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ROBERT J.CHRISTIANSON HOMAS _ MER F A E G R E a. BENSON J.D.FAC O RtIRCTIRlOI <br /> GEORGE 0.MCCLINTO CK JOSEPH `^•RIRICC <br /> EVERETT A.ORAIRC W.3MIT4 SHARP LIAR. JOHN C.SENSOR <br /> DONALD L.ROBERTSON PIN.Li.S.CARON PAUL CHRISTOPHERSON <br /> WRIGHT W.SPOOKS JOHN F.DCUKEMA 1300 NORTHWESTERN BANK BUILDING JOHN D.PAEGRE.JP. <br /> RODGER L.NORO DTC ALTER J.OUPFY,JR. COU..f CL <br /> GEORGE C. G JAMES P.STEPHENSON <br /> JOHN S.MOLTEN P.REID CARRON <br /> O.ALAN CUNNINGHAM A.DAVIO nCLLY <br /> • N.OCLKC JOHN K.STEFIEN MINNEAPOLIS. MINNESOTA 55402 <br /> ERWIN MITCH GOLDSTEIN CHARLES E.MOLTEN.JR. <br /> JAMES A.MALLS JOHN S.GORDON <br /> ^ <br /> GERALD T.FLOM THOMAS CRLC - <br /> CHARLES L.HORN THOMAS G.MORGAN 612/371-5300 <br /> JACK D.GAGE JOHN O.0HIVLLY <br /> PETER W.ANSON EDWARD G.HEILMAN <br /> J AMES FIT.MAURICE JOHN N AKCR <br /> GORDON G.DUSOICRER RODCRT L..SCHNL.JR. <br /> J OHN O.FRENCH RICHARD A.NELSON <br /> RONALD B.MCMSTAO BRIAN D.O'NEILL <br /> NORMAN R.CARPENTER WILLIAM R.DUSCH.JR. <br /> LAWRENCE C.DROWN BONNIE M.FLEMING <br /> ARTIN N.PURSE HENRY P.FRISCH <br /> JOHN C.HARRIS LOREN P.HART <br /> PAUL T. SIRKELAND RANDY L.MILLER <br /> DAVID M.SEAODCAOIC WINTHROP A.ROCKWELL <br /> RICHARD C.SCHMOKCK D.DAULR <br /> THOMAS M.CROSBY.JR.. PATRICK <br /> JACK M./RISLEY <br /> JAMES T.HALEJOHN S.JAGIELA <br /> LUDWIG NCR.JR, DAVID BN <br /> M .DEAOctober 31. 1979 <br /> JAMES D.LOLOKEN DARN .DOACR <br /> ARTHUR L.00TCN HCI01 M.HOARD <br /> DUANE W.KROHNKC DAVID P.PEARSON <br /> GEORGE W.FLYNN JAMES G.RAY <br /> JAMES A. M RICHARD A.HCLDE <br /> HUDERT V..FOPORCRCICR MARGARET S.ANGLE • <br /> JAMES M.SAMPLES STEVEN R.ANDERSON <br /> DALE C. IHOFFCR JAY D.CHRISTIANSEN <br /> PETER R..KITCHAK CHARLES S.FERRELL <br /> GALE R.MELLUM DAVID B.MILLER <br /> DRUCC F.BURTON MARK F. ETSON <br /> JERRY W.SNIDER JAMES A..O'NEAL <br /> HENORIK OC JONG RICHARD T. THOMSON <br /> STEPHEN ROSHOLT <br /> FRANK B.BUTLER <br /> GORDON D.CONN.JR. <br /> B RUCE AACKERMAN -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 /> • <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 /> • <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 />