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MINUTPS OF THE RI'sGULAR P4EETING <br />CITY COUNCIL <br />LIT'CLF. CANADA, MINNLISOTA <br />May 26, 1982 <br /> Pursuant Co due cal.l and notice [hereof a regul.ar meeting of [he <br /> Council oL the City of. LitCle Canada, Minnesota was hel.d on the <br /> 26th day of May, 1982 in the Council Chambers of the City Center <br /> locaCed a[ 515 Littl.c Canada Koad in said City. <br />Agenda '1'he Mayor., Mr. Raymond Hanson, chair.ed the meeting and called i.t <br />Item No. 1. to order at 7:02 P.M. and the Lollowing were present a~ ro11 ca11: <br />Agenda MEMI3GRS PRESENT: Mayor Mr. Raymond Hanson <br />Item No. 2 Councilman Mr. Mi.chael Pahey <br /> Counci.lman Mr. Dennis Forsberg <br /> Councilwoman Mrs. Mugs Narclini <br /> Councilwoman Mrs. Beverly Scal.ze <br /> ALSO PRESENT: City Cl.erk Mr. ,loseph Ch].ebeck <br /> Consultin~ Engineer Mr. llonald Carley (arrived 7:25P.M.) <br /> City Attorney Mr. Thomas Swceney <br /> City Ylanner Mr. Brad Niel.son <br /> Recording Secretary ~irs. KathLeen Glanzer <br />Approval. Mrs. ~ard:ini inCroduced the followi.ng resolution and moved its adoption: <br />Of: The <br />Mi.nutes RESOLlJTION N0. 82-5-277 - APPROVING THE <br /> MIl`diJT7:S OP THG MAY 12, 1982 R~GULAR COWi CIL <br />E~genda ME°7'Ii@i; <br />7:tem No. 3 <br /> The foregoing resolution was duly seconded by Mr. i'orsberz;. <br /> Ayes (5) Nardini, Porsberp„ I~lanson, Fahey,Scalze. <br /> Nayes (0). <br /> ResoluCion decl.ared adopte<l. <br /> This r.esolution appear.s in Kesolution I3ook No. 8, Pap,e 229. <br />Senior Mr. Sweeney, the City Attorncy, reported thaC he recenCJ.y sent a Letter <br />Ci.Cizen to the Council outlining the current law in the State oI ~1innesota which <br />Housing says that tax increment f.inancing for senior citiren housing wi11. not <br />be possible because a non-profi.t organization does not pay taxes and, <br />Aryenda therefore, there would be no Cax i.ncrement to provicle debt ser.vzce <br />Item No. 4 for the [ax i.ncrement bond. <br />Mr. Fahey commenCecl that the other t~ao options that che City has ~vould <br />be for block grants to Linance the purchase of. the pr.operty or. nerhaps <br />trying to geC voters to approve the i.ssuance of general obli~;ation bonds. <br />P1r. Sweeney stated that i.t would have to be determined i.f bonds could <br />be used for this puroose. Mr. Sweeney stat.ed that he wi.11 check on thi_s <br />and repo;t back to the Counci.l. <br />Page -1- <br />