Agenda Packets - 2018/06/25 - Laserfiche WebLink

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SECTION 12. The City Council of the City of Mounds View hereby amends Title 200, Chapter 202, Section 203.07, Subdivision 5(d) of the Mounds View Municipal Code by adding the double -underlined material and deleting the st>=iele material as follows: d. The SWM charge shall beas oTset forth in the City's fee schedule. SECTION 13. The City Council of the City of Mounds View hereby amends Title 200, Chapter 202, Section 203.08, Subdivision 3(f) of the Mounds View Municipal Code by adding the double -underlined material and deleting the strieken material as follows: f. This Fund may also be used to pay the bond service charges of the paying agents of the bonds which were formerly accounted for in the r,.,.,r,.,,vo, epA Bond Rede ,. ptio,, Debt Service Fund and which were defeased on January 18, 1984. SECTION 14. The City Council of the City of Mounds View hereby amends Title 200, Chapter 202, Section 203.08, Subdivision 4 of the Mounds View Municipal Code by adding the double - underlined material and deleting the strieke material as follows: Subd. 4. Funds to be Deposited: There shall be deposited in said Fund the initial sum of eight hundred fifty three thousand four hundred fifty nine dollars ($853,459.00) which represents the cash balance remaining in the T,,.,r,.,,voment Bond Roder, poor Debt Service Fund after the cash defeasance of the Fund's outstanding bonds. The special assessments receivable of the I,,.,r,,,,vement Bond Redemption Debt Service Fund shall be transferred to said Fund, and hereafter, all future payments of principal and interest on those assessments shall be deposited in the Fund. There may also be deposited in said Fund such other monies as may be directed by the Council. SECTION 15. In accordance with Section 3.07 of the City Charter, City staff shall have the following summary printed in the official City newspaper in lieu of the complete ordinance: On June 11, 2018, the City Council adopted Ordinance 944 that amends Title 200, Chapters 202 and 203 of the Mounds View City Code. The purpose of the amendment was to update certain technical provisions contained in the aforementioned chapters and remove and amend outdated language. 523066v1 DTA MU210-54 9