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Mounds View City Council June 12, 2023 Regular Meeting Page 11 1 non-dairy options. 2 3 Dan Dryer, 7830 Spring Lake Road, asked if the manufacturing was for distribution purposes. 4 5 Mr. Guss explained the manufacturing was for wholesale sales. 6 7 Hearing no further public input, Acting Mayor Meehlhause closed the public hearing at 8:33 p.m. 8 9 MOTION/SECOND: Gunn/Lindstrom. To Waive the Reading and Adopt Resolution 9768, 10 Approving a Conditional Use Permit for manufacturing, compounding, processing, packaging or t t treatment of cosmetics, pharmaceuticals and food products and the rendering or refining of fats 12 and oils; Big Dipper Creamery, 2222 Mounds View Boulevard. 13 14 Ayes — 4 Nays — 0 Motion carried. 15 16 E. Resolution 9765, A Resolution Relating to the Issuance of Conduit Revenue 17 Bonds to Finance the Costs of a Multifamily Rental Housing Facility and 18 Under Minnesota Statutes, Chapter 462C, as Amended; Granting Preliminary 19 Approval Thereto; Calling for a Public Hearing; Establishing Compliance 20 with Certain Reimbursement Regulations Under the Internal Revenue Code 21 of 1986, as Amended; and Taking Certain Other Actions with Respect Thereto 22 (Joseph's Point at Upper Landing Project). 23 24 Finance Director Beer requested the Council consider a Resolution relating to the issuance of 25 Conduit Revenue Bonds to finance the costs of a Multifamily Rental Housing Facility and taking 26 certain other actions with respect thereto for Joseph's Point at Upper Landing Project. He 27 explained conduit debt allowed the City to issue tax exempt debt for a non-profit entity. He 28 reported this project would be completed in St. Paul. He noted the City of Mounds View would 29 receive a 1% fee for this bond issuance. 30 31 Acting Mayor Meehlhause reported the City would be receiving a fee of $130,000 for this conduit 32 bond issuance. He commented further on the conduit bond issuances the Council has approved in 33 the past. 34 35 MOTION/SECOND: Gunn/Lindstrom. To Waive the Reading and Adopt Resolution 9765, A 36 Resolution Relating to the Issuance of Conduit Revenue Bonds to Finance the Costs of a 37 Multifamily Rental Housing Facility and Under Minnesota Statutes, Chapter 462C, as Amended; 38 Granting Preliminary Approval Thereto; Calling for a Public Hearing; Establishing Compliance 39 with Certain Reimbursement Regulations Under the Internal Revenue Code of 1986, as Amended; 40 and Taking Certain Other Actions with Respect Thereto (Joseph's Point at Upper Landing Project). 41 42 Ayes — 4 Nays — 0 Motion carried. 43 44 F. Resolution 9761, Acknowledging the Passing of Mayor Al Hull, Declaring a 45 Vacancy to Exist on the Mounds View City Council, and Providing Notice that 46 the Vacancy will be filled at an Upcoming Special Election.