Minutes - Council - 02/26/1979 - Laserfiche WebLink

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Regular Council Page 5 February 26, 1979 Motion carried. Voting yes Mayor Gamec, Councilmen Reimann, Mickelson and Cox. Voting no None. NEW BUSINESS CLEAN UP DAY FOR THE RAMSEY JAYCEES Mayor Gamec stated the Ramsey Jaycees have tentatively set their Clean Up Day for May 19, 1979. This is planned to clean up eye sore areas of Ramsey and to benefit those who are handicapped. Their general intent is to make Ramsey more presentable to passerbys and to the residents of Ramsey. Mayor Gamec also stated they were attempting to get the Ramsey residents to become aware of this and work on attempting to get the residents to be able to use the Landfill free or a minimal fee of $.50. He also asked for the Council's approval to donate one man and a truck for the day if needed. Motion by Councilman Reimann and seconded by Councilman Mickelson to approve the request of the Ramsey Jaycees for donation of a man and City truck (if needed) for the purpose of helping the Ramsey Jaycees clean up the City of Ramsey on their Clean Up Day. Motion carried. Voting yes Councilmen Reimann, Mickelson and Cox. Voting no None. Mayor Gamec Abstained. CUB SCOUT PACK #376 PROJECT FOR CITIZENS BADGE Cut Scout Pack #376 Webelos Den #5 is asking the City what they can do to help the City with or on for their Citizens Badge. Mayor Gamec said he would contact the l~ader of this den and discuss their request with him and suggest maybe they could plant some trees for the City or maybe help with the Jaycees Clean Up Day. PROPERTY MORTGAGE REVENUE BONDS The City Attorney advised the Council that there is currently some difference of opinion as to the legality of this type of project under Chapter 474 of the State Statutes. He stated that some bonding councils in Minneapolis are of the opinion that the Statute does not permit this type of project to re- ceive the bond tax exempt status. Mr. Goodrich stated that he spoke with Briggs and Morgan the bond council on this project and was advised that should a court of law or the legislature change the law and specifically delete sub- divisions from the mortgage exempt status of Chaputer 474 the worst thing ~ ~- that could happen would be that the bonds would lost their tax exempt status. Also the attorney stated that he had called the Securities Commission of the State of Minnesota and was advised that they were in the process of obtaining an Attorney General's opinion on the question. Mr. Goodrich stated that he also called Len Kne, the City of Coon Rapids Attorney. Coon Rapids is presently in the process of adopting a similar project financing system. He was advised by Mr. Kne that Coon Rapids has no concern about the legality of the project since it will be the developers and the bond holders problem should something later arise. Mr. Kne also stated that Coon Rapids in approving the proposal is limiting the amount of individual mortgages to be issued to $70,000. It also required for approval that the developer notify each builder who had built a home in the City of Coon Rapids over the past two years of the pro- posal and that each builder be given an opportunity to get in on the project.