11-09-94 Council Workshop Minutes

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MINUTE5 CITY COUNCIL NOVE:MBER 9, 1994 balances. Morelan pointed out that it is anticipated that the City will receive $25,000 in 10% money in 1995. Morelan stated that he did not want to spend that money until the City has it in hand. The City Administrator replied that items lower on the list will be held on abeyance until the City has the dollars if that becomes an issue. LaValle asked the timetable for Item #1, Warning Lights on Little Canada/Centerville Roads. The Chief felt that these lights could be installed in the winter. The Administrator reviewed the 412 Fund, Fire Department Capital Equipment Replacement Fund. It was pointed out that the Fire Department plans to repay the entire loan of $125,000 to the City during 1994. The Administrator stated that it may be possible to eliminate this fund in the future unless the Fire Department would wish to designate dollars there on an on-going basis. The Administrator reviewed 456 Fund, Park Land Acquisition Fund. The revenue source for this fund is park dedication fees. The Administrator pointed out that the Park & Recreation Commission is evaluating future acquisition needs which could tap this source of money. He also noted that revenues for this fund are difficult to project. Morelan felt that if there were surplus funds after acquisition needs are met, these dollars should be used to pay assessments for improvements along City park land. 458 Fund, Street Overlay, was reviewed. The Administrator recommended the combination of this fund with others to form one infrastructure fund. The Administrator pointed out that some MSA allotments are shown in this fund beginning in 1994 since the City can take 25% of these allotments for maintenance use. Part of that allocation is shown in the General Fund as well. The Administrator also noted that project costs are dependent on what the City Council does with the l0