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Mounds View City Council April 25, 2005 <br />Regular Meeting Page 14 <br /> <br />along the corridor. 1 <br /> 2 <br />Council Member Gunn stated that she is in favor of this for the safety reasons. 3 <br /> 4 <br />Council Member Flaherty stated that he is also in favor of the project and asked if there is any 5 <br />opportunity available to get additional funds from the County to pay for this. 6 <br /> 7 <br />Public Works Director Lee stated that he did discuss the costs with the County and found that the 8 <br />City funds the project. 9 <br /> 10 <br />Mayor Marty referenced page five of the Bonestroo memo noting that it states that their fee 11 <br />would be reduced if Ramsey County were able to provide personnel to assist in the project. He 12 <br />asked if Ramsey County could help with the inspection. He stated that in the funding section, 13 <br />second paragraph, it states that County/State Highway 10 is a State aid highway, which is where 14 <br />State aid funds could be used. He stated that the approval process could take up to four weeks 15 <br />and that according to Bonestroo it would be cheaper and more efficient if the City does it. He 16 <br />asked if this would cut into the MSA funds. 17 <br /> 18 <br />Public Works Director Lee stated that they would be using MSA funds and there is a cost 19 <br />associated to it. He indicated that to go through their requirement process would require more 20 <br />work from Bonestroo and it would be at an additional cost. 21 <br /> 22 <br />Mayor Marty asked if there would be any ramifications or conditions if they were to ask Ramsey 23 <br />County to help with inspection. 24 <br /> 25 <br />Public Works Director Lee stated that he did discuss the possibilities with Ramsey County and 26 <br />they have agreed to help with inspections. He stated that the agreements should be updated to 27 <br />include maintenance of the EBP System. 28 <br /> 29 <br />MOTION/SECOND. Gunn/Thomas. To approve Resolution 6502 Ordering the Emergency 30 <br />Vehicle Preemption (EVP) Installation Project 31 <br /> 32 <br /> Ayes-4 Nays-0 Motion carried. 33 <br /> 34 <br />G. Resolution 6500 Authorizing Inter-fund Loans for the Year 2004 and Setting 35 <br />an Interest Rate on Inter-fund Loans for the Year 2005. 36 <br /> 37 <br />Finance Director Hansen stated that this is the annual exercise for approving interfund loans and 38 <br />continues through to the subsequent year. He stated that the City had four Inter-fund loans 39 <br />adding that two of the loans were resolved in 2004. He stated that going forward the City has 40 <br />two loans, the first is for $30,810.00 to support the TIF District and the second is for 41 <br />$1,293,276.00 to support the golf course. He recommended that the City continue with the 42 <br />interest rate at 3-percent. He explained that if there is a need for funds for any of the projects 43 <br />identified for the TIF District that this would give prior authorization to give funds from the 44 <br />Community Fund to the TIF Districts, if necessary. He stated that as far as the TIF Districts go 45