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• <br /> • <br /> SOBERT J.CHRI STI AN SON THOMAS L F A E G R E Se BENSON J.B.FAEG RE(RET,RE.) <br /> GEORGE D.MCCLINTOCK JOSEPH M <br /> PRICE <br /> EVERETT A DRAKE W,SMITH SHARPE,JR. JOHN C.BENSON <br /> DONALD L ROBERTSON PHILIP S.GABON <br /> L CHRISTOPHER.ON <br /> ROWRIGHTEL BROOKS WALTER <br /> F.BEU KEMA 1300 NORTHWESTERN BANK BUILDING JOHN B.FAEGRE,J R. <br /> GORGE L.HARD BYE E J DUFHENS <br /> GEORGE E.NABBING JAMES P.ST EPH ENSON COUNSEL <br /> JOHN S.HOLTEN JAREID CARBON <br /> R,A.O CUNNINGHAMEA.DAVJOHN ID KELLY <br /> R.W.o ITCH JOHN K.STEFFEN MINNEAPOLIS, MINNESOTA 55402 <br /> RWIN M TCH GO LDSTEN CHARLES E.BOHLEN,JR. <br /> • MESA JOHN B.GORDON <br /> G ERALD T HAL <br /> HOMAS M MAYSRLE <br /> CHARLES LF HORN THOMAS G.MORGAN 612/ 371-5300 <br /> JACK D.GAGE JOHN D.SHIVELY <br /> • TER W NSON EDWARD G.HEILMAN <br /> JAMES FIT.MAURICE JOHN H iINDERAKER <br /> GORDON G.BSDICKER ROBERT L.SCHN EL L.JR. <br /> JOHN D.FRENCH RICHARD A.NELSON <br /> RONALD B,HEMSTAD BRIAN B.O'NEILL <br /> NORMAN R.CARPENTER WILLIAM R.BUSCH,JR, <br /> LAWRENCE C.BROWN BONNIE M.FLEMING <br /> MARTIN N.BURKE HENRY F.FRISCH <br /> OIKRIS LOREN F.HART <br /> • UL TE BIRKELAND RANDY L.MILLER <br /> DAVID M.BEADIE WINTHROP A.ROCKWELL <br /> RICHARD C.=CH MOKER PATRICK B.BAUER <br /> THOMAS M.CROSBY,JR. JACK M.TREBLED <br /> JAMES T.HALE JOHN S.JAGIELA <br /> LUDWIGNER,JR. DAVID B.DEAN October 31, .1979 <br /> JAMES B.LOKKEEN JOHN P.BORN ER <br /> ARTHUR L.DOTEN HEIDI M,HOARD <br /> DUANE W KROHNKE DAVID P PEARSON <br /> GEORGE W.FLYNN JAMES G.RAY <br /> • MES A.DUEHOLM RICHARD A.HELDE <br /> HUBERT V FORCIER MARGARET S.ANGLE <br /> JAMES M.SAMPLES STEVEN R ANDERSON <br /> DALE E BEIHOFFER JAY D.CHRISTIANSEN <br /> PETER R TCHAK CHARLES S.FERRELL <br /> GALE R.MELLUM DAVID B MILLER <br /> BRUCE F.BURTON MARK F. ENGEBRETSON <br /> JERRY W.SNIDER JAMES A O'NEAL <br /> HENDRIK DE JONG RICHARD T. THOMSON <br /> STEPHEN ROSHOLT <br /> FRANK B.BUTLER <br /> G ORDON B.CON N,JR. <br /> BRUCE A.ACKERMAN <br /> MICHAEL H.HARPER,JR. <br /> Mr. Duane McCarty, Mayor <br /> Members of the City Council <br /> City of Mounds View <br /> City Hall <br /> 2401 Highway 10 <br /> St. Paul, MN 55112 <br /> Re: Proposed Home Rule Charter <br /> Dear Sirs: <br /> At your request we have examined the copy of the <br /> proposed Home Rule Charter, dated October 11, 1979, to <br /> consider the effect which the Charter, if adopted, would <br /> have on future bond financing by the City. <br /> In general, the Charter provides more complex <br /> procedures than the procedures provided by Minnesota law for <br /> statutory cities. This will inevitably cause some increase <br /> in the time and effort and therefore the expense involved in <br /> following and establishing compliance with the procedures to <br /> the satisfaction of bond counsel. In addition, until Minnesota <br /> municipal bond dealers become familiar with the City' s new <br /> procedures, some educational effort will be required to <br /> fully explain these procedures to the satisfaction of bond <br /> dealers so that they will not hesitate to bid on the City' s <br /> bonds under the new Charter. <br /> However, subject to certain specific problems <br /> mentioned below, we think in most instances the City will be <br /> able to obtain financing and sell its bonds on the market <br /> and the City' s bond counsel will be able to provide the <br /> necessary approving legal opinion under the procedures of <br /> the new Charter if it is approved by the voters. In particular, <br /> the procedures required for public improvements and special <br />