Laserfiche WebLink
MINUTES OF THE WORKSHOP MEETING <br />CITY COUNCIL <br />LITTLE CANADA, MINNESOTA <br />SEPTEMBER 27, 1989 <br />Pursuant to due call and notice thereof a workshop <br />meeting of the Council of the City of Little Canada, <br />Minnesota was held on the 27th day of September, 1989 <br />in the Council Chambers of the City Center located at <br />515 Little Canada Road in said City. <br />Mayor Michael Fahey chaired the meeting and called it <br />to order at 7:00 P.M. The following members of the <br />Council were present at roll call: <br />MEMBERS PRESENT: Mayor Mr. Michael Fahey <br />Councilwoman Mrs. Beverly Scalze <br />Councilman Mr. Bill Blesener <br />Councilman Mr. Rick Collova <br />Councilman Mr. Jim LaValle <br />ALSO PRESENT: City Auditor Mr. Bob Voto <br />Briggs & Morgan Ms. Mary Ippel <br />Juran & Moody Mr. Brad Farnham <br />Recording Sec. Mrs. Kathy Glanzer <br />FIRE STATION Mary Ippel, Briggs & Morgan, reported that the City has <br />FINANCING been looking at financing sources available for <br />ALTERNATIVES construction of a new fire station. Ippel reported <br />that at the last legislative session, financing sources <br />were created that were previously not available and <br />which will allow the City to levy taxes to make <br />long-term installment purchase payments. <br />Ippel reported that present levy limit laws limit the <br />amount of taxes that can be raised in any one year. A <br />levy for an installment purchase contract on a year to <br />year basis is not deemed debt and, therefore, must be <br />within the City's levy limits. However, if an Housing <br />Redevelopment Authority or an Economic Development <br />Authority were involved, the financing can be <br />structured so that the levy is determined to be a <br />special levy as in the case of bonded debt. In the <br />case of financing of a fire station, the EDA or ARA <br />would be deemed the seller of the fire station and the <br />City deemed the purchaser. <br />Page 1 <br />