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• <br />• <br />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: <br />COUNCIL MEMBERS ABSENT : <br />STAFF MEMBERS PRESENT . <br />Mayor Sullivan, Council Members Bergeson, <br />Dahl, Neal <br />Lyden <br />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 />