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<br />. <br /> <br />~ <br /> <br />. <br /> <br />ARDEN HILLS SPECIAL CITY COUNCIL - JANUARY 20. 1998 <br /> <br />2 <br /> <br />that if the Gateway Business District (GBD) project continued to experience delays, the <br />possibility existed that the City would need to have their bond rating recertified, <br /> <br />MOTION: <br /> <br />Councilmember Malone moved and Councilmember Aplikowski seconded a <br />motion to authorize the City Administrator to notify the developer that if, due to <br />continuing delays in property transaction closings and executing the necessary <br />documents the City needed to recertify their bond rating, Welsh Development <br />Corporation LLC would be responsible for any additional costs for this <br />recertification, The motion carried unanimously (4-0), <br /> <br />ADJOURN <br />With no further business to be transacted, Acting Mayor Hicks adjourned the meeting at 4:55 <br />f <br />p,m, // <br />"/ /., <br />,/'./ <br /> <br /> <br />// <br />,/ <br /> <br />r5e~f1is Probst <br />Mayor <br /> <br />B"n- <br /> <br /> <br />City Administrator <br />