03-19-02 CCM - Laserfiche WebLink

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M/S/P Siedow/Dunn — to direct staff to prepare the documentation to refinance the GO Temporary Improvements Bonds in the amount of $340,000 through the remaining term of the special assessment, as presented at March 19, 2002 meeting. (Motion passed 5-0). Water System Improvements The operating revenue for the water systems has not covered operating expenses and needs to be corrected. Water rates will be discussed at a different meeting. Council member Armstrong stated the City at large has never paid for Old Village water. Finance Director Berg explained the tax abatement, as adopted was to fund Old Village streetscapes and water improvements. The City cannot raise rates high enough to retire this debt based on experience. City Engineer Prew explained the comprehensive plan shows we need more storage in the Old Village for fire protection. Planner Dillerud added the Council always assumed that bonds would be sold back in 1999. Each year the City assumed rates would increase by 3% and WAC charges by 3% and did not occur. Planner Dillerud indicated the Council could consider capping Well No. 3 and delay the pump house and reservoir improvement and continue to purchase water from Oakdale. Mayor Hunt asked if we could assess the benefiting property owners. Staff questions the benefit to property owners. Finance Director Berg stated she could run numbers showing deletion of the 1 million by capping well no. 3. Mayor Hunt said Mary could write Oakdale saying the City is looking at options by requesting a multi year contract for water purchase. Council member Siedow didn't like going for a multi year contract. M/S/P Siedow/Dunn -- to consider three options, 1. Continue all water system improvements 2. Finish drilling well no. 3, cap it, and purchase water from Oakdale or 3. Look at tying the Lake Elmo and Oakdale systems together with comparison in two weeks at an April 9 special meeting session. (Motion passed 5-0.) Street Improvement Projects. Linders will make payments for the 15`1' Street Special Assessment on June 15 and October 15. Linders claimed they have been classified Green Acres since 1990's. Finance Director Berg stated that the City's share of 15t" street, of approximately $120,000 needs to be paid back to the Infrastructure Reserve fund. MSA Funding Finance Director Berg explained the City committed $82,000 of the construction allocation for 50tt' St. and Eagle Point Blvd for 15 years. If we don't want to bond, with allocation of this year, we could handle Eagle Point Blvd Phase II in-house. There is $75,000 for an overlay for Hill Trail. Council member Dunn stated this is another reason why we should not take back CSAH17. Administrator Kueffner received a 5 year CIP for the comp plan in the amount of $900,000, and wanted to know what happened in just a few months. This will be brought back in two weeks. Mary, Public Works Director and Tom Prew will review and place priorities of what streets can be patched/overlayed. LAKE ELMO CITY COUNCIL MINUTES MARCH 19, 2002