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. . . ARDEN HILLS CITY COUNCIL - SEPTEMBER 10,2001 3 Ms. Patricia Johnson, of Rose vi lIe and of Trinity Lutheran Church at Lake Johanna, asked who would be the subsequent owner. Mayor Probst responded this facility operates by Special Use P Permit. He stated the only way they could modify the property was through a public hearing process. Ms. Grain stated there were no plans to transfer ownership. She noted they used that language in case of a later transfer. She added ifthere was a transfer, it would be to another affiliated entity. She stated the language for additional housing was statutory language. She noted the idea to issue bonds was to improve the community as a whole. She added this included the twin city area and the rest of the state. She stated it fosters the development of housing, but does not mandate it be here in Arden Hills. Ms. Johnson requested that her church get notice of any future plan for expansion. She noted they should be placed on a mailing list for notices. Mayor Probst agreed. Councilmember Rem stated some proposals had been discussed. She noted the people she talked to were concerned the city was not financing some kind of expansion. Mayor Probst stated there had been some preliminary discussions by Presbyterian Homes regarding a project. He noted the city had not received a formal submission by Presbyterian Homes. He added the City did not know if the company was still actively pursuing it. He stated there would be a significant process involved for a proposal to move forward. He noted tonight's action was not related to that activity. Mr. Steve Henkel, 1882 Glenpaul, asked if the money allocated to Bloomington could later be diverted to Arden Hills. Ms. Grain responded it could not. Mr. Henkel asked about precedent. Mayor Probst responded the city had done this twice before. Mr. Post stated it was done in 1999 for 26 million. Mayor Probst stated there had been two previous examples. He noted the city incurs no cost or obligation. He added that any expenses the city did incur, even included having the public meeting, and would be reimbursed by Presbyterian Homes. Mayor Probst closed the public hearing at 8:00 p.m. Councilmember Larson asked ifthere were origination fees. Mr. Fenlon responded in over 85% of the transactions of this type he had handled, there were no origination fees. He stated the larger cities might charge a fee, but the answer would be no in general. He noted the reasoning behind that was due to the history of these fees being collected from for-profit entities. He added this is a non-profit company. He stated the benefit was for the people who live in the community. He noted the transaction was risk-less and cost-less. He noted the Council was taking time to hear from and support a non-profit company in its city. MOTION: Councilmember Grant moved and Councilmember Larson seconded a motion to approve Resolution No. 01-14. The motion carried unanimously (5-0).