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<br />ARDEN HILLS CITY COUNCIL - June 9, 2008 <br /> <br />3 <br /> <br />Mayor Harpstead asked if it would be appropriate to have this item come to the Council through <br />a work session or to have Staff do some preliminary work first. He asked for clarification <br />regarding the timeline that Presbyterian Homes has. <br /> <br />Mr. Fenlon stated that because they were before the City of Arden Hills requesting a favor they <br />would defer to the schedule of the City. <br /> <br />Councilmember Holmes stated that Northwestern College was going to be coming before the <br />Council with a similar request. <br /> <br />Finance Director Susan Iverson stated that Northwestern College's request would not be <br />conduit financing and would not be issued by the City. She stated that the City would be having a <br />public hearing for Northwestern College. <br /> <br />Councilmember Grant asked for clarification regarding the limit of the City~s bank bonding and <br />the amount that Presbyterian Homes is requesting. <br /> <br />Finance Director Iverson stated that the City" s bank qualified bonding was limited to $10 <br />million per year. <br /> <br />Mr. Fenlon stated that Presbyterian Homes was requesting $4.9 million. <br /> <br />Councilmember McClung stated that it would be appropriate for Staff to do some research <br />regarding this request and bring it to the Council at a work session. <br /> <br />It was the consensus of the Council to direct Staff to research the request from Presbyterian <br />I-Iomes and bring it to the Council at a future work session. <br /> <br />Mr. Fenlon requested that the City agree to hold a public hearing and to keep in mind that there <br />would be a month wait in order to have the public hearing. <br /> <br />Mayor Harpstead closed the public inquiries/information at 7: 18 p.m. <br /> <br />3. APPROVAL OF MINUTES <br /> <br />A. Mav 19~ 2008., City Council Worksession <br /> <br />B. Mav 27 ~ 2008., City Council Re2ular Meetinf! <br /> <br />MOTION: Councilmember McClung moved and Mayor Harpstead seconded a motion to <br />approve the May 19, 2008, City Council Worksession Minutes and the May 27, <br />2008, City Council Regular Meeting Minutes as presented. The motion carried <br />unanimously (4-0). <br /> <br />4. CONSENT CALENDAR <br /> <br />A. Claims and Payroll <br />B. A Motion to Approve the Agreement Between the City of New Brighton and the <br />City of Arden Hills for Cable Services <br />