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MINUTES 1 ~ J SPECIAL CITY COUNCIL MEETING DECEMBER 3, 1985 A special meeting of the Falcon Heights City Council was called to order at 6:05 P.M. by Mayor Eggert. Mayor Eggert, Councilmembers Hard, Ciernia, Chenoweth, and Baldwin. Also PRESENT present were Clerk Administrator Barnes and Fiscal Consultant Apfelbacher. None. ABSENT The bid opening and first item on the agenda relating to the bond sale for the Falcon Heights Office Park was deferred due to a delay in the delivery of the bids. Council reviewed the Planning Commission Minutes of December 2, 1985 SPECIAL relating to the conditional use request from Bullseye Golf, Inc. and MEETING AND discussed the Planning Commission's recommendation that a temporary PUBLIC conditional use be granted with the stipulation that the Golf-O-Mat HEARING ON operation in the lower level of the. buildingtPrminate no later than BULLSEYE March 31, 1985 or until the Bullseye Plaza Building is fully leased and CONDITIONAL occupied, whichever is first. Council briefly discussed past problems with USE REQUEST the owner of the building and whether or not a special meeting should be FOR GOLF-O- scheduled for a public hearing on the matter, since there was not ample MATS TO BE time to publish the hearing notice prior to the meeting scheduled. for HELD 12/19/85 December 11, 1985. Mayor Eggert moved, seconded by Councilmember Hard, ONLY IF that the public hearing be scheduled for December 19, 1985 at 7:30 P.M. OWNER OF only if the owner, Dennis Hunt, is available to be present, and if so the PROPERTY IS December 11, 1985 meeting will be chancelled; if Mr. Hunt cannot be present, AVAILABLE the hearing will be scheduled for 7:30 P.M. on January 8, 1986, and the December 11, 1985 meeting will be held as previously planned. Motion carried unanimously. Mr. Hunt's attorney will be contacted to make arrangements and Council will be informed of the outcome by noon December 4th. Fiscal Consultant Apfelbacher opened and presented the bids for sale of BID OPENING $745,000 General Obligation Tax Increment Bonds (Falcon Heights Office $745,000 Park) as follows: (1) First National Bank of St. Paul, 7.1069, G.O. (2) Norwest Investment Services, 7.1497, (3) Piper, Jaffray & Hopwood, TIF BONDS Inc., 7.57307, (4) Dain Bosworth, Inc., 7.3091, and (5) Cronin & Co., F.H. OFFICE 7.228. Mr. Apfelbacher recommended accepting the low bid from First p~,gK National St. Paul, and explained that these bids were based on the City's existing bond rating and were accepted with that understanding. He did not feel there was any concern that the bond rating would be lowered, and will be in contact with Moodys Rating Service regarding the matter. Mayor Eggert moved, seconded by Councilmember Hard, that Resolution R-85-68 be adopted awarding the bid. Motion carried unanimously. RESOLUTION R-85-68 RESOLUTION R-85-68 RESOLUTION ACCEPTING BID ON SALE OF $745,000 GENERAL OBLIGATION TAX INCREMENT BONDS OF 1985, SERIES B, PROVIDING FOR THEIR ISSUANCE AND PLEDGING TAX INCREMENTS FOR THE SECURITY THEREOF MEETING At this time the meeting. was recessed to hold a workshop on the City's RECESS FOR Comparable Worth Study, which was prepared by the Human Rights Commission WORKSHOP ON and presented by Chair Connie McGeorge. COMPARABLE WORTH