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Mounds View City Council March 27, 2000 Regular Meeting Page 8 There was no public input. Mayor Coughlin closed the Public Hearing at 7:40 p.m. . MOTION/SECOND: Marty/Stigney. To Waive the Reading and Approve the Second Reading and Adoption of Ordinance 655, an Ordinance Rezoning Bridges Golf Course Parcels from CRP and I-1 to PF. ROLL CALL: Quick, Stigney, Marty, Coughlin Ayes – 4 Nays – 0 Motion carried. B. Public Hearing for the Second Reading and Adoption of Ordinance 657, an Ordinance Amending Title 1100 by Adding a New Chapter 1126 pertaining to Interim Uses. Mayor Coughlin opened the Public Hearing at 7:41 p.m. Community Development Director Jopke stated this item is the second reading of Ordinance 657, which adds a new Chapter to the City’s ordinances to allow and set up the authority for the City to grant interim use permits, pursuant to the authority granted to cities by State Statutes. Community Development Director Jopke indicated first reading of this ordinance was given on February 28, and it is before the Council at this time for second reading and approval. He advised that the language has been changed slightly since first reading, to clarify the requirements that the Council would grant interim use permits by ordinance, and could, by either ordinance or permit, attach conditions to that approval. Community Development Director Jopke stated staff recommends the Council conduct the public hearing, and adopt Ordinance 657. David Jahnke, 8428 Eastwood Road stated this was to help the golf course pay for the “bail out,” which in his understanding, is an amount of $200,000 that was going to be borrowed. Mayor Coughlin indicated that if the agreement pertaining to this project were to fall through, for example, if Eller Media is unable to obtain the State permits, the City would again be facing debt at the golf course. He explained that if this were to occur, the City would have to step in, and ensure that the bonds are paid. Mr. Jahnke stated he desired to make the point that the golf course financial situation is not good, in that it is making money, however, due to the set up of the original financing, it has become overextended. He stated that this would assist with that situation, and hopefully, up to a particular year. He added that in his understanding, if this proposal proceeds as planned, the financial situation at the golf course could be resolved in approximately 15 years, and the City would not need to put any more money toward it.