HomeMy WebLinkAboutAgenda Packets - 1986/05/27CITY COUNCIL MEETING
CITY OF MOUNDS VIEW
MAY 27, 1986
7:00 P.M.
A G E N D A
1. Call to Order
2. Pledge of Allegiance
3. Roll Call - Blanchard, Ouick, Haake, Hankner, Linke
/. Approval of Minutes: May 12, 1986
Reqular Meeting
(Received in 3-19-86 Packet)
5. Presentation of Tree City U.S.A Award by Rick Wriskey,
City Forester
6. Public Hearings - 7:05 P.M.- Consideration of Proposed
Change in Refuse Hauling
System
7. Residents Requests and Comments From The Floor
--------------------------------------------------------
CITIZF,NS: BEFORE SPEAKING PLEASE GIVE YOUR FULL NAME
AND ADDPF_SS FOR THE MINUTES
8. Approval of Consent Agenda
ITEM A. Adopt Resolution No. 2010 Approving tho
Transfer of Ownership of Group W Cable, In
1TEM B. Adopt Resolution No. 2011 Denying the Request
to Transfer Ownership and Control of Group W
Cable of the North Suburbs, Inc. and Transfer
of the Cable Communications Franchise Ordinance
to North Central Cable Communications, L.P.
ITEM C. Authorize Clerk -Administrator to Enter into a
Maintenance Agreement with Executone Systems of
Sr. Paul, Inc, in the Amount of $1,116 with the
Funds Coming from Contingency
ITEM D. Authorize Renewal of the LMCIT Health
Protection. Plan for tha Feriod July 1, 1986 to
July 1, 1987
ITEM F. Adopt Resolution No. 2013 Establishing Policy
for Assessing Subdivided Corner Lute
AGENDA
PAGE, TWO
MAY 27, 1986
1
ITEM F. Schedule public
Hearings
for the Consideration
of Renewal of Intoxicating
Liquor Licenses
as
Foliows:
Mermaid, Inc.
- 7:05
p.m., ,tune
9,
1986
Mutdoon.s, Inc.
- 7:06
p.m., June
9,
1986
Donatelle's
- 7:07
p.m., June
9,
1986
Loose Ends On 10
- 7 : 0 8
p.m., June
9,
1986
9 6 R Liquor
- 7:09
p.m., June
9,
1986
Budget Liquor
- 7:10
p.m., June
9,
1986
Simon's Liquor
- 7:11
p.m., June
9,
1986
Bel -Rae Ballror.m
- 7:12
p.m., June
9,
1986
ITEM G. Adopt Resolution
No. 2014
Approving Just
and
Correct Claims Against City
Funds
ITEM H. Licenses for Approval
Restaurant - Expires 6 3/ 0j87
Muldcx n's, Inc. - Renewal '
Mermaid, Inc. - Renewal
Loose Ends On IJ - Renewal
Bel -Rae Ballroom - Renewal
Donatelle's Supper Club - Renewal
General - EFkfi es 6/30/86
Bert L. Anderson Construction, Inc. - New
The Carponrer - New
Day'3 Remodeling - Renewal
Oakridge Woodworkers & Remodelinq - New
Heatin end Air Conditioning - Expires 6/30/86
kin mond G Sons Inc. dba: GoT3en valley
Heating and Air Conditioning - New
Asehalt - Expires 6/30/86
vrc Blacktop, Inc. - New
Masonry - Expires 6 31 0/86
Eric Wortman Masonry - New
Roofing - Expires 6/30/86
T. J. Roofing- New
9. Second Reading and Adoption of ordinance No. 408 An
ordnance Amendinq the Muu,cipal Code of Mounds View.
By Amend'nq Chapter 41 Entitled, "Specific Rezoning
10. Consideration of Staff Memorandum Regardirg Application
for Grant from Ramsey County Community Development Block
Grant Program
AGENDA
PAGE THREE.
MAY 27, 1986
11. Consideration of Staff Memorandum Reqarding Interfund
Loan for worming Hcuses
12. Consideration of 1986 MSA Street Project Bids
13. Consideration of Resolution No. 2012 Resolution of
rommendation in Honor of Vancouver's Centennial
Celebration
14. Report of Public Works/Community Development Director
15. Report of Attorney
16. Report of Councilmembers: Blanchard, Quick, Haake,
Hankner, Links
17. Report of Administrator
18. Adjournment
'Ax G , 7.'w-P.t
CITY OF MOUNDS VIEW
COUNTY OF RAMSEY
STATE OF MINNESOTA
NOTICE OF PUBLIC HEARING
NOTICE IS HEREBY GIVEN that the Mounds View City Council
will meet on Tuesday, May 27 at 7:05 p.m. at Mounds View
City Hall, 2401 Highway 10, Mounds View, Minnesota 55112 to
consider changing the current "open hauling" system of garbage
collection to a city-wide exclusive contract for residential
refuse collection.
Anyone desiring to be heard with reference to this matter may
to heard at this meeting.
Ponald F. Pauley
Clerk -Administrator
(Bulletin: May 14, 1996)
CONSENT AGENDA
MAY 27., 1986
The Ccnsent Aqenda is a technique designed to expedite
handlinq of routine and miscellaneous official business of
the City Council. The entire agenda may he adopted by the
Council in one motion. The motion for adoption is non -
debatable and must receive unanimous approval. By request
of any Individual Councilmember, an item can be removed from
the Consent Agenda and placed upon the Regular Agenda for
debate.
ITEM A. Adopt Resolution No. 2010 Approving the
Transfer of Ownership of Group W Cable, Inc.
ITEM B. Adopt Resolution No. 2011 Denying the Request
to Transfer Ownership and Control of Group W
Cable of the North Suburbs, Inc. and Transfer
of the Cable Communications Franchise Ordinance
to North Central Cable Communications, L.P.
ITEM C. Anthorize Clerk -Administrator to Enter into a
Maintenance Agreement with Executone Systems of
St. Paul, Inc. in the Amount of $1,116 with the
Funny com:no trom Contingency
ITEM D. Authorize Renewal of the LMCIT Health
Protection Plan for the Period July 1, 1986 to
.Iuly 1, 1987
ITEM F. Adopt Resolution No. 2013 Establishing, Policy
for Asseosinq Subdivided Corner Lots
ITEM F. Schedule Public
Hearings
for the Consideration
of Renewal of Intoxicating
Liquor Licenses as
Follows:
Mermaid, Inc.
- 7:05
p.m.,
June
9,
1986
Muldoons, Inc.
- 7:06
p.m.,
June
9,
1986
IMnatelle's
- 7:07
p.m.,
June
9,
1986
Loose Ends On 10
- 7:08
p.m.,
June
9,
1986
R 6 R Liquor
- 7:09
p.m.,
June
9,
1986
Budget Liquor
- 7:10
p.m.,
June
9,
1986
Simon's Liquor
- 7:11
p.m.,
June
9,
1986
Bel -Rae Ballroom
- 7112
p.m.,
June
9,
1986
ITEM G. Adopt Reso!ution No. 2014 .Approving Just and
Correct Claims Against City Funds
CONSENT AGENDA
PAGE TWO
MAY 27, 19P,6
I'IF.M 11. Licenses for Approval
Restaurant - Fxpires 6/30 87
Muldoon's,Inc. - Renewal
Merma'.d, Ins. - Renewal
Lnnse Ends On 10 - Renewal
Rel-Rae Ballroom eC Reno Renewal
DonateIle's Sup? Club
General= FxDtre� 6/30/B6
Bert L. Anderson Construction, Inc. - New
the Carpenter - Now
Reneval
Days Remndeling
oakridge Noodworkere 6 RemodPlinq - New
Conditioning - Expires 6/300
Ileatin and Air 1�y
Richmon F Sons Fec.r Inc. nna_ New
Vc v ev
lleatinq and Air Conditioning
Psphalt - Fxpires 6/30/86
Pro Blacktop, Inc. New
Ma onr - Fxpires 6/30/86
Er iC NUrtman Masonry - Now
R—ting E�R:res 6 30 86
T. J. Roofing - Neu
91
RESOLUTION NO. 2010
CITY nF MOUNDS VIEW
COUNTY OF RAMSEY
STATE OF MINNESOTA
RESOLUTION APPROVING THE TRANSFER OF OWNERSHIP OF GROUP W
CABLE, INC.
WHEREAS, Group W Cable, Inc., a New York Corporation
(hereinafter "Group W Cable"), by and through Croup W Cab),
of the North Suburbs, Inc., a wholly -owned subsidiary, owns,
operates and maintains a cable television system in the City
pursuant to the terms and conditions of City Ordinance No.
319 (hereinafter "Cable Communications Franchise
Ordinance"); and
WHEREAS, Group W Cable's parent corporation, Westing-
house Broadcasting a5d Cable, Inc., an Indiana Corporation
(hereinafter "Westinghouse"), desires to sell and otherwise
transfer all of the issued and outstanding shares of the
capital stock of Group W Cable to CeiiLity Southwest Cable
Television, Inc., a Delaware Corporation; TCI Holdings,
Inc., a Colutado Corporation; Amen can Television and
Communications Corporation, a Delaware Corporation, and
affiliates of, or subsidiaries of carts-, shi^^ owned 0:
c*,,tr011ed L., Houston Industries Incorporated, a Texas
Corporation; Comcas! Corporation, a pecnsylva^ia
Corporation; and Daniels 6 Associates, Inc., a Delaware
Corporation; (hereinafter "Buyers"), and thereby transfer
control of Group W Cable to the Buyers; and
WHEREAS, Group W Cable has requested the consent from
the City to a change in ownership and control of Group W
Cable to the Buyers and the transfer of ownership and
control and ultimate transfer of the Cable Communications
Franchise Ordinance as amended to North Central Cable
Communications, L.P.; and
WHEREAS, the North Suburban Cable Commission (here-
inafter "Commission") has been delegated the authority and
responsibility to coordinate, administer and enforce Lite
Cable Communications Franchise Ordinance on behalf of the
City pursuant to the terms of a Joint and Cooperative
Agreement for the Administration of a Cable Television
Franchise; and
WHEREAS, the Commission has held a public hearing on
behalf of the City and has reviewed the legal, technical,
and financial qualifications of Buyers and found them
adequate to own and operate Group W Cable; and
RESOLUTION NO, 2010
PAGE TWO
WHEREAS, the Comr„isslon has recommended to City
approval of the transfer of control of Group W Cable to
Boyers subject to the actual closing of the stock sale in
June, 1986; and
WHEREAS, the Commission and City have been advised by
Group W Cable and the Buyers that the approval of such stock
Lt�iufer to Buyers shall in no way be interpreted as an
approval, either express or implied, of the transfer of
ownership and control and ultimate transfer of the Cable
Communications Franchise Ordinance to North Central Cable
Communications, L.P.
NOW, THEREFORE, BE IT RESOLVED by the City Council of
the City of Mounds View:
1. That the City hereby approves the sale by
Westinghouse of all of the issued and outstanding
shares of the capital stock of Group W Cable,
Inc. and the transfer of control of Group W
Cable, Inc. to the Buyers subject to an actual
closing of the stock sale transaction in June,
1986, pursuant to the terms and conditions
currently understood by the City as evidenced by
the Notice of Transfer, and other information and
documents, provided to said Commiss!on and Cite.
2. That the approval of the tr;nsfec crf ownership
and control of Group W Cable, Inc. to the Buy*rs
is hereby deemed not to include any approval,
either express of implied, as to any subsequent
t.anefer of ownership or control of Group W
Cable, Inc. or Group W Cable of the North
Suburbs, Inc. or transfer of the Cable Communica-
tions Franchise Ordinance or related cable
communications system to North Central Cable
Communications, L.P., or to any other entity or
individual.
3. That this approval is specifically conditioned
upon payment in full prior to an actual closinq
of the stock sale transaction in June, 1986, or
all expenses incurred by Commission and City
related to the Request for Approval of Transfer
dared February 1, 1986, including those related
expenses incurred prior to receipt thereof, but
incurred in preparation for the receipt of the
Request for Approval.
RESOLUTION NO. 2010
PAGE, THREE
ATTEST':
(SEAL)
That this approval is specifically conditioned
upon the understanding that any changes or
modifications in the Cable Communications
Franchise Ordinance or cable communications
system (in place or proposed) which are subject
to regulation or control by City and/or
Commission shall not be made without the prior
review and approval of City and/or Commission
pursuant to nigh procedures as are contained .n.
the Cable Communications Franchise Ordinance or
otherwise applicable law.
Adopted this 27 day of May, 1986.
Mayor
Clerk -Administrator
RESOLUTION No. 2011
CITY OF MOUNDS VIEW
COUNTY OF RAMSEY
STATE OF MINNESOTA
RESOLUTION DENYING THE REQUEST 'r0 TRANSFER OWNERSHIP AND
CONTROL OF GROUP W CABLE OF THE NORTH SUBURBS, INC. AND
TRANSFER OF THE CABLE COMMUNICATIONS FRANCHISE ORDINANCE TO
NORTH CENTRAL CABLE COMMUN ICA'r IONS, L.P.
WHEREAS, Group W Cable, Inc., a New York Corporation,
by and through Group W Cable of the North Suburbs, Inc., a
wholly -owned subsidiary, (hereinafter collectively "Group W
Cable") owns, operates aml maintains a cable television
system in the City pursuant to the terms and conditions of
City ordinance No. 319 (hereinafter "Cable Communications
Franchise Ordinance"); and
WfIEREAS, Group W Cable has requested the consent from
the City to a transfer of ownership and control of Group W
Cable end transfer cf the Cable Communications Franchise
Ordinance as amended to North Central Cable Communications,
L.P. (hereinafter "North Central"); and
WNFkFAC. the North Suburban Cable commif,sinn rhorein-
after "Commission") has been delegated the authority and
responsibility to coordinate, administer and enforce the
Cable Communications Frarchise Ordinance on behalf of City
pursuant to the terms of d Joint and C•)operative Agreement
for the Administration of a Cable Television Franchise; and
WHEREAS, the Commission has held a public nearing on
behalf of City and has reviewed the legal, technical, and
ficanClal qualifications of North Central; and
h"iEREAS, THE Commissicn has recommended to City
denial of the transfer of ownership and control of Group W
Cable and transfer of the Cable Communications Franchise
Ordinance to North Central.
NOW, THEREFORE, BE IT RESOLVED by the City Council of
the City of Mounds view:
1. Based upon the Findings of Fact and Conclusions
of the North Suburban Cable commission (attached
hereto and made a part hereof) the City denies
the request to approve the transfer and owner-
RESOLUTION No. 2011
PAGE TWO
ATTEST:
ship and control of Group W Cable of the North
Subu.bs, Inc. and transfer of the Cable
Communications Franchise ordinance to North
Central Cable Communications, L.P.
Adopted this 27 day of May, 1986.
ayor
(SEAL)
Clerk- Adminis[rato.
J
RESOLUTION NO. 2013
CITY OF MOUNDS VIEW
COUNTY OF RAMSEY
S'rATE OF MINNESOTA
RESOLUTION ESTABLISHING POLICY FOR
ASSESSING SUBDIVIDED CORNER LOTS
WHEREAS, some corner lots exist in the City which may
subdivided under current regulations; and
WHEREAS, assessments on existing corner lots have been
based on the length of the shortest lot line; and
WHEREAS, if a corner lot is subdivided along its longest
lot line, the new lnt will have access to utilities without
having paid for them:
NOW, THEREFOPE, BE IT RESOLVED that if a corner lot is
subdivided, the resulting new lot shall pay an assessment for
utilities prior to approval of the subdivision;
BE IT FURTHER RESOLVED that the assessment shall be the
product of the new lot's shortest length times the unit prices
used to assess the original lot when the utilities were
originally installed.
ATTEST:
(SEAL)
Adopted this 26th day of Mey, 1986.
Mayor
Clerk -Administrator
I(y:;ULU'1ION NO. 2014
CITY OF W)UNDS, VILM
CUUNrY OF MW;F:Y
STATE. OF IQNNFO'I'A
APPHOVINC JIMT AND Cma'.cr
CLAIM5 AUAWT CITY FUNI,4
NIU:HFAS, Lire City G,uncii or wunds View, pursuant to
Minnesota 5tatuLes 412.241, has full nutlror:ty over the financial arrairs
of the City and:
rTRW, 1he City Cuwrcil has reviewed the claim:: numbers:
01755 through 0:'1571 1n the aw ola or
n17a.77 through In ti,c wnront or f 1. 712pa
1 through _k19655 in Lire &wkaa of E 127 4�5 BO
throu811 )n the amount of E
TOTAL AMOUNT OF CLAIM; PRESENTED E 217
end Iles found said claims to be Just and correc L;
(list of my exception)
NOW THEWOHE, be it resolved thnt tr,e City
ty6/861p fthe unda View
t hereby approved the attached lists of claims dated 5/ Y
vote _ :Ye8 nayes
AM'T :
( SEAL )
a
9
Mayor
ark-Admin strator
CHECK
017572
AMOUNT
$ 1,712.89
CLAIMANT
Bowes 6 Co. Inc
of Minnesota
PURPOSE
Insurance
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ORDINANCE NO. 408
CITY OF MOUNDS VIER
COUNTY OF RAMSE,Y
STATE OF MINNESOTA
AN ORDINANCE AMFNDING THE MUNICIPAL CODE OF MOUNDS VIEW BY
AMENDING CHAPTER 41 ENTITLED, "SPECIFIC REZONINGS"
The Council of the City of Mounds View does hereby ordain:
41.23 Pursuant to Chapter 40.23, the Official Mounds View
Zoning Map is hereby amended to reflect the following rezoning:
The following property shall be rezoned from B-3 to I-1:
F. 202 FT OF W 557.57 FT OF S 401.47 FT OF SW 1/4 OF SE
1/4 (SUBJ TO RD) IN SEC 8, TN 30, RN 23
LOT 3, BLOCK 1, OF THE. PLAT DATED APRIL 9, 1986,
PREPARED BY MILNER CARLEY
This ordinance shall take effect thirty days after the date
of its publication.
Read by tiv+ City Council of the City of Mounds View on this
l2th day of May, 1986.
Read and pas?ed by the City Council of the City of Mounds
View this _ day of _, 1986.
ATTEST:
Mayor
(SEAL)
Clerk -Administrator
APPROVED AS TO Fi)RM:
City Attorney
MEMO TO: MAYOR AND CITY COUNC
FROM: CLERK-ADMINISTRATO
DATE: MAY 21, 1986
SUBJECT: APPLICATION FOR GRANT FROM RAMSF,Y COUNTY
COMMUNITY DEVELOPMENT BLOCK GRANT PROGRAM
As yco may recall, earlier this month you received a
memorandum from Staff outlining the requirements of Ramsey
County's Community Development Block Grant Program and a
proposal received by the City of Mounds View from the Energy
Resourca Center to provide low interest installment loans
and deferred loans for enerqy conservation improvements in
one to four unit owner occupied properties.
As a result of your consideration of this memorandum and
direction to Staff, the Energy Resource Center has agreed to
modify their proposal to provide loans to single family,
owner occupied properties only and has further agreed to
enter into a contractual agreement with the City of Mounds
View should their proposal be funded to allow for the pass-
tnrough of all responsibilities assumed by the City of
Mounds View for this prnoram.
The Energy Resource Center is preparing the grant
application documents and will be forwarding a letter to the
City of Mounds View acknowledging acceptance of the require-
ments placed upon them by the City. It is Staff's hope that
this information will be available for your consideration at
the May 27th meeting. Should it he available prior to the
27th, the information will be delivered to your homes for
your review before the meeting. It should be pointed out
that grant applications oust be submitted no later than
May 31 and, therefore, it will be necessary for Council to
approve this grant application on the 27th or we will be
unable to file for an application for a grant in 1986.
RF.COMMF.NDATION: Staff would recommend Council authorize the
su miser Sion of an application for Ramsey County Community
Development Block Grant Program funds on behalf of the
Energy Resource Center pursuant to the proposal they have
submitted to the City of Mounds View for low interest
installment loans and deferred loans for energy conservation
improvements to single family, owner occupied properties
located in the City of Mounds View.
DFP/mis
I
May 21, 1986
Mr. Don Pauly
City of Moundsview
2401 Ilighway In
Moundsview. Minnesota SS112
Dear Don
Through this letter the Energy Resource Center agrees to the idea
of having the City of Moundsview pass through any contractual
arrangement with Ramsey County tothe F.RC for an energy conservation
investment program serving 1-unit owner occupied properties.
Tile FRC will comply with all provisions of the Ramsey County CDRC
agreement.
We hase also modified the proposal so that the program will exclusively ,
serve owner -occupied single family homes in Moundsview.
I'll Clan to meet with you so that we can work on ways to market the
program where you think the need is greatest.
we appreciate the chance to work with the City of Moundsview on the
rrogram,
�iniere ly,
i
lToml flYa_ to
Executive Director, [PC
I
427 A 17aa Mr . So IS,d, 16IN 5SIP1 (6111117 7947
A COMPREHENSIVE ENER(dy EtINSERVA110H PROGRAM SERVING 1 UNIT
OWNER OCCUPIED PROPERTIES IN SUBURBAN RAMSEY COUNTY
Hew ttit Project Meets HUD Critert!
Ina I,, ni,n•.,d pr f. Ir•t I I4 ., I M. l it'r I'll Pi I•ttr .m t1f Irnr ior Interest
t nut al lmrnt loans and defwr od loans Inr rnergv t- Pr Hoorn,
t uy,r ^vnmf 111.5 in I untI InAl r n.Cupiott vn
rrf.. la .is.
mr•r•tR HI-R) critpria by reslri. 1.rnq the loans to law and ender ate
i ntrnn• luw,�ehul .tf. Nlfltin the cit.,�yM of IM,YfLYt__ ttfere are
appr n;imately People M,o would be inroaw! el tgible for
thr program il,onsehold arfa.al adi,.esled intumn nut exceeding
124,000),
The prutec:l.'s htyerfit.s tq 1hp r.c.emlwfttity are m..nifold. the low and
moderate inr_ome population benefits both from interest rates far
bel tm+ the mar Pal standard. and tilt- posi t i .e Impact of reduced
eyed
n
spare heatinq ._ests on hrnfsettold e�:penses. In addition. qY
pffi,rielfr (net,=imthde �Iim•lai., the Ioc-el a!nnnmy by providing
rip" inbs. improving the hdleing strict• Prod rndur_ing the drain Of
eelmgv dollars from lilt, "I.,Ie CCrrfomv. Filladiv. the program is
desiqued M serer that segment ref the community which e,listing
suhsidized loon prrjraws do not. reach.
The program will be administpred by thr! Energy Resource Center
(ERC). .. nal-Profit WI c t corporation operated as a
public/private partnership bclween the City of St. Paul and
Northern Status Power rrr. Ofte of the. ERC's primary obieetives is
to develop low -interest regenerali-Is CAP:fAt POOLS fors. Sieneits
efficiencyim:r•stmener in rt,sidenl.ia] s6 Pillion in
inception In 1981, the FRC has a iginated over
single family loans and 11 million in naflti-family loans.
The ERC will secure a hard dollar match of l300,(Kr0 in M(FA Nome
Impr r)vf.•mc9fl 1 om Progr am funds. These fun.ls will be used to
increase participation in the proposed loan prngraff.. In
additiat, .,se of HWA funds allows life ERC to spread start-p and
ram
oreratiOnrl costs over more units (loans), making the program
mare cast efftrtfive. Tito ERC t,f:peuts the camemfnity to assist in
marketing the program.
IMJD E1L2ML1 Of. 02 CtQZ-111rt
The program prnpnses to I,ruvide a loan pool of 0230.000 fomCI)PG
funds and 1300,000 from MfFA funds for use in a two-tier program.
Each tier axes w separate financing an'ti'•ntism to address the
targeted sectors of the IOw-irfrnme market.
Pr optic pd allor.atlon of funds r.,ver the two year loan uriginatirnr,
per i „d r
CDBO Funds
Installment Loann 01'.8,,-.',,
Appror, Imetely 46 1uens with over .,ge loan
omount of *3o')O
Drferr ed Inatrs 092.000
Arvr v>l i matel v 30 l oans wi t it aver Age l oan
amount of 534)(N!
Administrative E,:panses $20.000
TOTAL $M.000
MID) F}mall
Installment loans 0"Of 000
Approximatoly 60 loans with average loan
Amount of 1R(uut
TOTAL $300,OW
•
The principal from COBB installatent note repavment and any -
principal repavments from COBB deferred loans would he returned
to Ramsey County for reallocation. Interest rppayment would be
returned to the ERC to offset loan eervicing fees.
A. Tier One
!_ow interest inrtaileent loans far energy
conservation imW overents
Funding: 1138,000 COSO Fiord, (60% of available funds excludinq
Administrative expenses)
•300,000 l*fFA Hume Improvement loan Program
Descriptions
Thin tier targets hrn.tsrholds with adjusted dross inr.omet up to
a1 ,WO annuAlly. MOO funds will be orioinated on a first come,
flrrt tier+•e hasis at 38 annual percentage rate. Once CD86 funds
have born depleted, MHFA funds will be drawn to continue to
provide comparable servtr.os to the low income martel. CD96 funds
will be utili,rd first because they provide a more attractive
flnanciny incentive to the borrc,wer.
h
(ti d dot• l i sec+ r
UT)w Funds available at "6 attraial sim4tle d_itteresl
10 year term. no ptltralty for pr"yOMA
Ilinimum loan •amcxutr i tKrt 14w.16rtta lu..n amrn.att
i!Ki00
AppI Init hot.rselrttl ds adttr!ted gross income, not to
e•tceed 024.0t10
rlplylicanl must men•t. 40% doubt to income ratio and
have An acrelttable credit history
HD sccnr-ity regtdrett
11111-A Ftuledr. avoilatile at 3: tit 11% del•ertdant tell household
i nc overt
15 year term. no petrAl ty ftx prepayment
Max t rm tm ]Dole amount • 15, OSKr
ApplIcalif hotirphold adjusted yross income- not to
excred s24.tKN,r
Applir-ant attest Mee,. 40% debt tut Incume ratio and
have acceptable credit histary
Srctir I t y required art I nits gr eal rr than 1025M
B. tier 1trc,
Deferred loan program for energy conservation improvements
Fundingt $92.000 CDP13 funds We% of available CDPO encl,tding
admint%trative r::prnrrsl
Description:
this- tier prnvirlr+s funding felt applit"rtts little do not gt.tal if":
under the CDBO or MHFA installment Ivan programs. Hot.tsehoIcI
with hiylt ettergtt use, the treabiltiv to meet a 4tiy, debt lr income:
ratio, and/or poor credit history would be eligible for a five
yorr dr-fnrrrd loan. tite luau dues sent have In be repaid unless
the proptrty to sold within five years from file date of the loan.
Out dr.)trer:
Five year deferred note
Zero inferpst. per lfir ipal arty dur upon
transfer of property within five year dit"rr nl
per t fled
Minimum Joan smcnint II NK1) Marr t mom loan Amount 05000
Mrpl i caret ho esehnld ad iusf wt yross income not to
cxr_red 1124,�rt:r0
- Applicank cannot, tilealIfv far CDPO or MHFA
iFist alletettf. loan programe (e.g., poor credit
history, debt to intone rat in exceeds 40%, etc.)
9YO!yia3lc"
A financial ei-voInaticxt wrwild be .rvail.tbie tlitotytt an annual
fileaatrlal audit. Evaluatirnt of program rtrstilts waidd be through
s
tort Fnr•rrl f%nu..vcc• Cantrtr fMnnarl I>rptxf. ..vail.rble in Mov of .
r„rli ' al'�ndar
Ru4914
fhr+ Errf•r Uy Ri-suer ca Coil to bit II pr ovl itc• ell Inan or rI run
srrrtcer= (rligibillty anelynis, title .and r.redrt checks), sub-
rnnlr..r.lirw fen Inan sirv)t.lnq, rexxfit IlaI C, of rnnrgv mudiI:
i nformaf lrxr and technical ansielanr•r nn crnergy conservation
mrasUrrs. Nor ln•fln4 tin rcroporafltrr, wlflr the c.ommunit.v), and
preparation of legal doctrarwrts. A portion of the CUPS funds will
be used In pav I.lie ERC an .wIof ,alt(nr fir of 825'r for each loan
closed. It is expected that a total of approtti mate) y ♦19.rner in
rx fyinal irnr ►r•r••+ will ha paid to the ER[ over the or Or flat, )oil
pnri "ft. Ire AddlI Iorr, the ERC will rrcei ve rA iUir�at tun firs free
fit'-li{iFA III, nngh its panic ipat:icxr in fhrr Hume Improvement loan
Pr nor am.
Firg4 'ear Revgtr•"es
CnfrO or i of rrat i trtt Fens
111251r per Ioarr
Assumes 76 r fI9,000
c..an^
MSFA Or Iyinal iat Fees
111175 fcx firs) 10 loant. It 1, no) '
6200 for at) addt•I loans 61,000
Assumrts 60 I uarra
Total $30, 7:r4
ELL!!! Vgar Ex�irrl♦es
Staff t.osln ♦77,Or.10
Marketing ♦ 4,000
t.c•gal Fers ♦ 2.330
Servicioq Fees, t 2,400
l of a i ♦xr, 7W
file ERC tntwrds /o offset a porticrrr of Ihr Inan =ervicinq costs
over the program ►Ife by using interest generated on the CDPO
install"It Inan% and irrtwoaf Arcumtllated by the loan pool
dnrinq the two vrar' cxtolnatron period. All principal from CDPrf
aaxlies will rr:turrr Its, R.,msey County. A schedule of principal and
intrxrst repaywerits on •11A.0KI at 1% over a ten year term is
"ItIC.Sed are Attachment. A. This schedule apprcnrtmates repayment
of the IDpn w 1-rr^_r.aIIWorst loan portfolio, assuming 1CKp% '
rnwmitsryrf of fronds and a ten veer term for each loan.
4
A41>X. 13
RESOLUTIuN NO. 2012
CITY OF MOUNDS VIEW
COUNTY OF RAMSEY
STATE OF MINNESOTA
RESOLUTION at, COMMENDATION IN HONOR OF VANCOUVER'S
CENTENNIAL CELEBRATION
WHEREAS, during 1986 the City of Vancouver, the
largest city in British Columhia and the busiest port on the
Pacific Coast of North America, will be celebrating its
100th birthdav; and
WHEREAS, the City of Mounds View, Minnesota wishes to
recognize and honor the great City to the northwest on the
occasion of its centennial celebration; and
WHEREAS, aF part of its centennial celebration
„ano.nver will be holding a "Centennial Salute to North
American Cities" and is hosting Expo '86, the world's Fair
on Transportation and Communications; and
WHEREAS, during 1986 Vancouver will be visited by
people from all over the world who will witness the
important role Vancouver plays as the most important
Canadian industrial center west of Ontario and a major
contributor to the region's educational and cultural and
recreational needs.
NOW, THEREFORE„ HE IT RESOLVED that the City Council
et the City of Mcunds View commends the City of Vancouver in
honor of its centernial celebration and wishes it the
greatest of success and a prosperous future.
Adopted this 27th day of May, 1986.
ATTEST:
Mayor Linke
Councilmember Blanchard Councilmember Haake
Councilmember Hankner
Councilmember Quick
(SEAL)
Clerk -Administrator Pauley