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2 '9 <br />connection charges would provide extra working capital for additional lateral lines, <br />etc. The feasibility would depend on whether we had to pay the NSSSD connection <br />charges. He thought that a reasonable connection charge for the Village for each <br />hookup would be $250.00, providing that there were no NSSSD charge. <br />Mr. L'Allier inquired whether the $35.00 per acre charge was against all acreage, <br />including low -land and swamp, and was told that the acreage included that of <br />Centerville, but excluded all marginal land. <br />Mr. Springsted stated that the condition of the bond market was terrible, catas- <br />trophic. The rates of municipal bonds were the highest ever at 5.93 BBI Index. <br />This was the result of the high cost for money and the uncertainty of current <br />pending legislation on the tax - exempt status of municipal bonds. <br />He suggested that a resolution be sent to the Legislators on the subject, and was <br />told that we had sent a telegram to Congressman MacGregor and that the County <br />Assn. had passed a resolution which we would pass on. Mr. L'Allier mentioned that <br />he had talked with Mr. MacGregor who told him that he appreciated our concern, <br />but that since other parts of the bill were good, he had voted for it. Mr. Spring - <br />sted mentioned how the interest would go on the bonds even if the U.S. Government <br />were to undertake some financing. <br />Mr. Springsted elaborated on four methods of selling bonds: election with general <br />obligation bonds, common improvement code, general revenue without an election for <br />special assessment, the Rosenmeier law. These would all take about 2 -3 months <br />and hearings are necessary if assessments will be made. Mr. Springsted stated that <br />generally a temporary 3 -year bond is taken out, the principal including enough to <br />pay the interest for that time, so that the Village has time to see the growth <br />and development pattern. Then the bonds are refinanced by definitive bonds for <br />30 years. Any difference is made up by taxes. He would not suggest revenue bonds. <br />Mr. Harold Hansen stated that he would like to see the Village give the developer <br />encouragement, but that we shouldn't finance him, as he has a land - locked parcel <br />and the cost would hurt all of us, since the Village is not large enough to finance <br />such an amount. <br />Mr. Husnik asked how the $200 per hookup would work in trailer parks. ltr. Cook <br />stated that the number of hookups would be determined by the Board, depending on <br />the amount of sewage received. This would be similar to the formula for apartments. <br />Mr. Gotwald stated that in Ramsey County they charge $100 per trailer; figuring <br />6 trailers to the acre this comes out the same as 3 homes per acre. Extra charges <br />are made for utility buildings, etc. Ramsey County also charges $100 pa apartment. <br />After discussion, Mr. Bohjanen moved to authorize the Engineer and Fiscal Agent <br />as well as the Attorney to meet with representatives of the Metro Council at <br />2 p.m. the following day. Seconded by Mr. Rosengren. Carried. Mr. Burman was <br />asked if he would attend, but stated that his day was full. He stated that if the <br />counties had become involved in sewers earlier, then there would have been no <br />need for the Metro Council Sewer Board; but since it is with us, it will have to <br />be looked into further. <br />Mr. Springsted then discussed the water system prospects. He thought this was a <br />brighter picture, and more feasible. He recommended that the cost of the well, <br />pump, tank, either be borne by the developer with Village installation and charge - <br />back, or that the developer put in the whole system and turn it over to the <br />Village. He felt that the cost of the water system was a proper cost of the home <br />and should be borne by the financing of the home, <br />