Laserfiche WebLink
1 <br />2 <br />3 <br />4 <br />5 <br />6 <br />7 <br />8 <br />9 <br />10 <br />11 <br />12 <br />13 <br />14 <br />15 <br />16 <br />17 <br />18 <br />19 <br />20 <br />21 <br />22 <br />23 <br />24 <br />25 <br />26 <br />27 <br />28 <br />29 <br />30 <br />31 <br />32 <br />33 <br />34 <br />35 <br />36 <br />37 <br />38 <br />39 <br />40 <br />41 <br />42 <br />43 <br />44 <br />45 <br />Mounds View City Council June 44, 2021 <br />Regular Meeting Page 5 <br />D. Resolution 9431, Approving the Renewal of Mounds View Liquor Licenses. <br />City Administrator Zikmund requested the Council approve the renewal of the Mounds View <br />Liquor Licenses. He reported all necessary paperwork and fees had been submitted to the City <br />for these licenses and staff recommends approval. <br />MOTION/SECOND: Bergeron/Meehlhause. To Waive the Reading and Adopt Resolution <br />9431, Approving the Renewal of Mounds View Liquor Licenses. <br />A roll call vote was taken. <br />Ayes — 5 Nays — 0 Motion carried. <br />E. Resolution 9432, Approving a Conduit Bond for MWF Properties. <br />Assistant City Administrator Beeman requested the Council approve a conduit bond for MWF <br />Properties. He reported MWF was proposing to develop a senior housing development on the <br />Skyline Motel property. He explained MWF was also seeking TIF financing to complete this <br />project. He indicated the City would not be responsible for these bonds. Staff commented further <br />on the proposed conduit bonds and recommended approval of the request. <br />Jenny Bolton, Kennedy & Graven, reported with these bonds the City would act as the conduit to <br />provide lower cost financing for the developer. She stated the City has provided other non -profits <br />with conduit bonds in the past and noted these bonds could also be used for affordable housing <br />projects. She reiterated there would be no liability for the City for these bonds and noted the City <br />would be paid a small fee for administrating these bonds. <br />Mayor Mueller questioned what fee would be paid to the City for these bonds. Finance Director <br />Beer reported the City would receive 1/8 of 1% yearly on the balance of the outstanding <br />obligations. <br />Mayor Mueller asked how long the bonds would be issued for. Chris Stokka, MWF, indicated <br />the bonds would have a payback period of 17 years. <br />MOTION/SECOND: Meehlhause/Hull. To Waive the Reading and Adopt Resolution 9432, <br />Approving a Conduit Bond for MWF Properties. <br />Council Member Meehlhause thanked staff for the excellent staff report. <br />A roll call vote was taken. <br />Ayes — 5 Nays — 0 Motion carried. <br />F. Resolution 9433, Approving the Final Plat of Belden River View.