06/04/2007 Council Minutes - Laserfiche WebLink

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• • • CITY COUNCIL WORK SESSION June 4, 2007 APPROVED 1 Mr. Shardlow noted that the process has pulled in many good people and the panel has 2 evolved into an excellent working group. The Council will receive regular updates as the 3 process continues. 4 5 Community Development Director Grochala added that there will be further work on 6 goals and actions and how best to use tools. 7 8 Council comments included: 9 high growth and high taxes are community concerns that don't appear to be 10 addressed in the plan; it was clarified that the Metropolitan Council is 11 recommending three units per acre. 12 the athletic complex was voted down solidly so it would seem the citizens have 13 already said "no" on that matter; 14 - the Council will get the last look at the document; 15 conservation development is a result of the last comp plan update process and 16 that's been very positive for the city and the 147 limit has been a tool to bring 17 about that type of development; 18 - regarding development, the City has offered incentives and at some point the 19 momentum is there and the incentives shouldn't be needed; 20 - the completed plan should be reviewed by the Council on a regular basis (the 21 consultant suggested building that requirement into the plan); 22 23 AUDIT REPORT 24 25 Finance Director Rolek, and Darwin Viker and Brock Geyen of Larson, Allen, Weishair 26 & Company presented the 2006 Annual Financial Report and the accompanying auditor's 27 reports. 28 29 Mr. Geyen gave a comprehensive review of the financial report and auditor's comments. 30 Fund balance was reviewed with a comparison to past years balance; the auditor 31 suggested that fund balance is at an appropriate level. Mr. Geyen reviewed internal 32 control over financial reports, compliance under the laws of the State of Minnesota, 33 reasonable national auditing requirements, accounting policies and estimates, proposed 34 audit adjustments, involvement of city management and other accountants. 35 36 The report will be submitted for the Certificate of Achievement for Excellence in 37 Financial Reporting. 38 39 PURCHASE AGREEMENT — ANDERSON BUILDERS 40 41 Economic Development Coordinator Mary Alice Divine introduced Dave Anderson and 42 Greg Anderson of Anderson Builders, noting that they entered an agreement with the City 43 in January of 2007 allowing a period of time to investigate the development potential of 44 three acres of city -owned land on Lake Drive north of 77th Street. They are seeking a