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Page 6 <br />August 24, 1998 <br />Mounds View City Council <br />approval of the Development Review. <br />No letters of opposition to the project had been received by the City. <br />McCarty asked Ericson to tell the Council specifically what they would be approving or <br />disapproving under this Development Review. <br />Ericson told the Council they would be approving setbacks, the building itself, landscape and <br />architectural criteria. No action would be taken on the use itself. But, rather, the site plan is <br />being considered as to whether it meets the zoning criteria. <br />MOTIONISECOND: Quick/Koopmeiners to approve Resolution No. 5262, a Resolution <br />Approving a Development Review Requested by SYSCO Foods to expand their Food <br />Distribution and Warehouse Facility Located at 2400 County Road J. <br />VOTE: Ayes - 5 Nays - 0 Motion carried <br />. B. Consider Resolution No. 5259, Retaining Financial Management, Inc., as the City's <br />Financial Advisory Consultant. <br />MOTION/SECOND: Quick/Koopmeiners to approve Resolution No. 5259 Retaining Public <br />Financial Management, Inc., as the City's Financial Advisory Consultant. <br />Stigney stated by approving the use of Financial Management Inc., as the City's financial <br />advisory consultant it appeared as if the Mermaid Project was going ahead "full tilt", going out <br />for bonding of $1.7 million. If this occurred it also would mean that the City would incur the <br />$550,000 cost in relocating the Rent All business located on the corner of County Road H and <br />Highway 10. He stated the citizens of Mounds View are not aware of these developments. <br />Because of this fact, Stigney suggested holding off on approving Resolution No. 5259. <br />McCarty stated the Resolution recognized assignment of a financial management firm for the <br />City. There was no reference to the Mermaid or any other project. The Resolution sets forth fee <br />schedules to be applied to the retaining of the financial management firm. <br />Stigney stated there is no need to go out and ask an outside consultant to come in and look at, <br />and start paying him to do this issue, if they City is only considering the bonding issue. <br />McCarty reiterated the fact that the City is not authorizing the financial manager to do any <br />project. It assigns, it authorizes staff to deal with a specific firm as the City's financial advisor, it <br />does nothing more. The Mayor asked Stigney to stop pandering to the unfounded fears of the <br />