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MOUNDS VIEW CITY COUNCIL January 26, 1981 <br />Regular Meeting Page Nine <br />agreed the contract should contain language <br />allowing for the re- negotiation of the budget <br />and the cities' annual payments should their <br />expenses exceed their revenues during their <br />fiscal year. No guarantees would be made that <br />these payments would be increased but it would <br />give them an opportunity to seek additional <br />funds. Also, the administrators agreed a <br />contingency fund should be created which would <br />be maintained at the $20,000 level through <br />budget surpluses, miscellaneous income, and <br />if necessary, additional levies to the cities. <br />(Mounds View's contribution would be $6,000 <br />established in the 1982 budget). <br />(The Council concurred that they supported <br />Administrator Pauley's direction in this <br />matter). Councilmember Doty stated that <br />he did not concur with the $20,000 contin- <br />gency clause as outlined. <br />MOTION: Doty made a motion, seconded by <br />Forslund, to adjourn the January 26, 1981 <br />meeting. <br />Ayes -5 <br />Nays -0 MOTION CARRIED. <br />Meeting adjourned at 10:12 p.m. <br />Rasp- tfully submit <br />18. ADJOURNMENT <br />/ret <br />AO <br />D. . Paule ao-Airrdr <br />Clerk- Administrato <br />