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2/11/63 47 <br />MANAGER AND FINANCE DIRECTOR AUTHORIZED TO GO TO NEW YORK IN ATTEMPT TO <br />SECURE 9 MORE FAVORABLE RATING FOR SCHOOL DISTRICT. Finance Director alen <br />reports tat a and Mr. Hyde have been asked by School officials to <br />accampany them on a trip to the New York in an effort to secure a more <br />favorable rating for the School District in preparation for forthcoming <br />bond sale. VanValkenburg's motion,'authorizing expenditures for this <br />trip, was seconded by MacMillan and carried. <br />The agenda's having been covered, Tupa moved for adjournment, Motion <br />seconded by MacMillan and carried, AMPurnment at 9:45 P.M, <br />- Village Clerk <br />MINUTES OF THE SPECIAL MEETING OF THE EDINA <br />VILLAGE COUNCIL, HELD SATURDAY, FEBRUARY 23, <br />1963, AT 1:00 P.M., IN THE EDINA VILLAGE HALL <br />Special "Meeting was convened at 1:00 P.M., Saturday, February 23, 1963, in <br />the Village Hall, pursuant to action taken by the Council February 110 the <br />only matter before the Council being consideration and action on the <br />proposed Uniform Gas Franchise. <br />Qj Members answering Rollcall were MacMillan, Rixe, Tupa, VanValkenbuxg and <br />r-1 Bredesen. <br />Mayor Bredesen opened the meeting by Mating he could not be at the meeting <br />of the Suburban Gas Agency, held February 21, and asking Council If those who <br />did attend had any additional questions to put before the Minneapolis Gas <br />Company. Members MacMillan and VanValkenburg reported on meeting, MacMillan <br />saying it had answered some things about which he had been in doubt. <br />Saying he had not had time to pursue further the matter of reproduction costs <br />and methods of determining depreciation, beyond previous discussions on these <br />matters, Mr. Bredesen told Council he finds; from a personal standpoint, <br />that he is now paying no more, proportionately, than he did twenty years <br />ago for his gas service; and perhaps less, in proportion to increase in <br />costs of other services --and for that reason is wondering whether the Council <br />is not unduly concerned about this formula; that, assuming the Gas Company <br />is operated by prudent, honest businessmen, he believes there is no reason <br />to believe they would increase the cost of-gas beyond cost increases of <br />other items. Also, that while 20 -years is a long time, the three -year re- <br />opening clause requested by some of the Council would probably result in a <br />higher cost than that now contemplated, because of the higher financing <br />cost to the Gas Company; and that he feels this Council should approve the <br />franchise-as developed by the Suburban Gas Agency, <br />Trustee Rixe, saying it is well known that he has taken a negative stand on <br />the proposed franchise, asked for this opportunity to correct some misunder- <br />standings; that, in the first place, he would like to go on record as not <br />being in favor of state regulation; that, secondly, he has tried to talk <br />with many people concerning the matter of this franchise --- anybody and every- <br />body he felt could be helpful - -and has tried to eliminate pre - conceived <br />prejudices on both sides and to make up his own mind, He added he has <br />probably been at an advantage in some respects, coming into this picture <br />fairly late, because he has not been influenced by the heartaches and <br />frustrations which have gone into preparing this contract. Mr. Rixe stated <br />that Reproduction Cost is the item which concerns him most; that, on the <br />basis of Original Cost versus Reproduction Cost, the gas consumer could pay <br />some $15,000,000 excess over the next 20 years. He asked for one thing -- <br />that the consumer be given some kind of protection for the extremes that <br />none of those now considering this franchise can measure. He added that if <br />the consumer could have some kind of limit of affect on reproduction cost, <br />or some kind of protection that rates will not become unreasonable, he <br />would feel better about the contract. Mr. Rixe said that in his opinion <br />there is no doubt but that the franchise contains some damaging features for <br />the consumer, and for that reason is not acceptable. He added he feels that <br />much has been accomplished by unanimity of efforts of suburbs working together <br />for common cause, and hopes that his remarks have in no way detracted from, <br />nor jeopardized this accomplishment. <br />