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Memorandum <br />Date: April 2, 2007 <br />To: Charter Commission <br />From: Gordon Heitke <br />Re: Quarterly Update <br />Five Year Financial Plan <br />Activity related to updating the Five Year Financial Plan will occur in conjunction with <br />the 2008 budget preparation process, with adoption occurring in December, 2007. <br />Public Improvement Petitions <br />The City has not received any new petitions for public improvements. <br />Street Reconstruction <br />The City Council will in the near future be discussing whether to place any street <br />reconstruction projects on the ballot in November 2007. <br />