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Page 6 August 25, 1997 Mounds View City Council would withhold the city's support while other opportunities are investigated and if that opportunity does not work out, the council could go back and authorize the funds. MOTION/SECOND: Trade/Stigney to Approve Resolution No. ,Withdrawing Support of Public Housing Funds. A discussion followed in regard to the six month sunset clause on the funds whereby if the funds are not used within six months the funds would automatically go to other competing cities. Ms. Bennett explained that the $200,000 for the rehabilitation of the project were Ramsey County funds and they were approved by Ramsey County and set aside until December 31, 1997. The Holman unit funds were approved by a separate resolution. Discussion also centered around whether the resolutions of support passed by the City Council would obligate the city to proceed at this time. Mayor McCarty stated he is concerned about the appearance that the city is "tinkering around" with funds that are earmarked for persons of less economic stature, etc. He is concerned that having the development contingent upon a retail conversion could create problems. The neighbors adjacent to the properly which would require a zoning change have not had an opportunity to provide input. He feels the Council should take time to consider the options, however and work through all of the details. He would be interested to see what the residents who would be affected by the zoning change have to say. • Attorney Long recommended that the Council delay the resolution and take time to look at the issues more closely. Ms. Trade stated her main point of the resolution is to let the public know that even though the developer made it appear at the last meeting that he could proceed, he does need the city's support. Mayor McCarty noted that the other issue is whether or not the developer is dependent upon the funds in order to be able to proceed which is not known at this time. MOTION/SECOND: Koopmeiners/Quick to table Resolution No. VOTE: 3 ayes 2 nays (Trade/Stigney) Motion Carried REPORT5• Report of Council members: Koopmeinera: No report. Stigney: Council member Stigney stated he feels fortunate to have been able to serve with Ms. Trade and he hopes he will be able to emulate through her example. Quick: Council member Quick wished Ms. Trade Good Luck. Mayor McCarty: Mayor McCarty took this opportunity to explain what an Exclusive Negotiating Agreement meant. • Trade: Ms. Trade encouraged the public to stay on top of the issues affecting residents in the community. She stated she has enjoyed working for the residents over the past four years. She took this opportunity to