Motion carried unanimously. Upon a vote being taken, the following voted in favor thereof: Mayor Eggert, Councilmembers Ciernia, Hard, and Chestovich, and the following voted against the same: Councilmember Baldwin. Motion carried. RESOLUTION 84-36 RESOLUTION PROVIDING FOR PUBLIC SALE OF $600,000 GENERAL OBLIGATION TAX INCREMENT BONDS OF 1984, SERIES B Mayor Eggert moved, seconded by Councilmember Chestovich, that Final Note Resolution 84-37 be approved. Upon a vote being taken, the following voted in favor thereof: Mayor Eggert, Councilmembers Ciernia, Hard, and Chestovich, and the following voted against the same: Councilmember Baldwin. Motion carried. RESOLUTION 84-37 FINAL PdOTE RESOLUTION - $1,400,000 COMMERCIAL DEVELOPMENT REVENUE NOTE OF 1984 (BULLSEYE GOLF CENTERS, INC. PROJECT) Mayor Eggert moved, seconded by Councilmember Hard, that the meeting be extended to allow discussion of item 5(h) dealing with liquor licenses. MEETING EXTENDED RESOLUTION 84-36 RESOLUTION 84-37 MEETING EXTENDED Mayor Eggert informed that two persons have indicated an interest in OFF SALE obtaining a license for an off-sale liquor establishment. Council concurred LIQUOR that more information is needed regarding criteria used i n issuing licenses, STORE how other communities handle such licenses, etc. Council directed the City LICENSES Attorney to research the matter and report back, and the Clerk Administrator DISCUSSED to obtain information from neighboring cities.