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<br />Item No: 07B <br />Meeting Date: January 8, 2007 <br />Type of Business: PH/CB <br />City Administrator Review: _______ <br /> <br />City of Mounds View Staff Report <br /> <br />To: Honorable Mayor and City Council <br />From: Desaree M. Crane, Assistant to the City Administrator <br /> <br />Item Title/Subject: Second Reading of Ordinance 782, an Ordinance Amending <br />Section 7.10 of the Mounds View City Charter Referring to City <br />Indebtedness <br /> <br /> <br />Attached is Ordinance 782, an Ordinance Amending Section 7.10 of the Mounds View City <br />Charter. A first reading of this Ordinance was reviewed by the City Council at the December 11, <br />2006, City Council Meeting. The intent of the Charter Commission with this amendment is to <br />clarify language in the City Charter relating to City Indebtedness. Both the Charter Commission <br />and the City Attorney have reviewed the language and request the amendment be approved by <br />Ordinance. <br /> <br />Consistent with state law, the ordinance would go into effect 90 days after unanimously being <br />adopted by the City Council. <br /> <br /> <br />Recommendation: <br /> <br />Staff recommends the City Council open the Public Hearing for public comment, and adopt <br />Ordinance 782. <br /> <br />Respectfully submitted, <br />Desaree Crane