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MINUTES <br />CITY COUNCIL <br />DECEMBER 12, 1990 <br />for park development or park equipment. Additional <br />development in these areas will be dependent on outside <br />donations, which would be at no cost to the taxpayers. <br />Fahey pointed out that the $69,000 increase in the <br />Sheriff's contract is more than the total levy increase <br />proposed for 1991. Fahey again pointed out the study <br />the City did on alternatives for police protection <br />which resulted in determining that Ramsey County was <br />the best value for the City. Fahey pointed out that <br />the City is trying to hold the line in every other area <br />to keep costs down. <br />The Administrator agreed, and pointed out that issues <br />that the City will be looking at during 1991 is control <br />of insurance costs as well as consultant costs. The <br />Administrator pointed out that the City's philosophy is <br />because something is budgeted for does not mean the <br />City will spend it. <br />The Administrator reported that in 1990 the City lost <br />$26,901 in local government aids because of Legislative <br />actions. The State has certified to the City that it <br />will receive $138,518 in local government aids during <br />1991. Aowever, the City cannot be sure that due to the <br />financial condition of the State these aids will not be <br />cut further. <br />Fahey pointed out that since 1989 the City has lost <br />over $200,000 in local government aids. Blesener <br />agreed and reviewed the three separate actions of the <br />Legislature which resulted in the decreases. <br />The Administrator also pointed out that the City is <br />budgeting for lower permit fees in the Building <br />Department as well as projecting lower interest <br />earnings because rates have fallen and the City may <br />have less balances to work with. <br />The Administrator reviewed the City's Bonded <br />Indebtedness position pointing out scheduled 1990 and <br />1991 payments and the respective levies. Additional <br />funds to meet the payments are generated from special <br />assessments, interest earnings, and projected fees. <br />The Administrator also reported that the City is <br />undertaking a debt study and it could be possible that <br />some of the debt could be restructured over its <br />remaining life. It is hoped that the study will result <br />in major savings to taxpayers in years to come since <br />principle could be paid sooner and lower interest rates <br />could be realized. The Administrator estimated that he <br />would have this information ready for the Council by <br />its next meeting. <br />Page 4 <br />