Minutes - 2013/09/23 - Laserfiche WebLink

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Mounds View City Council September 23, 2013 Regular Meeting Page 4 Sections 469.152 through 469.1655, as Amended; Authorizing the Publication of a Notice of Public Hearing; and Establishing the Date for a Public Hearing. Finance Director Beer explained that conduit financing was being requested from the City of Mounds View to assist Unity Hospital in Fridley, Minnesota, with a proposed expansion. He requested the Council adopt a Resolution giving preliminary approval to the proposed issuance of a Subordinate Healthcare Facilities Revenue Note under Minnesota Statutes, Section 469.152 through 469.1655, authorizing the publication of a notice of public hearing and establishing a date for a public hearing. Council Member Meehlhause asked if the proposed bonds were similar to the financing approved for Apple Tree Dental. Finance Director Beer stated the bonds were the same. Council Member Mueller inquired if the requested amount would put the City over the conduit financing limits. Jenny Boulton, Kennedy & Graven, commented the City was allowed to issue 10 million in conduit financing on a yearly basis and the City would not reach this limit with the Apple Tree Dental and Unity Hospital projects. Council Member Gunn questioned if the City would bear any expense from the conduit financing. Ms. Boulton explained the City would not responsible for the administration or debt of the bonds. Council Member Mueller was pleased that the City was able to assist non-profits through the conduit financing. MOTION/SECOND: Gunn/Mueller. To Waive the Reading and Adopt Resolution 8155, Giving Preliminary Approval to the Proposed Issuance of a Subordinate Healthcare Facilities Revenue Note Under Minnesota Statues, Sections 469.152 through 469.1655, as Amended; Authorizing the Publication of a Notice of Public Hearing; and Establishing the Date for a Public Hearing. Ayes – 5 Nays – 0 Motion carried. B. Tires N’ More, 2832 County Road 10, Condition Use Permit Review. Planning Associate Heller explained this evening the Council would be continuing a conversation regarding the conditional use permit for Tires N’ More located at 2832 County Road 10. She indicated the original conditional use permit was approved in August of 2012 with conditions. One of these conditions required that the parking lot be repaved by September 1, 2013. There have been discussions between Tires N’ More and CVS but an agreement has not been reached as to how the parking lot should be repaved. Planning Associate Heller commented Tires N’ More has since requested a variance to allow for the parking lot to be completed. The goal would be to have this work finalized yet this fall, or early next spring. She requested the Council discuss the matter and provide direction on how to