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<br />Council Meeting Minutes <br />October 8, 1985 <br /> <br />15. <br /> <br />CONSIDERATION OF SPECIFICATIONS FOR CAB AND CHASSIS FOR NEW CITY <br />SNOWPLOW. <br /> <br />6. <br /> <br />CONSIDERATION OF CERTIFYING DELINQUENT UTILITY BILLS. <br /> <br />7. <br /> <br />CONSIDERATION OF FINAL PAYMENT ON CONTRACT FOR LIFT STATION #7 <br /> <br />8. <br /> <br />CONSIDERATION OF RESOLUTION CANCELLING THE DEFERMENT FOR THE ST. <br />MARY'S PROPERTY. <br /> <br />4 Ayes - 0 Nayes, Motion Carried <br /> <br />I <br /> <br />Council Business <br /> <br />Motion by Harcus, seconded by Janecek, to AUTHORIZE THE MAYOR AND THE <br />CITY MANAGER TO EXECUTE A CONTRACT FOR PRIVATE DEVELOPMENT BY AND <br />BETWEEN THE CITY OF NEW BRIGHTON AND WELSH COMPANIES, INC. <br /> <br />4 Ayes - 0 Nayes, Motion Carried <br /> <br />Sinda introduced Rick Poston, Chairman of the Financial Policy Advisory <br />Board, who updated council generally on the proposed resolution. <br /> <br />I <br /> <br />Harcus expressed concern with the level of assistance with relationship <br />to the project. Poston feels level of assistance is more applicable to <br />Tax Increment Financing; with respect to how an application is to be pre- <br />sented does not specifically address the level of assistance from the <br />city. <br /> <br />Harcus mentioned that the city looks closely at TIF because it comes from <br />. the city's funds. Poston responded that the general philosophy was <br />that the city should evaluate each project on its merits and accept or <br />reject on the basis of whether or not it was submitted appropriately <br />with all the supporting documentation and on the quality of the project. <br /> <br />Schmidt stated the proposed resolution meets the first level of inquiry for <br />the purpose of qualifying an applicant for Industrial Revenue Bonds; the <br />second level would be the caps on IRS's and the establishment of the <br />City's criteria for competition; the third level would be pUblic <br />participation in the project through the combination of Industrial Revenue <br />Bonds and Tax Increment Financing. Schmidt stated further that, as gov- <br />ernmental regulations change, this City is going to have to be flexible <br />and adapt its criteria. <br /> <br />Page Two <br /> <br />Specifica- <br />tions - City <br />Snowplow <br />Report 85-285 <br /> <br />Delinquent <br />utility bills <br />Report 85-286 <br />Res. 85-112 <br /> <br />Lift Station #7 <br />Final Pymt. <br />Report 85-287 <br /> <br />St. Mary's - <br />Cance 11 i ng <br />Deferment <br />Report 85-288 <br />Res. 85-113 <br /> <br />Council <br />Business <br /> <br />Welsh Companies <br />Contract for <br />Private Develop <br />Report 85-289 <br /> <br />IRS and Tax-Exemp~ <br />Mortgage Finane <br />ing <br />Report 85-290 <br />Res. 85-114 <br />