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I I. I I I I I I I .. I I I I I . I I- I ARDEN HILLS CITY COUNCIL - AUGUST 14, 1995 2 Mr. Fritsinger reiterated that the City is not obligated to pay any of the expenses for the issuance of the Bond. The Bond is backed only by the revenue of the project, and the City would not be responsible for any outstanding debts should a future default occur. Mr. Fritsinger noted, if the Council should adopt Resolution 95-56, it is anticipated that a resolution for fina1 approval will be placed on the August 28, 1995 Council meeting. Mayor Probst invited the public to comment, hearing no comment he closed the Public Hearing at 7:35 p.m. MOTION: Hicks moved and Aplikowski seconded a motion to adopt Resolution 95-56, Giving Preliminary Approval to the IssUlUlce of Revenue Bonds. The motion carried unanimously (5-0). Mayor Probst, noting item number four of the agenda has been published for 8:00 p.m., so the Council would move on the next item of the agenda and return to item four at 8:00 p.m. APPROVAL OF COUNCIL MINUTES July 20, 1995 Work Session: No corrections July 31, 1995 Corrections: Page 5, the vote for the first motion should be Motion carried. (2-1 with Mayor Probst onposedt Page 7, paragraph proceeding the motion: strike "...the reason why the loading bays had been removed" and replace with "...how services in loadinl! would be handled with the removal ofbavs nreviouslv shown. Page 9, paragraph one, and also in the last paragraph:"injector" should be "ejector" Page 9, paragraph third from the bottom: "...60 foot width and without the tree" changed to "...60 foot width. with or without the tree. " Page 9, paragraph second from the bottom: strike the "it was clear" and replace with "that" and add after" ...negotiate a com,promise at this meetinl!.."