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<br />MOUNDS VIEW PLANNIN6 COMHISSION Regular Maeting <br />Page 3 Aprl) 2, I9B0 <br />~ .................•._-°_.-..-..-...-...._..._...._...-..-..^._---.-_-._...._... <br />ments. Both the parking area and proposed butid~ng <br />side maet tha mtnimum setback requlrements. The <br />financing hae been approved by tha City under the <br />Industria! Ravenue Bond end Tax Exempt Mortgage. <br />Glezer queetloned the tex exemp[ flnancfng indlcating <br />he undarstood the Commlssion was not to meke a Judg- <br />ment on tha dastrabllity or non^deslrability of the <br />ftnancirtg beh-nd thls proJect. Ro`e statdd tkat <br />tha Cammlss~on eouid moka a recamrendetion as to tha <br />Clty allnwtng tham to usa this type of flnanc(ng. <br />Chelrparson Mountin oskad if there were any further <br />camients from the audiance. Nilllam Ouckley, <br />a reprasnntatlve from Nolf b Assoclates~ Introduced <br />Lou DeNars, m rapresentatfve from Nlllar/Schroeder <br />and Tom Zumhwald~ arahltect, who were availeble <br />for eny questlons fran tha Commtsslon end audience. <br />There wera no quastions from tha audlence. <br />Goabel requeshad a definition on tha tax exempt <br />mortgage. lou DeMars(reprasentattve from M111er/ <br />Schroeder) statad .hat somaone who buys a 6ond is <br />Rxempt fran paying stata and fe.deral ineome tax <br />on tha'intapest. Thls adv~ntcge ts so the campany <br />can finnnee e proJect at a tow rata of interest, <br />Sklba-no quastion3. <br />Goebe;-~o qucsttons. <br /> <br />Glazer refarred to a statemant In tha booklet whtch ' <br />said ~4here was no anvtronmantul lmpact on thle <br />proJect." Ha esked for clariftcetion on tM s,since <br />vlrtualty enything one d~J had en environmental <br />impact of some sort. Mr. Duckley (No1f 6 ASaccietos) <br />expia{ned thet they had deslgned the system with ' <br />thotr engtneers, and thare wouid be no large machines~ <br />no snwka stacks, and no vreste praducts. <br />McCerthy questioned whare the dellvery areas would <br />be located. Mr. Duckley tndicated they would 6e <br />on the east and north sida. " <br />rlcCarthy ssks~± tf they hed obtelned a permanent <br />easemant. Mr. Duckley responded by stating tha <br />easement was to ba granted w(thin tha parking area, <br />, a typa of fnvlslble Ilne. <br />V <br />~ <br />!, <br />~' <br />,,- <br />F , <br />;~ <br />. , _.. ,. .,. , ;,... . .: __ _ . .. . ,,;.,. , .. ,,.«.::;~ , . <br />,~,, , , . - <br />