Agenda Packets - 2000/04/10 - Laserfiche WebLink

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Mounds View City Council March 27, 2000 Regular Meeting Page 9 it was determined that the City desired to put time limits on these types of approvals, and in order to accomplish this, it must be done by interim use permit, rather than conditional use permit. Community Development Director Jopke advised that Ordinance 656 makes clarifications to the City ordinances to indicate that an interim use permit must be obtained. He indicated the procedures for granting an interim use permit would be the same as those utilized for granting a conditional use permit, and indicates that the billboard approvals will expire on July 1, 2015. He explained that this date has been extended from the original January 1, 2015 date, to allow this use for a full 15 years. Community Development Director Jopke stated staff recommends the Council conduct the public hearing and adopt Ordinance 656. There was no public input. Mayor Coughlin closed the Public Hearing at 7:47 p.m. MOTION/SECOND: Quick/Stigney. To Waive the Reading and Approve the Second Reading and Adoption of Ordinance 656, an Ordinance Amending Section 1008.08 of the Mounds View Municipal Code Pertaining to Billboards. Council Member Stigney stated with regard to Mr. Jahnke’s comment, it was his understanding that the $200,000 loan to the golf course was just one loan, and another was scheduled for two years in the future. He stated he did not believe either of these loans, or the billboards alone, would pay off all of the bonding on the golf course, but would only assist in that effort. Council Member Marty advised that the golf course would probably require a loan, however, if the billboards proceed as planned, not might not only be unnecessary for the City to loan the golf course the pre-approved amount, but also to make any more fund transfers or loans at all. Mayor Coughlin stated this discussion could probably be answered with Item 10D, pertaining to the lease agreement with Eller Media, as some of the dollar amounts would come forward during that discussion. He stated no actions have been taken with regard to any loans for the golf course, in lieu of the billboard discussions. City Administrator Whiting stated the cash flow projections over the life of the bonds, which are set to expire in 2015, indicate that there would be two years during that time where the cash flow at the golf course would not be sufficient to pay off that year’s bond payment. He stated there has been discussion of two loans from other City funds, to be paid back with full interest so as not to affect any General Fund position the City encounters. He stated the first one of these loans was to occur at some point this year, and the second, in 2004. He stated pursuant to the discussion, given the life of the bonds, and given that they would expire at some point, those loans would be paid back in full to the City funds in due course, as a normal component of the golf course operation. He pointed out that if an extension was required a year or two beyond the term of the bonds, that would be relatively easy to do. City Administrator Whiting stated the billboard agreement will likely make both of those loans immaterial, in that the cash flow should improve significantly. He explained there should come a point in time when not only would the bonds be paid off in full, but the operations at the golf