HomeMy WebLinkAbout12/11/2006 Council Minutes•
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CITY COUNCIL WORK SESSION
APPROVED
DATE
TIME STARTED
TIME ENDED
MEMBERS PRESENT
MEMBERS ABSENT
CITY OF LINO LAKES
MINUTES
DECEMBER 11, 2006
: December 11, 2006
. 7:15 p.m.
. 8:00 p.m.
: Councilmember Carlson, O'Donnell,
Reinert, Stoltz and Mayor Bergeson
: None
Staff members present: City Administrator, Gordon Heitke; Community Development
Director, Mike Grochala; Finance Director, Al Rolek; and Chief of Police, Dave Pecchia
FIVE YEAR FINANCIAL PLAN
Finance Director Rolek distributed and reviewed information relating to the draft Five
Year Financial Plan. The information included the original scenario that the Plan was
based on at a 7% growth factor and another scenario that assumed an 81/2-10% growth
factor in years four and five of the Plan.
Finance Director Rolek also reviewed the net tax capacity calculations for each scenario.
He noted both scenarios are based on assumptions. All needs would be reassessed and
the Plan would be revised on an annual basis.
Council directed staff to draft a resolution outlining a yearly update for the Plan by a
specified date to be determined by the Finance Director. Council also directed staff to
include both scenarios within the Plan for approval.
This item will appear on the regular Council agenda Monday, December 18, 2006, 6:30
p.m.
The meeting was adjourned at 8:00 p.m.
These minutes were considered, corrected and approved at the regular Council meeting held on
December 18, 2006.
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Ju i. e Bartell,
Transcribed by:
Kim Points
TimeSaver Off Site Secretarial, Inc.
John Bergeson, Mayor