Minutes - 2015/04/27 - Laserfiche WebLink

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Mounds View City Council April 27, 2015 Regular Meeting Page 7 Council Member Meehlhause stated on Friday and Saturday evening Pinewood Elementary would be putting on a musical. He encouraged the public to support this local event. Mayor Flaherty explained there would be a Ribbon Cutting Ceremony for Bel Rae Senior Living on May 11th at 4:00 p.m. Mayor Flaherty reported last Thursday he went to the Capitol along with City Administrator Ericson to further discuss the sound wall. The City was now waiting to see what action would be taken by the legislature on the transportation bill. It was his hope that action would be taken in 2015 or 2016. Finance Director Beer indicated the Council had the opportunity to partner with Millennium Charter Schools to acquire property and construct a facility in Brooklyn Center. He reported this group was looking for $15 million in conduit bonding authority. He noted the City would not be responsible for the bonds, but would receive a 1% fee on the bonds. Staff questioned if the Council was interested in pursuing this partnership. The Council supported staff pursuing the conduit bonds with Millennium Charter Schools. B. Reports of Staff. 1. Five Year Financial Plan Capital Improvement Program (CIP) Finance Director Beer reviewed the five year financial plan and Capital Improvement Program with the Council. He noted this document would come before the Council at an upcoming worksession to assist with the 2016 budgeting process. Council Member Mueller questioned if the splash pad would be completed in 2015. Finance Director Beer believed this would be determined by the Council, but understood it was placed in the budget. 2. 1st Quarter Finance Report Finance Director Beer reviewed the 1st Quarter Financial Report with the Council. He explained that property taxes would not be collected until late June, which accounted for the majority of the City’s revenue. He reviewed the City’s expenditures, along with the revenues generated by the Community Center. He discussed the capital projects planned for 2015. Finance Director Beer provided comment on the upgrades needed for the City’s cable equipment. He indicated that Vanessa was addressing this item and would be reporting back to the Council in the near future. He stated that all utility funds were trending below budget for the 1st Quarter. He believed that LGA would be safe for 2015 and 2016 due to the State’s financial surplus. City Administrator Ericson stated last week he met with area City Managers within the North Suburban Communications Commission. This was the group’s first meeting and the CenturyLink proposal was discussed.