09-11-2002 Council Minutes - Laserfiche WebLink

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MINUTES CITY COUNCIL SEPTEMBER 11, 2002 Weavers reported on problems with high water levels in Lake Gervais and expressed concern for lowering the lake in those situations if the channel is not re-opened. Tolaas indicated that they would work in a requirement that the contractor re-open the channel in emergency high water situations. Weavers asked if the bridge will have a true arch. Tolaas replied that it would. Weavers expressed concern about the construction of any areas under the arch or at the bridge base that would be an attractive nuisance for children. Tolaas replied that the bridge design will not include those types of elements. Skip Skipsted, Carla Lane, asked if road limits will delay the project. Tolaas replied that contractors are aware of road limits and will have to factor that into their project planning. Skipsted stated that he was in agreement with the revised bridge design. The Council thanked Tolaas for this presentation this evening. VOUCHERS Mr. La Valle introduced the following resolution and moved its adoption: REb'OLUTION NO. 2002-9-204 -APPROVING THE VOUCHERS The foregoing resolution was duly seconded by Anderson. Ayes (5) .LaValle, Anderson, Fahey, Scalze, Montour. Nays (0). Resolution declared adopted. 2001 AUDIT Mark Gibbs, Tautges Redpath, appeared before the Council and reviewed REPORT the City's 2001 audit results. Gibbs reported that the City has received a clean opinion on its financial statements. There is still a need for an inventory of general fixed assets. This is a requirement for compliance with GASB 34, and the City is required to be in compliance for 2004. Gibbs highlighted a couple of points in the Management Report noting that revenues exceeded estimates while expenditures were below estimate. Gibbs acknowledged that this is a result of City Administrator's and Accounting Supervisor's very good job of budgeting. Gibbs also pointed out that the City's policy has been to transfer excess dollars into the General Capital Improvement Fund. Gibbs also highlighted the increase in the Capital Project Fund balance. This is due to the issuance of a $3 million tax increment bond for the Rice Street project.