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1 <br />2 <br />3 <br />4 <br />5 <br />6 <br />7 <br />8 <br />9 <br />10 <br />11 <br />12 <br />13 <br />14 <br />15 <br />16 <br />17 <br />18 <br />19 <br />20 <br />21 <br />22 <br />23 <br />24 <br />25 <br />26 <br />27 <br />28 <br />29 <br />30 <br />31 <br />32 <br />33 <br />34 <br />35 <br />Mounds View City Council September 23, 2013 <br />Regular Meeting Page 4 <br />Sections 469.152 through 469.1655, as Amended; Authorizing the Publication <br />of a Notice of Public Hearing; and Establishing the Date for a Public <br />Hearing. <br />Finance Director Beer explained that conduit financing was being requested from the City of <br />Mounds View to assist Unity Hospital in Fridley, Minnesota, with a proposed expansion. He <br />requested the Council adopt a Resolution giving preliminary approval to the proposed issuance of <br />a Subordinate Healthcare Facilities Revenue Note under Minnesota Statutes, Section 469.152 <br />through 469.1655, authorizing the publication of a notice of public hearing and establishing a <br />date for a public hearing. <br />Council Member Meehlhause asked if the proposed bonds were similar to the financing approved <br />for Apple Tree Dental. Finance Director Beer stated the bonds were the same. <br />Council Member Mueller inquired if the requested amount would put the City over the conduit <br />financing limits. Jenny Boulton, Kennedy & Graven, commented the City was allowed to issue <br />$10 million in conduit financing on a yearly basis and the City would not reach this limit with the <br />Apple Tree Dental and Unity Hospital projects. <br />Council Member Gunn questioned if the City would bear any expense from the conduit <br />financing. Ms. Boulton explained the City would not responsible for the administration or debt <br />of the bonds. <br />Council Member Mueller was pleased that the City was able to assist non -profits through the <br />conduit financing. <br />MOTION/SECOND: Gunn/Mueller. To Waive the Reading and Adopt Resolution 8155, Giving <br />Preliminary Approval to the Proposed Issuance of a Subordinate Healthcare Facilities Revenue <br />Note Under Minnesota Statues, Sections 469.152 through 469.1655, as Amended; Authorizing <br />the Publication of a Notice of Public Hearing; and Establishing the Date for a Public Hearing. <br />Ayes — 5 Nays — 0 Motion carried. <br />B. Tires N' More, 2832 County Road 10, Condition Use Permit Review. <br />36 Planning Associate Heller explained this evening the Council would be continuing a <br />37 conversation regarding the conditional use permit for Tires N' More located at 2832 County <br />38 Road 10. She indicated the original conditional use permit was approved in August of 2012 with <br />39 conditions. One of these conditions required that the parking lot be repaved by September 1, <br />40 2013. There have been discussions between Tires N' More and CVS but an agreement has not <br />41 been reached as to how the parking lot should be repaved. <br />42 <br />43 Planning Associate Heller commented Tires N' More has since requested a variance to allow for <br />44 the parking lot to be completed. The goal would be to have this work finalized yet this fall, or <br />45 early next spring. She requested the Council discuss the matter and provide direction on how to <br />