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Mounds View City Council June 10, 2024 Regular Meeting Page 3 1 recycle household chemicals and unused/expired medicines. He requested that residents do not 2 block their infiltration basin, to not blow leaves and grass clippings into the street, to not overuse 3 lawn maintenance fertilizers and chemicals on lawns, and to not dump piles of mulch or dirt in the 4 street. He reported the City removed 2.85 tons of waste through the fall cleanup day. He 5 commented further on the City's HOPP program, which was put in place to assist with preserving 6 the City's water. He then commented on the benefits of No Mow May. He further reviewed the 7 progress that was made on illicit discharge detection and elimination. The City's pollution 8 prevention/good housekeeping measures were discussed and it was noted the number of plowing 9 events was down for 2023. He explained Stantec inspected 31 stormwater ponds in the community 10 and 27 ponds had sediment surveys completed. It was determined seven ponds need dredging in 11 the next five years. He shared a video which addressed the importance of cleaning up pet waste. 12 He concluded the presentation by discussing what was new within the City's MS4 permit. 13 14 The Council thanked Public Works/Parks and Recreation Director Peterson for his detailed 15 presentation. 16 17 7. PUBLIC COMMENT 18 19 Vince Meyer thanked the City for calling and communicating with him. 20 21 8. COUNCIL BUSINESS 22 A. Approving Resolution 9933, A Resolution Granting Preliminary Approval to 23 the Issuance of Conduit Revenue Bonds to Finance the Costs of a Multifamily 24 Rental Housing Facility Under Minnesota Statutes, Chapter 462C, as 25 Amended; Calling for a Public Hearing; Establishing Compliance with 26 Certain Reimbursement Regulations Under the Internal Revenue Code of 27 1986, as Amended; and Taking Certain Other Actions with Respect Thereto 28 (Sibley Park/Sibley Court Project). 29 30 Finance Director Bauman requested the Council approve the issuance of conduit revenue bonds to 31 finance the costs of a multi -family rental housing facility, calling for a public hearing, establishing 32 compliance with certain reimbursement regulations and taking certain other actions for a housing 33 project in St. Paul. She indicated this was preliminary approval and explained the City would 34 receive a 1% issuance fee or $450,000 if this project moves forward. 35 36 Mayor Lindstrom questioned why the City would allow for conduit debt to be issued for another 37 community. Finance Director Bauman explained this process allows other communities to take 38 advantage of the City's credit rating. 39 40 MOTION/SECOND: Meehlhause/Gunn. To Waive the Reading and Adopt Resolution 9933, A 41 Resolution Granting Preliminary Approval to the Issuance of Conduit Revenue Bonds to Finance 42 the Costs of a Multifamily Rental Housing Facility Under Minnesota Statutes, Chapter 462C, as 43 Amended; Calling for a Public Hearing; Establishing Compliance with Certain Reimbursement 44 Regulations Under the Internal Revenue Code of 1986, as Amended; and Taking Certain Other 45 Actions with Respect Thereto (Sibley Park/Sibley Court Project). 46