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The City Council agreed that it is best to undertake this financial analysis <br /> prior to finalizing and adopting a Five Year Financial Plan. The actual timing <br /> of completion and adoption of the Five Year Plan will be determined by the <br /> City Council. Staff expects the plan to be completed in concurrence with the <br /> annual budget process. <br /> 2) Eminent Domain: <br /> See City Clerk Bartell's memo. <br /> 3) Any new citizen's petitions submitted to the city since Charter <br /> Commission's January 2006 meeting. <br /> No petitions have been received since the charter Commission's January <br /> meeting. <br /> 4) Complete update on Road Reconstruction. <br /> In accordance with the City Charter, the proposed street reconstruction <br /> projects of West Shadow Lake Drive and the Shenandoah area can not be <br /> placed on the ballot this year. As of this time, there is no reconstruction <br /> projects planned to be placed on the ballot this November. <br />