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--- Minutes of Regular Council Meeting October 15, 1984 . Page four - 24-hour emergency service will be offered; - animal house call service for elderly and handi- capped will be provided; - wIll provide services for a pound for Arden Hills If desired. Routhe said he Is working with a very critical deadlIne, October 20th; asked Councl I to adopt a resolution giving preliminary approval of IRB financing, and schedule a public hearing. Bond Counsel Mark Jarboe, Dorsey and Whitney, was Introduced to Councl I. Jarboe explained that, If Councl I determines to proceed, Dorsey & Whitney wi II prepare and fl Ie the Appllca~lon forms-for approval of the project, as well as the supporting materials and the form of resolution to be considered by the CIty Councl I after the public hearing Is held. . In review of the proposed Notice of HearIng and Resolutions (attachments to Jarboe's letter of 10/12/84), Jarboe was asked If this request meets all the criteria to apply for IRB financing. Jarboe explained that there Is a limit on the amount to be Issued; reported that all unused amounts are put In a competitive pool - If you meet crlteria, you get points; highest number of points gets the financing. Jarboe was asked his Judgement on whether this appli- cation will be successful. Jarboe said this is a new procedure - It Is difficult to know; noted the financing is geared to the Central City; feels ,it is hard to tell If it has a.chance. Jarboe said he believes Routhe will get his money back, if he loses In the lottery (10% of the $400,000>. Hicks moved that Council adopt Resolution No. 84-42, RESOLUTION RELATING TO A PROJECT UNDER THE MUNICIPAL INDUSTRIAL DEVELOPMENT ACT: GIVING PRELIMINARY APPROVAL TO THE PROJECT AND THE ISSUANCE OF REVENUE BONDS TO FINANCE THE PROJECT, AND CALLING FOR A PUBLIC HEARING THEREON. Mulcahy seconded the motion and the mctlon carried (Hicks, Mulcahy, Rauenhorst, Hansen voting In favor of the motion; Woodburn voting In opposition.) (4-1) Hicks said he feels the Council should put in place a set of criteria for IRB financing; noted the City has nothing In place now; suggested this be considered at the November 5th study meet- Ing. McNlesh was requested to provide Council with material previously under consideration by Council re IRB financing. Status Report - Park Dedication McClunr's 3rd Addition Council was referred to McNlesh \s memo 10/12/84). McNlesh explained that Mr. McClung has requested that the cash portion of the McClung 3rd Addition park dedication not be tied to recording of the plat. Mr. McClung presented copies of his park dedication calculations to Council: Path = 654 SF Park = 13,404 SF Park and Path = 14,058 SF = .3227 acres /dI,%~Total acres In plat .6078 , -.3227 Ac land dedication .2851 Ac cash dedica'tlon . McClung explained that he ls not a builder; sells lots to be built upon by purchaser; explained that he does need to know the amount of his cash park dedication, prior to sale of lots, but wants to record the plat now. Rauenhorst moved, seconded by Hicks, to allow the recording of the plat, requiring resolution of park dedication prior to Issuance of building permits. Motion carried unanimously. (5-0) (Mulcahy left the meeting at 10:05 p.m.)