01/13/2003 Council Minutes - Laserfiche WebLink

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• • • COUNCIL MINUTES JANUARY 13, 2003 APPROVED OPEN MIKE No one was present for Open Mike. FINANCE DEPARTMENT REPORT, AL ROLEK Consideration Resolution No. 03-09 Approving the Five -Year Financial Plan, Al Rolek — Finance Director Rolek advised that the Lino Lakes City Charter Section 7.05 requires the annual preparation of a Five -Year Financial Plan. He noted this plan has been reviewed by the City Council at several work sessions, and a public hearing was held on December 9, 2002. The City Council now needs to take final action on the Five -Year Financial Plan for 2003-2007. Staff recommends the Council approve Resolution No. 03-09 adopting the Five -Year Financial Plan for 2003-2007. Councilmember Carlson asked if the plan is figured including 2001 forward, what would the increase be. Finance Director Rolek stated that would be a six-year period and the increase would be about 47%. Councilmember Carlson reviewed a section on Page 15, the 2004 Street Reconstruction Project that may need to be put on a referendum. She reviewed the streets that are included and stated that roads, sewer, and water for Hookah Street north of Birch was also discussed. She asked if, looking at the estimated project cost, that amount is only for the area of Hookah Street and Arrowhead Drive. Finance Director Rolek stated he assumes that is correct since that is how it was presented in the plan. Councilmember Carlson noted it could make a significant increase to add more. Finance Director Rolek stated that is correct. Community Development Director Grochala stated if you look back in the table included at the end of the document, the streets actually comprised in that number are listed. He stated that through the planning process and neighborhood meetings it is possible that staff could be informed of other roads in those general vicinities that need to be added. So, the potential exists to add more and the estimates are based on extrapolated figures from a 1996 report from BRW. Councilmember Carlson stated that the cost could be at least doubled by adding West Shadow Lake Drive. Community Development Director Grochala stated that West Shadow Lake Drive is included as a separate project in 2005. Councilmember Carlson asked when a survey will be done to find out what amount the citizens will support in road reconstruction. Finance Director Rolek stated he assumes all of the preparations will be made, data assembled, and neighborhood meetings held when the costs will be presented. Mayor Bergeson stated that should be an action initiated by the Council. 2