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Economic Development Consultant Mulrooney replied non-profits usually have difficulty <br />proving their repaying ability.: The guidelines of the SBA were followed when these guidelines <br />were established, which prohibits loans to non-profits as well. <br /> <br />Motion by Councilmember Elvig, seconded by Councilmember Olson, to adopt the February <br />2005 Revolving Loan Fund Guidelines. <br /> <br />Motion carried. Voting Yes: Mayor Gamec, Councilmembers Elvig, Olson, Cook, Pearson, and <br />Strommen. VotingNo: None. Absent: CouncilmemberJeffrey. <br /> <br />Mayor Gamec stated the Council appreciates the work of Economic Development Consultant <br />Mulrooney and Economic DevelopmentJTIF Specialist Sullivan in bringing business into the <br />community. <br /> <br />Case #14: <br /> <br />Re. ceive Citizen Petition Seeking Amendment of Chapter 8 of the City <br />Charter <br /> <br />City Attorney Goodrich indicated on April 4, 2005 ~he City Clerk received a citizen petition <br />petitioning to amend Chapter 8 of the City Charter. The petition is signed by approximately 784 <br />persons. He explained the legal procedure necessary to amend the City Charter is governed by <br />State Statute, Chapter 410. Minnesota Statute 410.12 Subd. 1 provides that amendments to a <br />Charter may be proposed by "...a petition of voters equal in number to five percent of the total <br />votes cast at the last previous state general election in the City." He explained based on the <br />numbers of the last general election in the City of November 2, 2004, the petition must be signed <br />by at least 579 qualified voters. Minnesota Statute 310. t2 Subd. 3 provides that within ten days <br />of receipt of the petition, the City Clerk shall determine whether each paper of the petition .is <br />properly attested and whether the petition is signed by a sufficient number of voters. This step <br />should be completed by April 14, 2005. Upon completion of the examination of the petition, the <br />CitY Clerk is to certify the result of the examination to the City Council. There is a specific <br />process to follow in the event City Clerk determines there are not sufficient qualified voter <br />signatures. The City Clerk's determination of sufficiency of the petition should be presented to <br />the City Council at its April 26, 2005 meeting. <br /> <br />City Attorney Goodrich indicated he is reviewing the proposed amendment for legal issues to <br />make certain its provisions are permissible under Minnesota Law such that it can be presented to <br />the voters at an election. His legal opinion on this subject will be presented no later than the <br />May 10, 2005 City Council meeting. Assuming that the City Council finds the proposed <br />amendment is legally sufficient, Minnesota Statute 410.12 Subd. 4 and Minnesota Statute 410.10 <br />Subd. 10 provide.that it is to be submitted to the qualified voters at a general or special election. <br />Because no general election is scheduled within the next six months, Ihe City is obligated to <br />schedule a special election to be held within 90 days after delivery of the petition. This means a <br />special election must be held on or before July 5, 2005. Staff will be in contact with An0ka <br />County election personnel prior to scheduling the election date in order to comply with the <br />requirements of the County's election process and the 90-day statutory requirement. Council <br />will need to schedule the actual date and staff will advise at a future meeting a recommended <br /> <br />P106 <br /> <br />City Council/April 12, 2005 <br /> Page 26 of 35 <br /> <br /> <br />