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MOUNDS VIEW CITY COUNCIL Regular Meeting <br />Page 5 June 9, 1980 <br />Attorney Meyers also notified Council of a meeting <br />scheduled for June 17, 1980, at 7:00 P.M. with Spring <br />Lake Park Firemen's Relief Association (and New Brighton <br />also). Council indicated they would like to have the <br />actuarial study to review before that meeting. <br />(The long term financial meeting previously <br />scheduled for June 17th was re- scheduled to <br />meet on June 19th). <br />Administrator Anderson reminded Council of several <br />upcoming meetings. He distributed additional <br />resumes (two) for the clerk- administrator position. <br />No further resumes will be accepted per the <br />Council's agreement. <br />Rowley: No report <br />Forslund: <br />- The Planning Commission would like the Council's <br />comments on the goals and policies by June 16th. <br />- In order to clarify her position on the Tax Exempt <br />Mortgage and Industrial Revenue Bonding, she stated <br />the following: <br />I intend to make it clear that I am well aware of <br />the Tax Revenue advantages that orderly development <br />in our commercial and industrial lands provide. <br />Contrary to the report, as given in the New Brighton <br />Bulletin on June 5th, the point I made at our last <br />regular meeting was ...considering our close proxi- <br />mity to the metro business area, I have reservations <br />about how much we should risk while attracting Com- <br />mercial and Industrial facilities to the City through <br />Tax Exempt Mortgage and Industrial Revenue Bonding. <br />Our industrial development can proceed through means <br />other than Tax Exempt Mortgages. Competing with our <br />cities in this area is not necessarily the most desir- <br />able way available to us at this time. This is especi- <br />ally true due to our lack of set guidelines to Tax <br />Exempt Mortgages or Industrial Revenue Bonds. <br />The guidelines we need, before we approve TEM's, are <br />such as those presently used in West St. Paul and pre- <br />sented to on March 3rd by Staff. Guidelines that pro- <br />vide a sound basis to determine the probability of a <br />business failure or bond default, thereby reflecting on <br />our own "credit reputation ". <br />11. REPORT FROM ACTING <br />CLERK - ADMINISTRATOR <br />12. REPORT OF THE <br />COUNCILPERSONS <br />