Laserfiche WebLink
<br />J <br /> <br />Council Meeting Minutes <br />August 26, 1986 <br /> <br />r <br /> <br />Consent Agenda, continued <br /> <br />5. CONSIDERATION OF FOOD AND BEER LICENSE. <br /> <br />6. CONSIDERATION OF RESOLUTION AND REPORT TO CHANGE 1986 SPECIAL <br />ASSESSMENTS HEARING DATE. <br /> <br />5 Ayes - 0 Nayes, Motion Carried <br /> <br />Council Business <br /> <br />Sinda stated Mark Houge, Harstad Companies, asked that consider- <br />ation of a two-story office building be continued to the next <br />meeting. <br /> <br />Motion by Benke, seconded by Williams, to CONTINUE CONSIDERATION <br />OF SITE PLAN APPROVAL (LP-200) FOR A TWO-STORY OFFICE BUILDING <br />FOR HARSTAD COMPANIES TO THE SEPTEMBER 9, 1986, COUNCIL MEETING. <br /> <br />I <br /> <br />5 Ayes - 0 Nayes, Motion Carried <br /> <br />Following an explanation of its purpose, Rick Poston, Chairperson <br />of the Financial Policy Advisory Board, reviewed the staff report <br />and the Board's study of the Water and Sewer Services. <br /> <br />Benke indicated he was concerned with the water contamination <br />debt funding and asked, if we change, how we are going to come up <br />with additional funds, noting the only alternatives would be to <br />borrow from other resources, from reserves or, to levy additional <br />debt. <br /> <br />& <br /> <br />Poston noted that, for the existing problem, the proposal is <br />that it may be appropriate for council to designate the Closed <br />Bond Fund as a source of funds to cover the interim period until <br />the litigation is settled; and stated it may be an appropriate <br />source of financing, should the litigation not go in the city's <br />favor. Poston further stated that if there was such borrowing <br />from the Closed Bond Fund, then, if the litigation goes in the <br />city's favor, it could also be repaid. <br /> <br />Benke stated the desirability of that option relates to the <br />major unknown (the timespan we have to deal with, which could be <br />a few months or a period of several more years, if not decades). <br />Benke further stated he would like to hear more from Congress <br />before the city discusses whether or not they wish to change that <br />part of the program. <br /> <br />Page Two <br /> <br />Food and Beer <br />License: St. John's <br />Report 86-192 <br /> <br />1986 Special Assess- <br />ments Hearing Date <br />Report 86-193 <br />Resolution 86-85 <br /> <br />Council Business <br /> <br />LP-200: Harstad <br />Companies <br />Report 86-182 <br /> <br />Report: Water and <br />Sewer Services <br />Report 86-194 <br />