02-12-2001 CC - Laserfiche WebLink

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Mounds View City Council February 12, 2001 Regular Meeting Page 9 None. 9. RESIDENTS REQUESTS AND COMMENTS FROM THE FLOOR Mr. Werner of 2765 Sherwood Road noted at the last work session Springstead presented a feasibility study on the golf course. The financial guru explained the study outlined four types of bonding up to $4.5 million dollars. One of the bonding methods which seemed most advantageous to the City seemed to be the one which required a referendum by the people. Mr. Werner stated he was wondering what the City Council view is on the subject of getting the best rate in spite of having to get the people to approve it. Mayor Sonterre explained at this point in time he does not have enough comprehension of the study and is not ready to respond to a question of that nature. Council Member Thomas clarified that not all of the funding options were bonding options. There are other options that did not involve borrowing money to fund the golf course expansion. Council Member Marty reported Mr. Hammerschmidt had ordered ten (10) copies of the Springstead report if Mr. Werner or other residents are interested in reading the report they can contact Mr. Hammerschmidt. Mr. Werner stated the financial guru had also mentioned the City may be getting close to its bonding limit. He then asked if that were the case. Council Member Marty stated he was sitting between Mr. Hammerschmidt and Mr. Kessel at the meeting and can confirm that the statement of the financial representative concerning the bonding limit was in error. Council Member Marty recommended Mr. Werner contact Mr. Kessel for further information. Council Member Stigney stated he had spoken to Mr. Hammerschmidt and asked him about taking the issue to a referendum and Mr. Hammerschmidt was in favor of doing so. Mr. Werner asked whether TIF funds would be involved with this golf course expansion. Council indicated there would not be TIF funds involved with this golf course issue. David Jahnke of 8428 Eastwood Road stated he had attended the golf course meeting and wanted to summarize what he said at the meeting. He indicated he feels that anything having to do with the golf course should be decided by resident comment on whether or not they want it. In the past the City went about the whole thing wrong and got into financial trouble because of it. Even if the study says it may be feasible to build it he has a problem with the City funding a business venture. He thinks the City should get out of the one it currently has and pay it off before looking to the future to see if the City should be in business for a golf course. Mr. Jahnke stated