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MINUTES <br />CITY COUNCIL <br />NOVEMBER 9, 1994 <br />Capital Improvement Fund. <br />The City Administrator reviewed the 403 Fund - <br />Minnesota State Aid. The primary source of money for <br />this fund has been recovery of past bond interest <br />through the City's municipal state aid allotment. The <br />Administrator noted the deficit projected for 1997 <br />which is due to the placement of projects against this <br />fund for illustrative purposes. <br />Next reviewed was the 408 Fund - 10% Gambling Fund. <br />The Administrator reported that the 10o Committee met <br />and their prioritization of projects is listed on page <br />il of the budget document. The Administrator reported <br />that after prioritizing the projects, the Committee <br />wanted to be sure there was enough money left in the <br />fund to deal with an ID sign at the City Center. <br />Morelan pointed out that last year the Committee <br />prioritized all of the items on the list which he felt <br />was helpful. Morelan noted that the City Council has <br />the final authority in deciding which items get funded <br />and which do not. Therefore, should the Council <br />eliminate an item from the Committee~s list, it would <br />be helpful to have the remaining requests prioritized <br />in order to consider the Committee's recommendation. <br />LaValle pointed out that because wants change from <br />year-to-year, it is difficult to prioritize items to be <br />funded beyond a year at a time. <br />Pedersen pointed out that the 10% requests are a fluid <br />thing and change as needs change. Pedersen did not <br />believe the 10% listing was a long-range planning tool. <br />Morelan felt 10% requests should be projected out 3 or <br />4 years. <br />The Administrator stated that should the City Council <br />desire long-range projections of the 10% Fund, then the <br />guidelines should be changed. The Administrator <br />pointed out that there were many changes in the <br />requests over last year. The Administrator stated that <br />the Committee prioritized the top 12 requests and <br />stopped at this point because of its comfort level with <br />the numbers. The Administrator was sure that the <br />Committee would be more than happy to get back together <br />and take another look at the requests if that is the <br />8 <br />