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Mounds View City Council Pag i <br /> Regular Meeting November 22, 93 <br /> Samantha Orduno, City Administrator, and Jerry Linke, Mayor <br /> respectively shared in the reading of Resolution No. 4451 Approving <br /> the Commitment by the City of Mounds View to Proceed with the <br /> Construction and Operation of a Municipal Nine Hole Golf Course and <br /> Practice Range. <br /> MOTION/SECOND: Linke/Wuori to Adopt Resolution No. ' 4451 Approving <br /> the Commitment by the City of Mounds View to Proceed with the <br /> Construction and Operation of a Municipal Nine Hole Golf Course <br /> and Practice Range <br /> VOTE: 5 ayes 0 .nays Motion Carried <br /> Orduno commented that the process was a very slow process because of <br /> extended research on the project. Each item was dealt with <br /> thoroughly. The golf course was a very thought out process which <br /> had first begun in July of 1991. <br /> B. Consideration of Resolution No. 4452 Providing for the Issuance and <br /> Sale of the City' s $3 , 090, 000 Gross Revenue Golf Course Bonds , <br /> Series 1994A <br /> Staff asked that the Council postpone action on this resolution , <br /> December 13 , 1993 . <br /> C. Consideration of Resolution No. 4453 Authorizing an Inter-Fund Loan <br /> Samantha Orduno, City Administrator, explained that an enterprise <br /> fund for $250, 000 would be needed to cover the first year of <br /> operation of the golf course. Resolution No. 4453 authorizes an <br /> interfund loan in the amount of $250, 000 from the Water Fund to the <br /> Golf Course Fund. The resolution further explains that the loan <br /> would be repaid over a period not to exceed twenty years and will be <br /> -repaid with aninterestrate of- 6 1/2 percent per annum. _ The <br /> principal and interest payments of the loan would be payable each <br /> November 15 over the term of the loan. <br /> MOTION/SECOND: Wuori/Quick to Adopt Resolution No. 4453 Authorizing <br /> an Interfund Loan with an Amendment to Item 3) Changing the Interest <br /> Rate from 7% to 6 1/2% <br /> VOTE: 5 ayes 0 nays Motion Carried <br /> D. Consideration of the Bid Award for the Architectural Services for <br /> the Golf Course Pro Shop and Maintenance Building <br /> Mary Saarion, Director of Parks, Recreation and Forestry, reported <br /> that the Golf Course Task Force interviewed six firms and reque <br /> RFP' s from three plus three other firms for architectural servicr. . <br /> The Task Force recommended the firm of Runyan and Vogel Group, Inc. <br />