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MINUTES <br />CITY COUNCIL <br />May 30, 1990 <br />The City Administrator reported that he is addressing <br />this problem, and one solution being considered is <br />increasing the amount of developer deposits for <br />larger-scaled projects. <br />Fahey suggested that the City should have the ability <br />to put unpaid balances on property taxes, if necessary. <br />Fahey requested that this matter be placed on the <br />agenda of the next Council meeting. At that time the <br />City Attorney should be instructed to review the <br />Ordinance to determine what changes are necessary to <br />give the City the ability to assess unpaid balances <br />plus penalties. <br />The Auditor then reviewed the General Fund balances <br />which decreased by $96,500 during 1989. The Auditor <br />reported that the decrease was a result of unbudgeted <br />operating transfers to capital project funds, which <br />included a$100,000 transfer to the City Hall <br />Construction Fund. <br />Council disoussed the amounts expended from the Capital <br />Project Funds as outlined on page 23 of the Management <br />Report, and it was the concensus of the Council that <br />the City should look at ways of recouping some of these <br />monies. This relates to the issue of developer <br />deposits. <br />The City Administrator reported that the City Planner <br />has gone through charges to determine which ones may be <br />collectable. The Council will be presented in the <br />future with a recommendation as to how to proceed. <br />Fahey pointed out the potential for attorney's charges <br />to exceed recovery amounts, and suggested that the City <br />Attorney's office to advised that attorney fees should <br />not exceed more than 1/3 of recovery amounts. <br />The Auditor reviewed General Fund reserves and pointed <br />out that at the end of 1989 the City had no balances <br />that were undesignated. <br />The Auditor then reviewed Debt Service Funds as listed <br />on Page 30 of the Management Report. The Auditor <br />recommended that the City do an updated debt study <br />pointing out the need to monitor the Improvement Bonds <br />of 1985. The estimated cost for this study at this <br />time is $12,000. <br />Council discussed this recommendation and felt that the <br />update of the debt study could be postponed at this <br />Page 3 <br />