04-05-2010 Council Minutes - Laserfiche WebLink

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CITY COUNCIL WORK SESSION April 5, 2010 APPROVED 134 that information to the Planning and Zoning Board for a public hearing and consideration 135 in May. 136 137 4. 2010 Budget— 1st Quarter Review -—Finance Director Rolek reviewed the 138 written report noting that the first quarter of the year is normally less active. Much 139 revenue information is not yet available but historically this year looks better than last. 140 On expenditures, they are pretty typical and are spread throughout the year. Mr. Rolek 141 does not see any"red flags"that should cause concern for the council at this point. 142 The council continues to be interested in doing an organization-wide evaluation, most 143 likely with the assistance of a consultant. It is important to recognize there are 144 challenges ahead,to plan for them and to make sure the city is in a good position. 145 146 The responses to Council Member O'Donnell's budget suggestions were included in the 147 written information given to the council. They were identified as mainly 2011 ideas and 148 it was recommended that they be held for future budget discussions. 149 150 5. Refunding of G.O. Improvement& Utility Bonds, Series 2004A-—Finance 151 Director Rolek explained that staff is recommending that the refunding of these bonds is 152 appropriate at this time because there will be adequate costs savings achieved. The 153 refunding proposal has been put together by Springsted, Inc. and is explained in the staff 154 report. This item will appear on Monday evening's council agenda. 155 156 Regular Agenda Items -The council reviewed the agenda for the upcoming council 157 meeting on Monday,April 12. There were no changes to the agenda 158 159 The meeting was adjourned at 9:30 p.m. 160 161 These minutes were considered, corrected and approved at the regular Council meeting held on 162 April 26, 2010. 163 164 165 • 166 167 Julianne B 11, City Cler i ert, ayor 168 4