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• <br />AGENDA ITEM 1 E <br />STAFF ORIGINATOR Gordon Heitke <br />City Administrator <br />MEETING DATE December 17, 2007 <br />TOPIC Consideration of Resolution 07 -212 Extending the Adoption <br />Date for the 2008 -2012 Five Year Financial Plan <br />VOTE REQUIRED Simple Majority <br />BACKGROUND <br />In 2006, the council adopted a general timeline for the preparation, <br />submission and adoption of the City's Five Year Financial Plan. The timeline calls for <br />adoption of the plan by the end of December. <br />The council is in the process of reviewing the 2008 -2012 Five Year Financial Plan and has <br />indicated that an additional month is needed to complete the process. <br />Resolution No. 07 -212 extends the adoption date for the plan. <br />OPTIONS <br />1. Adopt Resolution No. 07 -212. <br />2. Reject Resolution No. 07 -212 <br />RECOMMENDATION <br />Option No. 1 <br />