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Mounds View City Council Page Six <br />Regular Meeting November 8, '93 <br />Orduno reported that Resolution No. 4447 provides the legal <br />mechanism by which the City may reimburse TIF District No. 2 fund <br />from the proceeds of the Revenue Bonds for the purchase of Lot 16, <br />Block 2, Northstar Industrial Park. <br />Orduno asked that a caveat be added to the Resolution stating that <br />prorated taxes from 1993 be funded from the golf course development <br />fund, 698-4121-303. Orduno stated that staff would be bringing the <br />final resolution to proceed with the bond issue to the next meeting. <br />The Marketing Analysis people projected that the course revenue will <br />be over the expenditures by the end of the third year of operation <br />of the course. It was also projected that the golf course would <br />bring in an average net income of $126,000 per year over a 20 year <br />period. <br />MOTION/SECOND: Wuori/Blanchard to Waive the Reading and Approved <br />Resolution No. 4447 Establishing Procedures Relating to Compliance <br />with Reimbursement Bond Regulations Under the Internal Revenue Code <br />Ell <br />E. <br />VOTE: 5 ayes 0 nays Motion Carried <br />This item was removed from the agenda and postponed to the Novem <br />22, 1993 Council Meeting. Samantha Orduno, City Administrator, <br />explained that the Golf Course Task Force had interviewed three <br />architectural firms and is still in the process of negotiating with <br />two of those firms to receive the best possible price. Mary <br />Saarion, Director of Parks, Recreation and Forestry will have the <br />request for the award of the bid at the next Council Meeting. <br />Paul Harrington, City Planner reviewed Staff Report No. 93-685C <br />stating that the Code 70 of the existing Municipal Code requires <br />that properties which do utilize on -site wells submit certified test <br />results to the City twice per year. The Ramsey County Department of <br />Health and the Minnesota Department of Public Health feel that the <br />testing once per year is adequate to monitor the water quality of <br />wells. <br />MOTION/SECOND: Quick/Trude to Waive the Reading and Formally <br />Introduce Ordinance No. 531 Amending Chapter 70 of the Mounds View <br />Municipal Code <br />VOTE: 5 ayes 0 nays Motion Carried <br />