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MINUTES <br />CITY COUNCIL <br />OCTOBER 14, 1992 <br />JACKSON The City Administrator reported that he has been <br />HEIGHTS negotiating the development agreement for Jackson <br />DEVELOPMENT Heights. As part of those negotiations, it is the <br />AGREEMENT request of the developer that in exchange for the new <br />street from LaBore Road up to the project site, and the <br />sewer and water connections that will be provided to <br />three properties outside the project area, the City <br />contribute $2,000 toward these improvements. The City <br />Administrator recommended approval of this request <br />feeling it is fair based on what the City's costs would <br />be to assess such improvements, and the benefit being <br />received. <br />Mr. Blesener introduced the following resolution and <br />moved its adoption: <br />RESOLUTION NO. 92-5-357 - APPROVING THE CITY'S <br />PARTICIPATION IN THE COST OF IMPROVEMENT OF JACKSON <br />STREET, AS WELL AS SANITARY SEWER AND WATER, FROM <br />LABORE ROAD TO THE JACKSON HEIGHTS PROJECT AT A COST OF <br />$2,000 <br />The foregoing resolution was duly seconded by LaValle. <br />Ayes (5) Blesener, LaValle, Hanson, Collova, Scalze. <br />Nays (0). Resolution declared adopted. <br />FIRE The City Administrator reported that the Little Canada <br />DEPARTMENT Fire Department has taken delivery on a new truck. In <br />TRUCK 1990 the Fire Department approached the City about <br />PURCHASE planning for the purchase of a new truck to be funded <br /> with proceeds from their charitable gambling operation <br /> as well as proceeds from the sale of a 1970 pumper <br /> truck. Since there was a lead time of 1 1/2 years from <br /> ordering to delivery of the truck, the truck was <br /> ordered. Since that time, charitable gambling revenues <br /> have declined. <br />The Administrator reported that total cost of the truck <br />was $374,936. The Fire Department has made payments of <br />almost $250,000 on the truck, and the anticipated <br />shortfall is approximately $125,000. The Administrator <br />reported that meetings have been held with the Fire <br />Department to review the options. The first would be <br />to borrow money from the bank and pay the loan back <br />with future charitable gambling proceeds. The problem <br />is that the loan would be at a higher interest rate <br />than the City or Department could earn on their money. <br />The second option would be for the City to make a loan <br />to the Fire Department from excess Fire Station <br />building funds. However, it was determined that this <br />would be a complicated transaction due to the <br />legalities involved. The third option would be for the <br />Page 6 <br />