City Council - 04/11/1979 - Joint Meeting 5
. Y
JOINT DEVELOPMENT COMMISSION/CITY COUNCIL
MINUTES
approved
WEDNESDAY, APRIL 11 , 1979 7:00 AM, CITY HALL
DEVELOPMENT COMMISSION MEMBERS Chairman Tim Pierce, Jerry Kingrey ,
PRESENT: Robert Moore, Don Opheim, Mike Pohlen, '
Roy Terwilliger, and Robert Hanson
CITY COUNCIL MEMBERS PRESENT: Mayor Wolfgang Penzel , Paul Redpath,
Dean Edstrom, and Sidney Pauly
CITY COUNCIL MEMBER ABSENT: Dave Osterholt
COMMISSION/COUNCIL STAFF: City Manager Roger Ulstad, Finance
Director Join Frene, and Recording
Secretary Donna Stanley
i. rr %V O AL\uAVInL UlA
MOTION: Opheim moved to approve the agenda as published, seconded by
Kingrey. Motion carried unanimously.
II. APPROVAL OF MINUTES FROM MEETING HELD WEDNESDAY, MARCH 14, 1979
MOTION: Opheim moved to approve the Minutes from meeting held March 14,
1979, seconded by Terwilliger. Motion carried, with Hanson abstaining.
III . ITEMS OF DISCUSSION
A. Industrial Revenue Bond- Funding for Home Mortgage purposes
City Manager Ulstad summarized the background of Industrial Revenue
Bond Funding.
Possible alternatives of handling the program were discussed
such as the use of a re-Development authority; and also whether
this would help fulfill the City's requirements with the Metro
Council for low and moderate housing.
Additional information was requested from the Staff on the various
approaches: Federal Housing Administration, mortgage approach or
combination of both.
The Staff was also directed to check with the Metro Council on eligibility
and housing requirements.
MOTION: Terwilliger moved to direct the Staff and Development Commission
to investigate further Industrial Bond Funding and come back to the City
Council with a recommendation. Hanson seconded , motion carried unanimously.
approved
Development Commission Minutes - 2 - April 11 , 1979
B. Other items of discussion
City Manager Ulstad summarized the status of the Eden Prairie
Foundation in response to question by Edstrom.
Pauly spoke to an upcoming meeting on transportation to be held
at the Hazeltine Golf Courseon April 20th at 11 :45.
The suggestion was made that the Chamber of Commerce be invited
to a Development Commission meeting to share their views.
IV. NEW BUSINESS
None.
V. AWOURNMEIY T -
MOTION: Terwilliger moved to adjourn at 8:30 AM, seconded by Pohlen.
Motion carried unanimously.