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MINUTES MARCH 16, 1998 <br /> LINO LAKES CITY COUNCIL WORK SESSION <br /> MONDAY, <br /> March 16, 1998 <br /> 6:00 p.m. <br /> COUNCIL MEMBERS PRESENT: Mayor Sullivan, Council Members Bergeson, <br /> Dahl,Neal <br /> COUNCIL MEMBERS ABSENT : Lyden <br /> STAFF MEMBERS PRESENT : City Engineer, Dave Ahrens; Acting City <br /> Administrator, Dave Pecchia; Community <br /> Development Director, Brian Wessel; <br /> Assistant to the Administrator, Dan Tesch; <br /> Parks and Recreation Director, Rick <br /> DeGardner; Community Development <br /> Assistant,Mary Alice Divine and <br /> Clerk-Treasurer Marilyn Anderson. <br /> Dave Pecchia explained that the purpose of the work session was to provide a broad <br /> overview of the City's financial status regarding several areas including the Area and <br /> Unit Fund and the potential bonding for 1998 projects. <br /> IMPROVEMENT PROJECTS,DAVE AHRENS <br /> Dave presented a brief outline of improvement projects scheduled for 1998 construction <br /> and future projects scheduled for 1999 through 2003. He also provided proposed funding <br /> sources for the projects. See Schedule"A"attached. Schedule "A"also outlines the <br /> funding sources. Kim asked what determines if funding will come from bonding, <br /> assessments, TIF etc. Brian explained that Mary Vaske is wrestling with this and it will <br /> be a financial call. Dave explained how some projects are funded through Area and Unit <br /> funds, MSA funds, assessments or shared funds. John asked if the Area and Unit Charge <br /> Fund is replenished when undeveloped areas are developed. Dave said that is how the <br /> fund grows. There will be a time when there will be very little development in Lino <br /> Lakes. Staff will have to watch and determine at what level this fund should be <br /> maintained. Dave also explained that there will be some payments to the fund for <br /> oversizing mains to handle future development. <br /> Kim asked how often does the City adjust the rate on which Area and Unit Fund Charges <br /> are based? Dave explained that the rates are adjusted every year according to the ENR <br /> index. He also explained what this index is. Kim asked if this formula was determined by <br /> statute or can the City adjust the formula. Dave explained that the Area and Unit Charge <br /> Fund was created by a resolution of the City Council. A copy of that resolution creating <br /> that fund was included in the packet. Kim asked if water towers are funded by this fund. <br /> `^ Dave said yes. Kim asked if the City will need another water tower. Dave explained that <br /> the Comprehensive Water Plan study will indicated whether another one is needed. <br /> PAGE 1 <br />