Minutes - 1974/01/28 - Laserfiche WebLink

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4- MSP (Neisen Baumgartner) To accept the 1973 financial statement from the Administrator and to authorize its publication in abbreviated form. MSP (Pickar Hodges) To adopt Resolution No. 623 authorizing needed engineering and technical services from the Minnesota Department of Highways. Administrator Zylla acknowledged receipt of notification from Northern States Power Company informing the City of a community wide 15 percent electric rate increase effective March 19th and an approximate six percent gas rate increase, and an increase in street lighting and municipal water pumping rates. Administrator Zylla noted that the community will be required before July 1, 1975 to develop a municipal shoreland ordinance as stringent as a model State ordinance which is being developed. Administrator Zylla reported that in 1973 our fiscal agent did a study on bond debt assessments and our tax levy. Two assumptions that were made in the study were that reinvestment earnings would earn five percent and unit charges would total $57,500.00. Administrator Zylla reported that unit charges for 1972 -73 totaled $29,000.00, interest received over the estimate in 1973 totaled $9,161.00, and that together with interest received in 1972 over estimate and the fact that all of the investments now are earning anywhere from 6 to 8 percent, that it is no longer necessary to deposit the unit charges collected directly into the Improve- ment Bond Fund. Rather it would be more advisable to continue to collect the unit charges and water hookup charges and deposit the money directly into the utility fund in order to postpone any future utility rate increases. MSP (Pickar Hodges) To accept the recommendation of the Administrator and effective January 1, 1974, to deposit all water hookup and unit charges to the utility funds rather than to the bond funds. MSP (Baumgartner Johnson) To authorize the City to issue single vision safety lenses and frames to all employees that want to wear them provided, however, that no examination cost be paid by the municipality and that any employee wanting bi- focals or tri- focals pay any additional cost. MSP (Pickar Baumgarter) To authorize the Administrator to change health insurance carriers if he finds that more than 50 percent of the employees want to terminate health insurance coverage with Metropolitan Life effective February 1, 1974. An employee election for health coverage is scheduled for Tuesday, January 29th. Mayor Neisen announced the schedule for the Mounds View Appreciation Dinner. Social Hour 5:45 6:45 P.M. Dinner 6:45 7:45 P.M. Program 7:45 8:45 P.M. Dancing 8:45 1 :00 A.M. Councilman Baumgartner's Report Councilman Baumgartner read the Planning Commission minutes of January 23, 1974. 5 Ayes 5 Ayes 5 Ayes