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Mounds View City Council November 10, 2014 <br />Regular Meeting Page 3 <br /> <br />of the revenue obligation and related documents. He reported the City would be under no <br />obligation for these bonds and would be paid a management fee. <br /> <br />Mayor Flaherty requested comment on the City’s limit to provide conduit bonds. Jenny Boulton, <br />Kennedy & Graven, explained the City could issue $10 million each calendar year in conduit <br />bonds. <br /> <br />Mayor Flaherty requested further information on the proposed renovation project. Mike Shasky, <br />Catholic Eldercare, indicated the current facility has 125 beds. He stated 24 beds would be added <br />on and a short-term stay unit would be created. This would be a new service to meet the needs of <br />the community. <br /> <br />Council Member Mueller questioned the location of the eldercare facility. Mike Shasky <br />indicated the address was 817 Main Street NE in Minneapolis. <br /> <br />MOTION/SECOND: Meehlhause/Mueller. To Waive the Reading and Adopt Resolution 8322, <br />Authorizing the Issuance, Sale and Delivery of a Revenue Obligation for the Benefit of Catholic <br />Eldercare; Authorizing the Execution and Delivery of the Revenue Obligation and Related <br />Documents; and Taking Other Actions Related Thereto. <br /> <br />Council Member Meehlhause was pleased that the City could offer its bonding authority to local <br />non-profits. <br /> <br /> Ayes – 5 Nays – 0 Motion carried. <br /> <br />A. 7:00 p.m. Public Hearing, Second Reading and Adoption of Ordinance 894 a <br />Cable Television Franchise Ordinance Amendment. <br /> <br />Finance Director Beer stated that the Cable Commission has agreed to a two-year extension of <br />the current franchise. This extension was mutually agreed upon due to the fact the merger of <br />Comcast and Time Warner was taking longer than was anticipated. He explained that all metro <br />area customers would be spun off to GreatLand Communications. Staff recommended the <br />Council adopt an Ordinance approving the Cable Television Franchise Amendment. <br /> <br />Mayor Flaherty opened the public hearing at 7:43 p.m. <br /> <br />Hearing no public input, Mayor Flaherty closed the public hearing at 7:43 p.m. <br /> <br />Council Member Gunn requested further information on MidWest Communication. Finance <br />Director Beer explained that Comcast has proposed several cable companies to take over the <br />metro area customers. He reported that GreatLand Communications was the company that was <br />settled on. <br /> <br />Council Member Mueller understood that the Council had to extend the cable television <br />franchise and then approve of the transfer of control. Finance Director Beer stated this was the