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Mounds View City Council November 10, 2014 Regular Meeting Page 3 of the revenue obligation and related documents. He reported the City would be under no 1 obligation for these bonds and would be paid a management fee. 2 3 Mayor Flaherty requested comment on the City’s limit to provide conduit bonds. Jenny Boulton, 4 Kennedy & Graven, explained the City could issue $10 million each calendar year in conduit 5 bonds. 6 7 Mayor Flaherty requested further information on the proposed renovation project. Mike Shasky, 8 Catholic Eldercare, indicated the current facility has 125 beds. He stated 24 beds would be added 9 on and a short-term stay unit would be created. This would be a new service to meet the needs of 10 the community. 11 12 Council Member Mueller questioned the location of the eldercare facility. Mike Shasky 13 indicated the address was 817 Main Street NE in Minneapolis. 14 15 MOTION/SECOND: Meehlhause/Mueller. To Waive the Reading and Adopt Resolution 8322, 16 Authorizing the Issuance, Sale and Delivery of a Revenue Obligation for the Benefit of Catholic 17 Eldercare; Authorizing the Execution and Delivery of the Revenue Obligation and Related 18 Documents; and Taking Other Actions Related Thereto. 19 20 Council Member Meehlhause was pleased that the City could offer its bonding authority to local 21 non-profits. 22 23 Ayes – 5 Nays – 0 Motion carried. 24 25 A. 7:00 p.m. Public Hearing, Second Reading and Adoption of Ordinance 894 a 26 Cable Television Franchise Ordinance Amendment. 27 28 Finance Director Beer stated that the Cable Commission has agreed to a two-year extension of 29 the current franchise. This extension was mutually agreed upon due to the fact the merger of 30 Comcast and Time Warner was taking longer than was anticipated. He explained that all metro 31 area customers would be spun off to GreatLand Communications. Staff recommended the 32 Council adopt an Ordinance approving the Cable Television Franchise Amendment. 33 34 Mayor Flaherty opened the public hearing at 7:43 p.m. 35 36 Hearing no public input, Mayor Flaherty closed the public hearing at 7:43 p.m. 37 38 Council Member Gunn requested further information on MidWest Communication. Finance 39 Director Beer explained that Comcast has proposed several cable companies to take over the 40 metro area customers. He reported that GreatLand Communications was the company that was 41 settled on. 42 43 Council Member Mueller understood that the Council had to extend the cable television 44 franchise and then approve of the transfer of control. Finance Director Beer stated this was the 45