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CITY COUNCIL MEETING, NOVEMBER 3, 1981 -3- 15. ADMINISTRATOR'S REPORT: B. 1006-7 - Whittaker reported on the joint meeting with the Board of Managers and the 1006 Petitioners. He suggested the City determine what its needs are, .the constraints the City would require on a petition and bring this to the Water- shed District. The Council agreed a meeting with the VBWD listing the parameters of the City would be the most effective means of working towards resolution of the problem. The City Engineer will.also_-attend the meeting (s). -Morgan -key factor is the sizing of the project. Work back- wards know how much excess water there is in Lake Elmo and Tartan Park - can caluclate the number of acre feet then size the project to handle that rather than to handle the ..,deluge that is predicted, -Whittaker - figure out how long going toa,have a problem -have rainfall accumulation curves that indicate how long various problems will exist, and design a project that solves the problem for this duration.Design a project to handle what we know is going to be the problem for the period that we are planning in (now until 1990). -Morgan - explain what we want to the City Engineer, have, him attend the VB meetings and keep a lid on the Watershed's engineering staff. The City will attend the next Valley Branch meeting, gather whatever information is available and establish our position for future proposals to Valley Branch. 8. HEARING - IRB FOR CONN-CO SHOES TO BUY AND CONVERT CROSSROADS FORD BUILDING FOR THEIR USE: Mayor Eder opened the hearing at 8 p.m, Conn -Co Shoes, Inc. is applying for Industrial Revenue Bond financing to buy and convert Crossroads Ford premise for use as a retail store, central warehouse, and corporate offices. Paul Bozonie;i representing Crossroads Ford; .Richard Palimeter, Rothchild Financial Corp.;and David Johnson, President Conn -Co, answered questions of the Council. --Palimeter - the final bond _issue' will be'about. 1,2 million dollars. Preliminary approval is requested for 2.2 million dollars, per their application. --Johnson - work will commence immediately on the minor modifications necessary to open the retail operation. warehouse and Office work should be completed in early 182. --Bozonie - the taxes of Crossroads Ford are presently $48,186 There was no additional audience comments, Mayor Eder closed the hearing at 8:13 p.m. M/S/P Morgan/Mottaz to a adopt R-81-68, A Resolution giving preliminary approval to a proposed Industrial Development Project by Conn -Co Shoes, Inc, under the Municipal Industrial Development Act and authorizing submission of an application to the Commissioner of Securities for approval thereof. 9. ORDINANCE REZONING CROSSROADS FORD PREMISES FROM HB TO GB: The Council .reviewed the Planning Commission recommendation to approve the rezening-of,the Crossroads Ford property (10A) and building to G:aneral Business. M/S/P Morgan/Mottaz to adopt Ordinance 7931, An Ordinance amending the zoning Ordinance to rezone Crossroads Ford property (10A)_ and building to General Business..