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Mounds View City Council Page Six <br /> Regular Meeting November 8, 093 <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.- Itwasalso- projected that the golf course would <br /> bringin 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 /> VOTE: 5 ayes 0 nays Motion Carried <br /> D. Consideration of Recommendation of Award of Architect for Golf <br /> Course Pro Shop and Maintenance Building <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 /> E. Introduction and Consideration of Ordinance No. 531 Amending <br /> Chapter 70 "Municipal Water System" of the Mounds View Municipal <br /> Code <br /> Paul Harrington, City Planner reviewed Staff Report No. 93-685C <br /> s a ing a e o•e + • - - • •_ - <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 />