Agenda Packets - 2004/10/25 - Laserfiche WebLink

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Mounds View City Council October 11, 2004 Regular Meeting Page 6 Mayor Linke asked whether a permit had been pulled. 1 2 Mr. Anderson stated that he was not certain whether there was a permit for any of this work yet, 3 and he didn’t believe there was anyone in attendance here tonight. 4 5 Mayor Linke asked what his recommendation would be as far as continuing with this process. 6 7 Mr. Anderson stated that he recommended authorizing the resolution, but that they would hold 8 off on having the attorneys start their process. 9 10 MOTION/SECOND. Marty/Gunn. To waive the reading and adopt Resolution 6366, Ordering 11 the Abatement of Hazardous Conditions Existing at 2617 Sherwood Road. 12 13 Ayes-4 Nays-0 Motion carried. 14 15 B. Resolution 6373 Authorizing a Transfer from the Community Fund to the 16 Golf Course Fund to Reimburse the Costs of the Lawsuits. 17 18 Finance Director Hanson stated that the Council would need to make a judgment call with the 19 information available as to what they feel the appropriate amount might be to reimburse the golf 20 course. He recommended that the money be taken from the Community Fund, which is also the 21 source of the internal loan to the golf course. He stated if the Council did not want to do that, 22 they could look at using the General Fund, although that would put it below its target for fund 23 balance. He stated there are currently discussions underway that could ultimately result in the 24 sale of the golf course, and they may want to wait in the event there is a sale and get 25 reimbursement essentially out of the sale proceeds. He stated that there may be await of six 26 months or longer for that event to occur. 27 28 Council Member Marty stated that it made sense to him and Council Member Stigney to hold off 29 on this to see what the final outcome was going to be, because there was no real hurry. He stated 30 if the golf course doesn’t sell, they could still do this. 31 32 Council Member Gunn stated that the tractor had been sold, and that money had gone into the 33 golf course fund. She stated if that was subtracted from the total, then it’s down to $265,746. 34 She asked what the benefit of doing this would be. 35 36 City Clerk/Administrator Ulrich stated that one of the benefits would be it lowered the total debt 37 of the golf course, and in terms of cash flow it would help the golf course appear to be in a better 38 financial position if these costs were taken off of its total debt. He stated if the Council was of 39 the opinion that the General Fund should have picked this up in the first place, then they don’t 40 belong in the long term debt. 41 42 Mayor Linke stated that the sale of the golf course is going to have a set dollar amount, and that 43 this would not change that dollar amount. He stated that the City would get the dollars, no matter 44 what. He stated he was a firm believer that this money should not have been paid by the golf 45