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-9- <br /> Court;. July 2nd. The Finance Director ' s six month report on <br /> City investments was accepted as informational after .Councilmember <br /> Ranallo had commented that he perceived Mrs. Johnson was doing <br /> well with the investment she made in spite of decreasing interest <br /> rates. <br /> Mr. Childs reported Duane Fisher had indicated he would not be <br /> constructing the housing project which had been approved for <br /> the former Clark Station property because it appears that proposed <br /> changes in tax laws relating to such projects would no longer <br /> make such a project feasible. Mr. Soth concurred it was very likely <br /> that at least that portion of the tax bill which eliminated real <br /> estate depreciation for rental property, would be passed. <br /> The Manager identified the large payment in the verified claims <br /> which had been deferred earlier in the .meeting to be an H.R.A. <br /> reimbursement of the money the City had loaned to purchase the <br /> property for the Old Highway 8 Redevelopment Project. <br /> Motion by Councilmember Marks and seconded by Councilmember Makowske <br /> to approve payment of Check #1259 for $307 , 260.06. as listed in <br /> the June 30th verified claims (vendor correction) . <br /> Motion carried unanimously. <br /> There was an indepth discussion with Mr. Childs and Mr. Soth <br /> about the Manager ' s July 16th memorandum regarding ordinance <br /> changes related to parking automobiles and recreational vehicles; <br /> • occupancy by unrelated individuals; and businesses conducted <br /> from City homes, which the Council had requested staff investigate <br /> further, April 22nd. The Council concurred with the staff recommendation_,. <br /> that home occupations could best be handled by parking restrictions <br /> and there was- -general concurrence. that the. number of. unrelated_ <br /> persons living in a single family residence could be reduced <br /> to either two or three as long as the ordinance didn ' t prevent <br /> "extended families" , which seemed to be a common occurrence now, <br /> or interfere with City families opening their homes to foreign <br /> exchange students. <br /> Councilmember Ranallo said he could see some merit in the suggestion <br /> for limiting the number of vehicles parked in front yards but <br /> he perceived it might be beneficial to get some input from the <br /> Planning Commission before any changes _ar_.e:made .:in the -.Qrbiri-ance.. <br /> He asked Mr. Childs to see what ideas the Commission members <br /> might have along this line and suggested it might even be advisable <br /> to schedule a joint work ,sess:ibn of Planning Commission and Council <br /> members to get their recommendations for ordinance changes. <br /> The Manager agreed that the subject was directly associated with <br /> .the type of zoning questions the Commission is charged to examine <br /> for the Council and said he would make it clear to the Commissioners <br /> that they were not being asked to formulate a new ordinance but <br /> only to prow_ide -the information on- which a new ordinance could be <br /> based. <br /> • Mayor Sundland indicated he might have some problems with some of <br /> the staff recommendations but he preferred to wait to get the <br /> Commission reaction before expressing those opinions. However, the <br /> Mayor said, he agreed with Councilmember Ranallo that the <br />