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MINUTES <br />CITY COUNCIL <br />DECEMBER 12, 1990 <br />A resident asked the City's total bonded indebtedness. <br />The Administrator replied that the City's bonded <br />indebtedness is slightly under $8 1/2 million. This <br />includes special assessment debt as well as Tax <br />Increment Financing debt. <br />George was concerned that some of the figures, City <br />Attorney for example, were not actual figures. <br />Fahey pointed out that the City Attorney's contract for <br />1991 has not yet been negotiated. The City has used <br />its best information possible in putting together the <br />1991 Budget. Fahey did not feel the levy could be <br />reduced, since the budget is very tight. Fahey felt <br />that a reduction would be poor planning on the City's <br />part and pointed out that any surpluses would go into <br />the City's contingency fund. <br />Quirin asked how the City Center addition was being <br />financed. <br />The City Administrator replied that the City Center <br />addition is being financed with funds on hand and there <br />will be no bonding necessary for the cost of the <br />addition. <br />Quirin asked the City's plans for the old Fire Station. <br />Fahey reported that the City has surveyed various <br />organizations within the City regarding the future <br />status of the old Fire Station, and all have indicated <br />an interest in using the building. The City has <br />budgeted $8,000 for maintenance costs for the building <br />during 1991. Fahey stated that for the short-term, at <br />least, the building will be retained. <br />Blesener explained that the City Center addition was <br />necessary because of lack of office space and <br />conference rooms. The remodeling was necessary for the <br />day-to-day functioning of the City Center. Blesener <br />also explained the need that some organizations have <br />expressed for storage space at the old Fire Station. <br />George commented on the City's paying 100% of employee <br />benefits. <br />Fahey reported that the Administrator's recommendation <br />is to pay 100% of health benefits in 1991 with a cap on <br />costs at that point. As health coverage costs increase <br />after 1991, it has been recommended that City employees <br />be asked to contribute towards these costs. However, <br />Page 10 <br />