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Mounds View City Council January 23, 1984 <br />Regular Meeting Page Two <br />Councilmember Doty stated that, under Section <br />27.05, Amendment or Repeal, he would like to have <br />the money go back into the bond redemption fund, <br />rather than the general fund, unless there is a <br />specific purpose of use designated in the general fund. <br />Mayor McCarty questioned if the fund is not <br />eliminated, with the improvement bonds that are <br />being defeased. Attorney Meyers replied that a <br />new fund is established to pay off the bonds, and <br />the way the ordinance is written, if it was <br />repealed, they would be putting the money back into <br />the bond fund. He recommended the language be <br />changed to read "shall be deposited in such fund <br />as the City Council directs <br />Clerk /Administrator Pauley advised that Staff <br />proposed the general fund, as some of the money <br />came from the 5% that was levied on the taxes, <br />and the general fund is supported by the taxes. <br />Councilmember Hankner pointed out the present <br />Council has set up the concept in the ordinance, <br />and she feels the money should go back into the <br />general fund. She added that a 4/5 vote would <br />be required for future Council's to change the <br />ordinance. <br />There was considerable discussion among the <br />Council, with it being agreed to go ahead with <br />the first reading, and discuss further at the <br />next agenda session, before the second reading. <br />Motion /Second: McCarty Hankner to approve the <br />first reading of Ordinance No. 356, establishing <br />Chapter 27 of the Municipal Code entitled, <br />"Special Projects Fund and waive the reading. <br />4 ayes 1 nay <br />Councilmember Doty voted against the motion. <br />Mayor McCarty closed the regular meeting and opened <br />the public hearing at 7:50 PM. <br />There were no comments from the audience. Mayor <br />McCarty closed the public hearing and reopened the <br />regular meeting at 7:50 PM. <br />Motion /Second: <br />of Ordinance No <br />Mounds View by <br />Rezonings and <br />5 ayes 0 nays <br />7. 1st Reading of <br />Ord. No. 356 <br />Motion Carried <br />8. Public Hearing <br />Rezone 2651 Cnty. <br />Road I from I -1 <br />to B -3 <br />Doty /Linke to have the first reading 9. 1st Reading of <br />354, amending the Municipal Code of Ord. No. 354 <br />amending Chapter 41 entitled "Specific <br />waive the reading. <br />Motion Carried <br />