Minutes - 1993/11/22 - Laserfiche WebLink

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• Mounds View City Council Page Six Regular Meeting November 22, 1993 Samantha Orduno, City Administrator, and Jerry Linke, Mayor respectively shared in the reading of Resolution No. 4451 Approving the Commitment by the City of Mounds View to Proceed with the Construction and Operation of a Municipal Nine Hole Golf Course and Practice Range. MOTION/SECOND: Linke/Wuori to Adopt Resolution No. 4451 Approving the Commitment by the City of Mounds View to Proceed with the Construction and Operation of a Municipal Nine Hole Golf Course and Practice Range VOTE: 5 ayes 0 nays Motion Carried Orduno commented that the process was a very slow process because of extended research on the project. Each item was dealt with thoroughly. The golf course-was a very thought out process which had first begun in July of 1991.. B. Consideration of Resolution No. 4452 Providing for the Issuance and Sale of the City's $3,090,000 Gross Revenue Golf Course Bonds, Series 1994A Staff asked that the Council postpone action on this resolution to December 13, 1993. C. Consideration of Resolution No. 4453 Authorizing an Inter-Fund Loan Samantha Orduno, City Administrator, explained that an enterprise fund for $250,000 would be needed to cover the first year of operation of the golf course. Resolution No. 4453 authorizes an interfund loan in the amount of $250,000 from the Water Fund to the Golf Course Fund. The resolution further explains that the loan would be repaid over a period not to exceed twenty years and will be repaid with an interest rate of 6 1/2 percent per annum. The principal and interest payments of the loan would be payable each November 15 over the term of the loan. MOTIONISECOND: Wuori/Quick to Adopt Resolution No. 4453 Authorizing an Interfund Loan with an Amendment to Item 3) Changing the Interest Rate from 7~ to 6 1/2~ VOTE: 5 ayes 0 nays Motion Carried D. Consideration of the Bid Award for the Architectural Services for the Golf Course Pro Shop and Maintenance Building Mary Saarion, Director of Parks, Recreation and Forestry, reported that the Golf Course Task Force interviewed six firms and requested RFP's from three plus three other firms for architectural services. The Task Force recommended the firm of Runyan and Vogel Group, Inc.