Laserfiche WebLink
5 <br /> Mr . Soth pointed out that because Evergreen was now proposing <br /> a bond issue , legal and feasibility studies would have to be <br /> started from scratch. Council Member Ranal.lo questioned how <br /> the City would be paid for those expenses if such new studies <br /> were undertaken and the project did not then go forward . <br /> Council Member Enrooth voiced some concern that Evergreen <br /> might be blaming Dorsey and Whitney for the language they <br /> found unacceptable in the documents , and pointed out that as <br /> long as Dorsey and Whitney was drafting the documents they <br /> would naturally attempt to protect the City. He further - <br /> commented that it was neither his nor the Council ' s intention <br /> to kill the project . He reminded the Evergreen <br /> representatives that the Council had found the project <br /> acceptable as originally structured, and encouraged the <br /> attorneys for all parties to draft language to make the <br /> project both saleable and tax exempt . <br /> Brief discussion was had about the effects of a delay in the <br /> project , after which Mayor Sundland suggested that Evergreen <br /> obtain their legal opinion on the matter and submit it to the <br /> Council . He reiterated that expenses incurred to date must <br /> be paid before further expenses were incurred if a new <br /> approach to the project was to be undertaken. i?r . Hoium <br /> indicated that he expected an opinion to be forthcoming <br /> within the next few days , at least regarding the tax exempt <br /> status of the notes . <br /> ACTION ITEMS <br /> Resolution 89-015 <br /> Motion by Makowske, seconded by Enrooth, to pass Resolution <br /> 189-015 in support the candidacy of Clarence Ranallo as League <br /> of Minnesota Cities Vice President . <br /> Aye: Enrooth, I•iarks , Makowske , Sundland . <br /> Abstention : Ranallo . <br /> Motion carried. <br /> Resolution 89-016 <br /> Acting City Manager VanderHeyden distributed copies of the <br /> Apache Lease agreement to Council Members . <br /> Mr . Soth commented that requested changes in the lease had <br /> been made with the exception of 90 days ' free rent . The <br /> final terms are free base rent for 90 days but operating <br />