Agenda Packets - 1986/07/07 - Laserfiche WebLink

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Mounds View City Council June 9, 198� Regular Meeting Page Six - ----------------------------- Motion/Second: Ilaekn/Dlanchard to approve Development Agreement No. R6-75, with a cover letter indicating the non -applicable parts will be excluded, and the requirement for the telephone on the site will be deleted. 4 ayes 0 nays Motion Carried Director Thatche- reported that Ronald Richardson has submitted 10. Consideration information to the City through Attorney Meyers, and his banker is of Development requesting that the letter of credit have an expiration date. Agreement No. 86-64 Attorney Karney stated he wit! have to iesearch the isane further to see if an d:C -they would be appropriate. Ile added that if do establish one, it should extend beyond the first of the year. Mike R16i, representing mi. Richardson, stated he had spoken with Mr. Richardsu,,'s banker, who told him an expiration date was required. He added that Mr. Richardson could request an extehtion to cover "^y ad94tional time LLdt is necessary, or the City could draw on the letter. Ile agreed that the date could be advanced, to allow ample time for construction to be completed. Attorney Karney questioned the amount of the letter of credit, wonderinq whether $10,000 would be sufficient to protect the City. Director Thatcher stated that $10,000 would be sufficient. Motion/Second: Quick/Blanchard to table this item anti— lr the next regular meeting, on June 23, 1986, to allow the City Attorney time to look into it. 4 ayes 0 nays Motion Carried Motion/Second: Ilaake/Quirk to approve the renewal 11. Renewal of On- o th-fie on -sale and off -sale liquor licenses for the Sale and Off -Sale Mermaid, Donatelle's Supper Club, Loose tnas on iu, Liquor Licenses B : R Liquor, Budget Liquor, Simon's Liquor, and the Bel -Rae Ballroom, from July 1, 19R6 cn June 30, 1987. 4 ayes 0 nays Motion Carrie,,