09-23-92 Council Minutes - Laserfiche WebLink

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MINUTES CITY COUNCIL SEPTEMBER 23, 1992 the Breckenridge Project. Ippel reported that the proposal involves the refinancing of bonds previously issued in 1984 at a lower interest rate. These bonds are the sole responsibility of Breckenridge Associates and are in no way an obliqation of the City, County or State. Blesener asked if the costs incurred by the City in this matter would be borne by the developer. Ippel replied that this was correct. Mr. Blesener introduced the following resolution and moved its adoption: RESOLUTION N0. 92-9-332 - AUTHORIZING THE ISSUANCE OF COMMERCIAL DEVELOPMENT REVENUE REFUNDING BONDS TO REFINANCE A PROJECT UNDER MINNESOTA STATUTES, CHAPTER 469 (BRECKENRIDGE ASSOCIATES PROJECT) The foregoing resolution was duly seconded by LaValle. Ayes (5) Blesener, LaValle, Collova, Hanson, Scalze. Nays (0). Resolution declared adopted. RECESS At this point in the meeting, 9:44 P.M., Council took a short recess. The meeting was reconvened at 9:50 P.M. STATEWIDE The City Planner reported that the State is requiring SHORELAND the update of shoreland management rules by cities by MANAGEMENT September of 1994. The Planner reported that the DNR RULES has matching grant funds available to assist cities in updating these rules, and all grant applications must be submitted by the end of September. There is a $5,000 cap on grants funds. The City Planner estimated the cost of updating the City's shoreland management rules at $3,000. Mr. LaValle introduced the following resolution and moved its adoption: RESOLUTION NO. 92-9-333 - AUTHORIZING THE CITY PLANNER TO SUBMIT A SHORELAND GRANT APPLICATION TO TAE COMMISSIONER OF NATURAL RESOURCES FOR ASSISTANCE IN UPDATING THE CITY'S STATEWIDE SAORELAND MANAGEMENT RULES The foregoing resolution was duly seconded by Blesener. Ayes (5) LaValle, Blesener, Collova, Hanson, Scalze. Nays (0). Resolution declared adopted. Page 19