03-23-2022 Council Minutes - Laserfiche WebLink

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MINUTES CITY COUNCIL MARCH 23, 2022 Park, so staff is proposing to increase the revenue and expenditure accounts by $6,556, and move $6,000 from Council Contingency Fund to Shade Trees Fund for the amount EAB treatment and tree removal costs that are over the Original Budget amount. Fischer introduced the following resolution and moved its adoption: RESOL UTION NO. 2022-3-45—APPROVEAMENDING THE 2021 GENERAL FUND BUDGET REVENUES BY $19,536 AND EXPENDITURES BY $25,536 TO RECOGNIZE REVENUES THA T WERE RECEIVED O VER THE ORIGINAL B UD GET AMO UNTS AND EMERAL ASH BORER EXPENSES The foregoing resolution was duly seconded by Keis. Ayes (5). Nays (0). Resolution declared adopted. 2021 TRANSFER FROM GENERAL FUND TO GENERAL CAPITAL IMPROVEMENTS FUND The Finance Director explained that per the City's Fund Balance Policy, the City will strive to maintain an unassigned minimum fund balance in the General Fund in the range 42.5% to 65% of the subsequent year's budget expenditures. She stated if the unassigned fund balance rises above the desired range; excess funds will be transferred to the General Capital Improvements Fund. She explained that the General Capital Improvements Fund is used for capital improvements including building maintenance and repairs, public works equipment, park improvements, and Emerald Ash Borer removal and replacement. She noted that currently, the primary source of funding for this fund is 80% of the Local Government Aid (LGA) funds that the City receives each year and periodic transfers from the General Fund. There is approximately $1.2 million planned in expenditures in this fund per year over the next five years. McGraw introduced the following resolution and moved its adoption: RESOL UTION NO. 2022-3-46 — APPROVE A TRANSFER FROM THE GENERAL FUND TO THE GENERAL CAPITAL IMPROVEMENTS FUND IN THE AMOUNT OF $900,000 EFFECTIVE DECEMBER 31, 2021, PER THE CITY'S FUND BALANCE POLICY The foregoing resolution was duly seconded by Fischer. Ayes (5). Nays (0). Resolution declared adopted. RECEIVE AND AWARD BIDS FOR 2022 IMPROVEMENT PROJECTS The Public Works Director reported that on March 10, 2022, the bids for the were opened for the 2022 Street Improvements Projects on Yorkton Ridge, Maple Lane & Jackson Street, Ryan Drive, and Woodlynn Avenue. He stated that OMG Midwest, Inc. was the lowest bidder with a total bid amount of $1,329,210.94. The City of Little Canada has contracted with OMG Midwest, Inc. on similar projects in the past and have found their work to be timely with good workmanship. The Public Works Director noted that approximately $150,000 is owed to the Ramsey -Washington Metro Watershed District, for the city's share of the Ryan Drive Culvert Replacement Project. This is 5