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1 <br />2 <br />3 <br />4 <br />5 <br />6 <br />7 <br />8 <br />9 <br />10 <br />11 <br />12 <br />13 <br />14 <br />15 <br />16 <br />17 <br />18 <br />19 <br />20 <br />21 <br />22 <br />23 <br />24 <br />25 <br />26 <br />27 <br />28 <br />29 <br />30 <br />31 <br />32 <br />33 <br />34 <br />35 <br />36 <br />37 <br />38 <br />39 <br />40 <br />41 <br />42 <br />43 <br />44 <br />45 <br />CITY COUNCIL SPECIAL WORK SESSION <br />APPROVED <br />DATE <br />TIME STARTED <br />TIME ENDED <br />MEMBERS PRESENT <br />MEMBERS ABSENT <br />CITY OF LINO LAKES <br />MINUTES <br />September 26, 2016 <br />: September 26, 2016 <br />. 6:00 p.m. <br />. 6:28 p.m. <br />: Council Member Rafferty, Kusterman, <br />Maher, Manthey and Mayor Reinert <br />: None <br />Staff members present: City Administrator Jeff Karlson; Public Safety Director Swenson; <br />Community Development Director Grochala; Finance Director Sarah Cotton; City Clerk <br />Julie Bartell. <br />1. 2017 Budget and Tax Levy — Finance Director Cotton noted the updated budget <br />documents included in the packet. She noted the Gap Analysis and how staff proposes to <br />continue seeking reductions in the amount of $26,000. She noted a flat tax capacity rate <br />of 45.985 percent. <br />There were no questions from the council. <br />2. Review Regular Agenda — <br />Finance Department — Finance Director Cotton reviewed her requests to the council. <br />Item 2Ai relates to issuance of bonds for the Aqua Lane project. <br />Items 2Aii and 2Aiii are refunding actions. Council Member Kusterman confirmed that <br />this is the appropriate time to move on refunding and that staff is monitoring other bonds <br />for the best opportunity. He also asked if the city could borrow from itself for these costs <br />and Ms. Cotton said it isn't allowed and the city does practice that as able. Council <br />Member Kusterman asked that staff provide the actual statute language that governs the <br />practice. <br />Items 2B through 2G — All relating to the 2017 Preliminary budget, were reviewed. <br />A memorandum was distributed regarding Item 2D through Item 2G, all relating to the <br />cancelation of debt service for bond indebtedness because adequate resources are <br />available to make payment of the ensuing year debt service. <br />Item 6A — Connnunity Development Director Grochala reviewed the three actions items, <br />all relating to the Clearwater Creek Business Park project. There will be continuing <br />discussion on the color of the building. There are trucks hauling out there, working on <br />the grading for a couple weeks yet. <br />1 <br />