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Mounds View City Council August 11, 2014 <br />Regular Meeting Page 7 <br /> <br />1. Finance Quarterly Report. <br /> <br />Finance Director Beer reviewed the second quarter finance report in detail with the Council. He <br />noted revenues were trending ahead of 2013, along with interest earnings while most <br />departments were under budget. He explained that staff would be preparing the 2015 budget in <br />the third and fourth quarter. He provided staff with insurance information on the City’s water <br />lines. He stated he would be recommending the water line insurance fee go from $6.00 to $7.50 <br />per quarter in 2015. <br /> <br />Finance Director Beer discussed a recent Finance Officers meeting he attended at Ramsey <br />County and provided comment on how market values would be shifting in the coming year. He <br />was pleased to report that residential properties were steadily on the rise. <br /> <br />Council Member Mueller thanked staff for the finance information presented. <br /> <br />City Administrator Ericson reported the City applied for the MAVA grant. He noted he would <br />be meeting with officials from Bethlehem Baptist Church to discuss options for their second half <br />donation. He stated Tim Roche with the Chamber of Commerce would be moving on to another <br />position and wished him well. The Chamber was going through a search process. <br /> <br />City Administrator Ericson stated the Apple Tree Dental facility was open for business. He <br />indicated Apple Tree has invited the City to attend a ribbon cutting ceremony on Wednesday, <br />August 27th at 4:30 p.m. <br /> <br />City Administrator Ericson invited the public to participate in the primary election on August <br />12th. <br /> <br />C. Reports of City Attorney. <br /> <br />There was nothing additional to report. <br /> <br />12. Next Council Work Session: TUESDAY, September 2, 2014, at 7:00 p.m. <br />Next Council Meeting: Monday, August 25, 2014, at 7:00 p.m. <br /> <br />13. ADJOURNMENT <br /> <br />The meeting was adjourned at 8:58 p.m. <br /> <br />Transcribed by: <br /> <br />Heidi Guenther <br />TimeSaver Off Site Secretarial, Inc.