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MINUTES <br />CITY COUNCIL <br />May 30, 1990 <br />The Auditor then proceeded to review in detail the <br />Capital Project Funds report. <br />Under the State Aid Roads section of the report, the <br />Auditor informed the Council that he would be <br />submitting a special report on this subject at a later <br />date. <br />In continuing his review of Capital Project Funds, the <br />Auditor pointed out that there is a surplus of <br />approximately $14,000 in funds that were donated to the <br />City for the Little Canada School improvements. <br />Scalze indicated that she would inform the charities of <br />this surplus requesting authorization to place the <br />money in the City's Park Fund. <br />The Auditor reviewed Tax Increment #1 - Thunder Bay, <br />and it was pointed out that at its next meeting, the <br />Council would be presented with a plan amendment to <br />enlarge the district so that excess funds could be used <br />towards the cost of reconstruction of Payne Avenue. <br />The Council discussed the fund deficits for Assessable <br />Interim Construction Fund as outlined on page 21 of the <br />Capital Project Funds report. Concern was expressed <br />with the amount of engineering, legal and fiscal fees <br />for small projects with the Council commenting that <br />they need to keep these costs in mind when ordering <br />small projects in the future. <br />It was noted that the Council will formally adopt the <br />Annual Financial Report and the Auditor's <br />recommendations at its June 13th meeting. <br />There being no further business, the workshop was <br />adjourned at 8:40 P.M. <br />~ ~~_. !~~'`~~~ <br />i~el I. F~hey, Mayor <br />, i~ <br />) <br />Attest: ~ r~ ,,~' ~ i„o.~.~~~ <br />~Joel~R. Aanson, City Administrator <br />Page 5 <br />