2004_0823_Packet - Laserfiche WebLink

Home

City Council Regular Meeting — 08/09/04 DRAFT Minutes - Page 19 Revenue Bonds; • Consideration will be given to the use of Special Assessments; • Consideration will be given to reducing the contingency fund with a maximum reduction not to exceed one percent (1%); • Consideration will be given to a minimal reduction in City administrative fees, but only after a detailed review of city-incurred costs as a result of the proj ect; • Consideration will be given to approaching the State of Minnesota regarding funding for off-site improvements to the County Road C exit off of I- 35W; • Consideration will be given to the use of a hazardous substance sub-district, supported by Revenue Bonds as a sole source of funding; • Consideration will not be given to the use of any City funds as loans to the project (identified as Gap Strategy #11); and • Consideration will be given to the availability and use of Environmental Remediation grants. Mr. Casserly clarified that the motion maker's intent was that the City would not hold a Revenue Note, but that they were not opposed to someone else in the market place holding that note. Councilmember Maschka concurred with Mr. Casserly's interpretation. Councilmember Ihlan reiterated her opposition to committing additional costs for consulting fees without public comment. Councilmember Ihlan adamantly urged the City Council to schedule a public hearing immediately prior to consideration of any additional financial aspects of this project. Councilmember Kough concurred with Councilmember Ihlan.