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<br />COUNCIL BUSINESS <br /> <br />Case #1: <br /> <br />Consider Adoption of Ordinance Amending City Charter Chapter 8 as <br />Recommended by the Charter Commission <br /> <br />Mayor Gamec indicated this ordinance was introduced at the first City Council meeting in June. <br /> <br />City Attorney Goodrich stated Public Works Director Olson explained this ordinance thoroughly <br />at the June 13 Council meeting. A public hearing was held and there were no public comments. <br />Adoption of the ordinance has been scheduled for today, as adoption requires unanimous <br />approval of the Council. <br /> <br />Motion by Councilmember Cook, seconded by Councilmember Olson, to adopt Ordinance #06- <br />22 amending Sections 8.4.2, 8.4.3 and 8.4.4 of the City Charter. <br /> <br />Further discussion: Mayor Gamec stressed that this ordinance will affect commercial lots; it will <br />not affect residential lots. <br /> <br />A roll call vote was performed by the Recording Secretary: <br /> <br />Mayor Gamec: aye <br />Councilmember Cook: aye <br />Councilmember Elvig: aye <br />Councilmember Jeffrey: aye <br />Councilmember Olson: aye <br />Councilmember Pearson: aye <br />Councilmember Strommen: aye <br /> <br />Motion carried. <br /> <br />Case #1A: <br /> <br />Amend Purchase Agreement and Loan Agreement for the Purchase of <br />Property Located at 6745 Highway 10 NW (Anchor's Away Building) <br /> <br />City Attorney Goodrich reviewed that on April 25, Council approved a Purchase Agreement for <br />the purchase of a building located at 6745 Highway 10 NW, known as the Anchor's Away <br />Building. This is a RALF Fund purchase, and this property is in the Highway 10 official mapped <br />area. Mr. Goodrich explained subsequent to that date it was determined that the appraisal did not <br />include an amount for the personal property and equipment located in the building. A new <br />appraisal has been completed and reviewed by MnDOT with the new amount being <br />$1,749,880.00. In addition, the City's administrative costs have been determined to be <br />$15,880.00. Staff is asking to amend the previously approved purchase price from <br />$1,550,000.00 to $1,749,880.00 and to increase the administrative expenses in the loan <br />agreement to $15,880.00. <br /> <br />Special City Council / July 5, 2006 <br />Page 2 of5 <br />