07-23-2025 Council Minutes - Laserfiche WebLink

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MINUTES CITY COUNCIL J ULY 239 2025 which would allow an 8 —10 a.m. practice on Saturdays during the school year, rather than 4:30 — 6:30 p.m. He noted that he would avoid peak lake hours on the weekend. Mayor Fischer agreed that the best hours for Saturday would be in the morning. I-wapick introduced the following resolution and moved its adoption: RESOLUTION NO. 2025-7-113A— APPROVING A SPECIAL HOME OCCUPATION PERMIT TO OPERATE LAKE PHA LENR0WING CLUB AT 2612 ED GER TON S TREE T The foregoing resolution was duly seconded by Miller. Ayes (4). Nays (0). Resolution declared adopted. BENEFIT INCREASE FOR LITTLE CANADA FIRE RELIEF ASSOCIATION The Finance Director stated that the Fire Relief Association is managing the pension fund for the firefighters and presented a request to increase the pension benefit level by $155 per year pursuant to contractual provisions. He provided background information and reviewed the current benefit, requested benefit, 20% asset loss analysis, and historical benefit levels. Mayor Fischer commented on the previous process to negotiate with the Fire Department on the benefits and the decision to build the potential benefit increases into the contract. He stated that the contract has been in place for a while and has served all parties well. He recognized the work that was done by those before them to develop the contract. K wapick asked if the surplus dollars are from market investments rather than city contributions. The Finance Director provided additional information on the current benefits, which are payments from the city, state, and returns on investments. He commented that the assets can change based on distributions, such as retirements. Mayor Fischer commented that when the Fire Relief Association receives the audit back, they go to work to do the math to determine if they meet the criteria for an increase. Mayor Fischer introduced the following resolution and moved its adoption: RESOL UTION NO. 2025-7-114 — APPROVING AN INCREASE TO THE BENEFIT LEVEL FOR THE LITTLE CANADA FIRE RELIEF ASSOCIA TION B Y $155 PER YEAR PURSUANT TO ATTACHMENT A OF THE CITY CONTRACT WITH THE LCFD The foregoing resolution was duly seconded by Gutierrez. Ayes (4). Nays (0). Resolution declared adopted. 2025 QUARTER 2 FINANCIAL REPORT The Finance Director presented the 2nd Quarter Financial Report, including information on revenues by type, general fund revenue, percentage of revenue collected to budget, property tax collections, expenditures by type, percentage of expenditures to budget, general fund expenditures, and investments. He provided additional information on CIP expenditures for quarters one and two. 5