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. , . Minutes of Special Council Meeting Thursday, November 8, 1984 - 8:00 p.m. Page Seven community unselfishly. It is precisely these stronger personal attributes that have made Dr. Routhe successful in the past and will ensure his success in the future. The community of Arden Hills should pride itself in acquiring Dr. Routhe as a veterinarian who maintains a strict philosophy of honesty and fairness, and I believe Dr. Routhe would be an asset to this community. (name inaudible) - a resident of Shoreview for four years and have taken animals to Dr. Routhe for years; Dr. Routhe is excellent; said when she tried to encourage friends to take their pets to Dr. Routhe, they said no - they like Dr. Rich (Routhe); asked why other vets are afraid of him. . Brad Lembergf 1401 Skiles Lane said he is ,a consulting engineer; said he does not eel it appropriate for a vet.on County Road E; has calculated the building will cost about $83 SF; fails to see how the project is viable. Pat (inaudible) ~ said a lot of people have need for Dr. Routhe's services; sees no problem with the re-use of the site for this use; feels Dr. Routhe is one of the best vets she has been to in her life. Bob Carlson - said we are talking about revenue bonds; should not let our emotions get involved. The question is is there a need. Jean Lemberq - said she wants to make it clear that she has nothing to do with animal hospitals; is not a veterinarian. I'm a private citizen in Arden Hills speaking against the project. I'm expressing my opinion. After determining there were no further comments or questions. the public hearing was closed at 9:20 p.m. In discussion, Routhe was asked why he did not receive private financing. Routhe said prime was at 14%, making it not affordable. Routhe said the site fits his needs; asking price is very high; no way to negotiate the price - equipment alone is $40,000 - $60,000; (an expensive building and property); he pursued private financing and had to close the project down. Routhe said there is a need and it is affordable with IRB financing. Council reviewed the fees for which Dr. Routhe would be liable, if Council approves the Resolution. It was noted that it is the general concensus of Council that the City's administrative fee would be 1%, but not less than $5000 for IRB financing. Dr. Routhe has agreed to this fee. It was noted that the veterinary clinic project has been approved, whether IRBs or privately financed. The question before us now is whether to approve Industrial Revenue Bonds. Mulcahy moved, seconded by Hicks, that Council adopt Resolution No. 84-46, RESOLUTION RECITING A PROPOSAL FOR A COMMERCIAL FACILITIES DEVELOPMENT PROJECT GIVING PRELIMINARY APPROVAL TO THE PROJECT PURSUANT TO THE MINNESOTA MUNICIPAL INDUSTRIAL DEVELOPMENT ACT AUTHORIZING THE SUBMISSION OF AN APPLICATlfrN FOR APPROVAL OF THE PROJECT TO THE ENERGY AND ECONOMIC DEVELOPMENT AUTHORITY OF THE STATE . OF MINNESOTA AND AUTHORIZING THE PREPARATION OF NECESSARY DOCUMENTS AND MATERIALS IN CONNECTION WITH THE PROJECT. with the further condition that an Administrative fee L~ payable to the City in the amount of $4000, that the States refundable fee of $4000. paid to the City, be returned to Dr. Route and in addition. to assure that the City do'esn't suffer any out of pocket loss as a result of considering the application. that a refundable fee of $10,000 be paid to the City in respect to the project. Hicks moved to amend the motion that the Administrative fee be $5000 instead of $4000. Amendment was seconded by Mulcahy. Motion on the amendment carried unanimously (5-0). Woodburn said his general feeling follows what was said in the St. Paul Pioneer Press/Dispatch editorial a few years ago. basically, it is that the taxpayers of the nation pay for these and it benefits a small segment of one society, not necessarily only the bond recipient, at the expense generally of the tax payers. I can amplify that; there are three ways at least that that occurs. but <' --------