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MINUTES <br />CITY COUNCIL <br />NOVEMBER 20, 2017 <br />suggested giving an extension to the next Council meeting on December <br />20, 2017. The City Administrator stated that he needs a signed <br />development agreement, a copy of any construction contracts involving <br />"required improvements", a letter of credit, and demolition permit. He <br />noted that they must be submitted to him by December 15. <br />Montour introduced the following resolution and moved its adoption: <br />RESOL UTION NO. 2017-11-216 APPROVING AN EXTENSION TO <br />DECEMBER 20, 2017 SUBJECT TO THE CITYADMINISTRA TOR <br />RECEIVING ALL NEEDED DELIVERABLES BY DECEMBER 15, <br />2017, AND IF NOT RECEIVED BY THAT DATE, THE EXTENSION <br />APPROVAL WILL LAPSE. <br />The foregoing resolution was duly seconded by McGraw. <br />Ayes (5). <br />Nays (0). Resolution declared adopted. <br />2018 BUDGET The City Administrator reported that the staff report shows a number of <br />DISCUSSION modifications that staff made in order to reduce the budget further due to a <br />revenue mistake that was caught (double counting of Sheriff's contract <br />revenues). These changes reduced the deficit to $51,000. He reviewed <br />other suggestions to help offset the deficit that included increasing <br />employees health insurance cost share; transferring $5,000 additional <br />dollars from the Cable T.V. Fund; dedicating some of the projected 2017 <br />surplus to the 2018 budget; transfer funds from the Refuse/Recycling Fund <br />to offset all or a portion of the deficit to allow us to phase out the deficit <br />over time; using Local Government Aid to offset the amount (not <br />recommended by staff). <br />The City Administrator explained that the Cable TV Fund currently <br />transfers $30,000 into the General Fund on an annual basis. Montour <br />stated that the City will still continue to receive revenue from the franchise <br />fee agreement. <br />Fischer stated that he suggests using the recycling fund since there is <br />currently a balance of almost $200,000, and only about $125,000 needs to <br />remain in that fund to pay the monthly refuse bills. He suggested taking <br />$10,000415,000 for the next couple of years. The Finance Director stated <br />that we had stopped transferring dollars out of this fiend to cover staff <br />costs over the last few years since it had a negative balance five years ago, <br />and Staff wanted to let the fiund build up again. The City Administrator <br />stated that this fund receives revenue from administrative costs that are <br />built into all refuse bills. <br />M <br />