12/09/2002 Council Minutes - Laserfiche WebLink

Home Search

APPROVED COUNCIL MINUTES DECEMBER 9, 2002 .1 12th Avenue/Holly Drive Phase #3 2 Water Treatment Plant/Storage 3 CSAH #23/I -35W Interchange 4 Surface Water Management 5 6 Finance Director Rolek advised that as the projects are scheduled farther out, they are more subject to 7 change. He presented a bar graph depicting financing sources for the 2003-2007 Road and Utility 8 Projects and stated if restrictions are placed on these resources, it would impact the timeliness of the 9 project. 10 11 Finance Director Rolek presented the 2003-2007 Park and Trail Projects which he noted were greatly 12 impacted due to the defeat of the 2002 Referendum. He explained that all park and trail 13 improvements are being financed through the Dedicated Park Fund, park and trail improvements have 14 been scaled back due to the lack of funding and maintenance costs, and if funding becomes available 15 then additional park and trail improvements will be initiated. He stated the following projects are 16 slated as follows: 2003 -Clearwater Creek Park Development and Highland Meadows Park 17 Development; 2003 -2004 -Unidentified Park and Trail Improvements; and, 2005 -2007 -Unidentified 18 Park and Trail Improvements. 19 20 Finance Director Rolek presented the 2003-2007 Vehicle and Equipment Replacement Program and 21 explained that the City is trying to even out the replacement program to provide an even funding 22 stream for vehicle and equipment purchases. Prior to 2002, all equipment replacement was •23 undertaken through debt certificates but that debt is gradually being phased out so by 2006 and 2007 24 the funds are levied instead of issuing debts to replace equipment. That will reduce the cost of 25 funding since there is no interest and it is estimated that $70,000 to $80,000 will be saved annually by 26 financing in that way. Finance Director Rolek presented bar graphs depicting debt certificates and 27 equipment levies and the total levy. 28 29 Finance Director Rolek advised that the Five -Year Financial Plan will be reviewed and revised 30 annually and annual budgets will supercede this Plan. He explained that the Five -Year Financial Plan 31 is for forecasting purposes only and is subject to change as conditions dictate. He emphasized that it 32 is not a budget. 33 34 Councilmember Dahl stated she talked with Community Development Director Grochala last week 35 about the Holly Drive and 12th Avenue project, which has been delayed for twelve years. She stated 36 she did not understand this was to be a phased project and has questions about the area included in the 37 first phase since 12th Avenue and Holly Drive past Gemini Estates is about seven years new with 38 sewer and water installed below. She stated that section of pavement is very nice and does not need 39 upkeep. However, past Gemini Estates to Ash Street is a dangerous area and constantly needs 40 upkeep. She asked why that section was not included in the first phase. She stated this was part of 41 the plat, when approved, and she thinks the City should make good on their agreement. She stated 42 she thinks the most dangerous part of the road should be included in the first phase. 43 �44 Mayor Bergeson stated the Council has not completed the discussion on expenditures from MSA 45 funds and this sequence in the Plan is a fairly old sequence and may not actually be followed for these 6