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, 11 Mounds View City CouncilMarch 12, 1990 Regular Meeting P Page Two Mr. Brager reviewed the type of insurance coverage the City carries and the cost to the City. He also re- viewed the activities of the Finance Department for the last quarter, in which the budget was finalized, preparation was begun for year end financial statements, and assistance was provided in the utility rate study. In the upcoming quarter, the Department will assist the auditors, work with the employee relations committee, and work on the renewal of the City's health benefit plan and insurance plan. Fred Christensen, representing the Minnesota Govern- ment Financial Officers Association, presented a certificate of achievement for excellence in financial reporting to Mayor Hankner and Mr. Brager, stating this is the first time Mounds View has received the award, which is a professional achievement that everyone can be proud of. The award is for the year ending December 1988. City Engineer/Public Works Director Minetor reviewed the fourth quarter activities of the building, streets, garage, water and sewer departments, comparing 1988 statistics to 1989. He also reviewed time utilization figures and overtime, and reviewed the projects planned for the, first quarter. • Public Works Foreman Ulrich reviewed the procedure followed during the snowfall last Thursday, and how the decisions were arrived at. He noted all work was done within the 24 hour snow removal policy. Mayor Hankner closed the regular meeting and opened 6. Public Hearing: the public hearing at 7:26 PM. Modification of Development Clerk/Administrator Pauley explained the issue before District No. 2 the Council relates to modification to Tax Increment and Tax Incre- Financing District No. 1 and Development District No. ment Financing 2. The City has previously provided tax increment District No. 1 financing assistance to Everest Development for phases 1 and 2 of their developments in Mounds View, and they are now proposing phase 3 and requesting tax increment financing assistance. The Council has received a report from Staff concerning redevelopment needs in the City. Staff has compiled a list of suggested redevelopment projects, which are correct under the guidelines. Clerk/Administrator Pauley reviewed the proposed modifications, both to the map and to the budget. A