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Mounds View City Council <br />Regular Meeting <br />September 25, 1989 <br />Page Four <br />. Ron Langness, of Springsted Financial Advisors, report- 11. Presentation <br />ed bids had been opened earlier in the day for the of Bids for <br />Mounds View Business Park tax increment bond sale, and Mounds View <br />they are very pleased with the results. Interest Business Par <br />rates are close to projections, with five bids re- Tax Incremen <br />ceived, and interest at 9.21. Bond Sale <br />Attorney Karney reported he had received the documen- <br />tation and reviewed it. <br />k <br />t <br />Motion/Second: Quick/Blanchard to approve Resolution <br />No. 2540, authorizing and awarding the sale of, and <br />providing the forms. terms, covenants and directions <br />for $I, 490. 000 taxable general obligation tax incre- <br />ment bonds, Series 1989C, to First Bank National <br />Association, and pledging for the security thereof <br />tax increment from Tax Increment Financing District <br />No. 1, and waive the reading. <br />5 ayes 0 nays Motion Carried <br />Motion/Second: Paone/Wuori to approve Resolution <br />No. 2541, authorizing the sale of, and providing <br />the forms, terms, covenants and directions for <br />$930,000 general obligation tax increment bonds. <br />Series 1989B, to Norwest Investment Services, and <br />. pledging for the security thereof tax increment <br />from Tax Increment Financing District No. 1, and <br />waive the reading. <br />5 ayes O nays Motion Carried <br />Motion/Second: Paone/Hankner to approve Resolu- 12. Consideration <br />tion No. 2535, approving a conditional use permit of Resolution <br />and development site plans for the Ramsey County No. 2535 <br />library located at 2575 Mounds View Drive, <br />Planning Case No. 277-89, and waive the reading. <br />5 ayes O nays Motion Carried <br />Motion/Second: Quick/Wuori to approve Resolution 13. Consideration <br />No. 2538. approving a wetland alteration permit of Resolution <br />for Super America to perform work in a wetland No. 2538 <br />buffer area at 7295 Silver Lake Road, Planning <br />Case No. 279-89, and waive the reading. <br />5 ayes 0 nays Motion Carried <br />• <br />