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DRAFT <br />B. Monthly Operating Report: <br />Mayor Johnston requested clarification of the Fiscal Disparities line item in the Report <br />and the 2006 Comprehensive Plan Old Village design costs line item in the Report. <br />Finance Director Bouthilet said Fiscal Disparities are a Metro commercial tax capacity <br />redistribution law, where commercial tax capacity (and, therefore, ad valorem tax <br />revenues) is by legislatively mandated formula moved into a Metro "Pool" from cities <br />with large commercial tax capacity increases, and redistributed from the pool to other <br />Metro cities with little or zero commercial tax capacity increase. Lake Elmo gains a little <br />annual revenue from the Fiscal Disparities Pool annually, which is reflected in the line <br />item noted by Mayor Johnston. <br />Finance Director Bouthilet advised that the Village Area Planner expenditures need to be <br />recoded out of the Planning Department budget and into the Village Area Planning Fund. <br />M/S/P Johnson/Conlin— to accept the July 2006 Monthly <br />(Motion passed 5-0) <br />C. Resolution No. 2006-080: Partial Pa n <br />Phase HI. Riley Brothers Construction, <br />M/S/P Smith/Johnson— to adopt Resolution No. <br />No. 5, Water Interconnect Project Phase III, to l <br />amount of $178, 642.75. (Motion passed 5-0) <br />D. Resolution No. 20QLM <br />Water Main Park Construction: <br />M/S/P Smith/Johnson — to adopt <br />No. 1, Tablyn Park/Lake Elmo <br />of $627,532.95. (Motion paced <br />horizing Partial Payment <br />Construction, in the <br />6-81, authorizing Partial Payment <br />to Park Construction, in the amount <br />E. Resolution No,,2006-082: °Avard Bid for 2006 Overlays: <br />M/S/P Smith/Johnsoii to adqpt Resolution No. 2006-082, awarding bid to Valley <br />Paving, Inc., in th ' amount of $208,318'.00. (Motion passed 5-0) <br />5. FINANCE None <br />6. NEW BUSINESS: <br />7. MAINTENANCE/PARIMRE/BUILDING: <br />A. Buildine Dent Update• Jim McNamara <br />Building Official McNamara reported that new residential starts were slow. He reminded <br />the audience that heating systems should be checked and repaired prior to winter. Wood <br />burning fireplaces and chimneys should also be inspected and cleaned if necessary. <br />B. Fire Dept Update- Chief Malmquist <br />Fire Chief Malmquist informed Council that the Dept. visited three neighborhoods on <br />National Night Out. He also thanked everyone for supporting the Pancake Breakfast <br />during Huff n'Puff days. Please remember that new members are always welcome and <br />needed <br />LAKE ELMO CITY COUNCIL MINUTES DRAFT AUGUST 15, 2006 <br />