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<br />Item No: 07O <br />Meeting Date: December 11, 2006 <br />Type of Business: 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: First Reading of Ordinance 782, an Ordinance Amending Section <br />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. The intent of the Charter Commission with this amendment is to clarify language in the <br />City Charter relating to City Indebtedness. Both the Charter Commission and the City Attorney <br />have reviewed the language and request the amendment be approved by Ordinance. <br /> <br />Consistent with state law, the ordinance would go into effect 90 days after unanimously being <br />adopted by the City Council. The ordinance requires a public hearing, which will be scheduled <br />for Monday, April 24, 2006 at 7:05pm. <br /> <br /> <br />Recommendation: <br /> <br />Staff recommends the City Council introduce and accept the first reading of Ordinance 782. The <br />Second Reading will go before the City Council by Public Hearing on January 8, 2007, at 7:10pm. <br /> <br />Respectfully submitted, <br />Desaree Crane