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• CITY COUNCIL WORK SESSION DECEMBER 15, 2004 APPROVED 1 agree to an exception to the policy of a leave of absence longer than one year. Chief 2 Pecchia advised he and City Administrator Heitke are recommending the request be 3 granted. 4 5 Chief Pecchia advised it is staff's intention to replace Officer Hager should this leave be 6 granted. The department would reincorporate Officer Hager back into the department 7 when he returns, given a vacancy exists. Officer Hager understands however, there are 8 no guarantees. 9 10 This item will appear on the regular Council agenda Monday, December 20, 2004, 6:00 11 p.m. 12 13 FUND TRANSFERS, AL ROLEK 14 15 Finance Director Rolek advised there are four items (items 1B through 1 E) on the consent 16 agenda that are routine fund transfers from the Area and Unit Fund to the 1996A G.O. 17 Improvement Bond Debt Service Fund. 18 19 Finance Director Rolek advised Item 1F, Authorizing the Closing of 1996A Improvement 20 Bonds Debt Service is also on the consent agenda. The City established the 1996A 21 Improvement Bonds Debt Service Fund (Fund 314) to account for debt service payments 22 on the G.O. Improvement Bonds Series 1996A. The G.O. Improvement Bonds Series 23 1996A have been refinanced with the G.O. Improvement and Refunding Bonds, Series 24 2003A. The final payment has been made on the original bond issue and no further 25 activity is anticipated in these funds. 26 27 Finance Director Rolek stated it is standard accounting practice to close refunded debt 28 service funds to the new debt service fund of the refunding issue in accordance with 29 generally accepted accounting principals. In this case, the Improvement and Refunding 30 Bond 2003A Debt Service Fund is the appropriate fund into which this debt service fund 31 should be closed. Therefore, staff is recommending that the City Council adopt 32 Resolution 04 —188, authorizing the closing of this fund and the residual equity transfer 33 resulting from the closure. 34 35 Finance Director Rolek advised in 1997 and 1998 the City Council approved 36 improvement projects and awarded contracts for the realignment of Otter Lake Road and 37 Service Road, Lakes Addition Street and Utilities, Lake Drive Trunk Utilities, Apollo 38 Drive Phase III and 21' Avenue Utilities. The improvement projects have since been 39 completed and contracts have been finalized. 40 41 Finance Director Rolek stated funding for these projects was to have come from a variety 42 of sources including bonds, general property taxes, Anoka County, transfers from the 43 Area and Unit Fund and the Stormwater Management Fund, and future special 44 assessments. However, the transfers from the Area and Unit Fund and the Stormwater 45 Management Fund for these projects have not been made to date. 46 47 Finance Director Rolek stated that during the course of planning and final approval of the 48 projects, there were changes in project scope and other factors, such as easement