HomeMy WebLinkAbout1973 12-13 Maplewood Investment Program Called Unique Maplewood Rezone Plan Change Procedure Proposed DISPATCH4 (e:) ST. PAUL DISPATCH' Thurs.,Dec. 13,'73 ,
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zoneMa lewood Investment a:•
Plan. Change
Prog.ram Called UProcedure Proposed
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An investment p r o, a means by which the Miller argued-that the A mammoth 48 step Representatives of the
;ram called "unique to village can keep all of its council and village ad- rezone and comprehen- planning commission
he midwestern area" checking account bal- ministration have a re- sive plan change proce- have been invited to the
vas approved last week ances in e x c e s s of sponsibility to the citi- dure has-been proposed council's meeting Dec.
7 Maplewood's Village $150,000 invested." zens to "save them as in Maplewood. 20 to explain "why it's so
The program will be much money as possi- But the village council complicated."
And Village Manager h a n d l e d by Eastern ble."
fickle! Miller said that Heights- State Bank, St. suggested last week that
the council action had Paul. maybe it was unwieldy.
"If a local bank ean• •
een taken two years "For some time the provide this (similar in- ' "I'm concerned about
go, Maplewood would (village) staff has been 'v e s t m e n t program), the number of public
e at least $24,000 richer attempting to develop a fine, wecan go over to hearings," Mayor Les
day. more efficient and pro- them."he said. Axdahl said, "and the
"The program," Mill- ductive investment pro- Miller said the.new in- pro b I em of keeping
• explained, "provides gram,"Miller reported. track of all of it."
"Our present deposito- est the approvalment o
l a
of te vis The steps include four
ry (First State Bank of lage's auditor and attor- hearings.
St. Paul) expressed no
interest in develo in neY' "This will tend to con-
such a program,"p heButI don't see our •fuse the people," Axdahl
auditor's comment as asserted, "as much as it
added. "Therefore, the b e i n g - enthusiastic," protects their rights."
staff turned to othercouncilman Don Wiegert The proposal was ad-
sources." noted.
The plan was devel- Finance director Asir vanced by the planning
oped after about six worth disagreed. commission with a rec-
months of negotiations "I think they are (en- ommenadcouncil adopt
that the
between Finance Direc it. •
thusiastic),"_—he s a i d. "If people are •-con-
tor Don Ashworth and "They feel this could be fused now," councilman
bank officials,he said. quite a (financial) John, Greavu comment-
Miller also indicated
oon.' - ed, "wait until they see
he will recommend in b
January that the council "I don't think I've ever this."
s e e n an enthusiastic Meanwhile, the council
designate Eastern
Heights State Bank as auditor," Manager Mill- followed M a y o r_ Axd-
the village's new deposi- interjected. ahl's advice.
tory. He also reported that "We should ask for a
Councilman H a r a 1'd communities on t h e modified procedure,"
Haugan.said he may be eastern and western sea- the mayor said, "that al-
a little reluctant to do boards have used ,simi- lows for protections, yet
that. lar i n v e s t m e n t pro- one that's not so cum-
"We've got s e v e r a l grams for years. bersome."
banks coming into Ma-
plewood," he- comment-
ed. "I feel obligated,- if
all things are equal, that
we place our funds in a
Maplewood bank."