01-24-96 Council Minutes - Laserfiche WebLink

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MINUTES CITY COUNCIL JANUARY 24, 1996 purchase price. Pedersen suggested the street reconstruction and curb and gutter were more capital improvement items. Fahey asked the down-side to takinq the money from the Closed Bond Fund. The City Administrator replied that ultimately these funds will be gone. However, once bonded debt drops off in the year 2000, the City will have additional funding opportunities. The Administrator pointed out that the City still has some acquisition needs, specifically the McNamara property. While more acquisition dollars will be needed, the Administrator stated that in reality Closed Bond Funds and the Park Acquisition Fund are all money from the same pot. Scalze felt that Morelan's suggestion would be setting a precedent. The existing precedent is to pay for these types o£ costs from the Closed Bond Fund. The Administrator pointed out that the assessment for the Edgerton Water Main along Gervais Mill Park and for DeSoto Street along Pioneer Park were paid for from Capital Project Funds. Mrs. Scalze introduced the following resolution and moved its adoption: RESOLUTION NO. 96-1-29 - ACCEPTING TI-IE RECOMMENDATION OF THE ACCOUNTANT AS OUTLINED IN HER MEMO DATED JANUARY 19, 1996 TO PAY THE CITY'S PORTION OF ASSESSMENTS FOR THE JACKSON/OLD C/LAKESHORE PROJECT AND THE LAKE STREET PROJECT FROM THE CLOSED BOND FUND The foregoing resolution was duly seconded by Pedersen. Ayes (4) Scalze, Pedersen, LaValle, Fahey. Nays (1) Morelan. Resolution declared adopted. ARCHITECTURAL The City Planner reported that the Planning Commission GUIDELINES would like to begin work on drafting architectural guidelines for the remainder of the City. His firm is looking for authorization to assist the Planning Commission with this project. Fahey questioned the need to develop architectural 15