HomeMy WebLinkAboutgr00090_000039_pg027City Council minutes
-2- January 26, 1976
Edward Paster of Mounds View Shopping Center stated that he
thought the new City Hall looked terrific and said that he
realized the Council was interested in making sure we use the
name Mounds View as two separate words. This is difficult for
them as their graphics are already completed. They are attempting
to create an interesting and creative approach to their shopping .
center and would like to be able to use the letters in all lower
case without any separation. Mayor Johnson inquired if the reason
was because they didn't have enough room to make it two words?
Mr. Paster answered that it breaks up the continuity and they are
at the edge of their borders. The Council was polled:
Councilman Hodges: Would really like to see it two words but
would go along with it the way it is.
Councilman Baumgartner abstained because his wife was involved
in making it two words. However, he felt it should be two words also.
Councilman Pickar: Although I feel it should be two words we
probably don't have much jurisdiction as far as names are
concerned. I would support it.
Howard Beaver stated that he had spoken to Barbara Haake and told
her that they had decided to go into color graphics, and at any
distance at all you can only see the color. People do not go down
the highway and read -- and that they have already gone to much
expense.
Councilman Shelquist said that we have been assured that it would
be two words and if we go to one we would be renaming it in
everyone's mind. I would prefer to see it as two words.
Mayor Johnson stated that it is resolved that Mounds View shall
be two words. If you are going to spend that much money you
might as well do it right. The concensus is 3 to 2 that the sign
should be two words. Suggestions were made as to what could be
done, i.e. "M" & "V" be in the upper case; changing the color
of the letters "M ", "V ", & "S "., etc.
Seegar Swanson of Ehlers & Associates discussed the matter of
the Advance Refunding Bond Sale with the Council. The resolution
permits the Council to meet again on February 12 to consider
bids. They can then be accepted or rejected. Five days before
the bid opening they will recommend interest rates and pricing
information. This would require a special meeting.
Mayor Johnson stated that Attorney Meyers asked what happens to
the bonds currently outstanding and Mr. Swanson replied that the
people will be notified that they should turn them in. The
proceeds from the sale of the new bonds are used to purchase
government issues to pay back the bond holders until the call
date of the refunded issue. If there are any more bonds issued
during this quarter there maybe some effect, but beyond that no
problem.
Mayor Johnson explained that the purpose of refunding an issue is
to reissue new bonds now at a rate less than the original bond issue.