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Mounds View City Council May 23,2011 <br /> • Regular Meeting Page 9 <br /> Finance Director Beer noted the Community Center would need to be reroofed in 2012, along <br /> with other improvements to the parking lot. He suggested the Council consider how these <br /> improvements should be funded. <br /> Mayor Flaherty suggested the funds be left in the Special Revenue Fund. The Council was in <br /> agreement. <br /> Council Member Stigney questioned if it was a necessity to replace the roof in 2012. Public <br /> Works Director DeBar stated the roof management plan recommended Community Center roof <br /> replacement in 2012 as the membrane roof had only a 10 year warranty. He anticipated the <br /> expense would be less than the projected$250,000. <br /> Mayor Flaherty was in favor of following the roof management replacement plan as he did not <br /> want to see additional projects completed in the same year. <br /> Finance Director Beer reviewed the 2012 budget timeline, explaining that changes could still be <br /> made to the financial plan. He then reviewed the projected cash flows for the capital <br /> improvement funds. <br /> Council Member Mueller asked what capital improvement projects would be bonded for in 2015. <br /> Finance Director Beer indicated this would be for the demolition/facility design for the new <br /> • public works building. He stated other funding sources may be available at that time. <br /> Finance Director Beer then reviewed the projected water and sewer rates. He noted these rates <br /> would be incrementally increasing due to the water tower rehabilitation this year. The slight <br /> increases would stabilize the fund over time. Staff noted the use of infiltration basins has greatly <br /> reduced the City's storm water expenses. <br /> Mayor Flaherty opened the public hearing at 9:21 p.m. <br /> Hearing no public input,Mayor Flaherty closed the public hearing at 9:21 p.m. <br /> MOTION/SECOND: Mueller/Hull. To Waive the Reading and Adopt Resolution 7795, <br /> Adopting a Five Year Financial Plan for 2012 through 2016 with a summary posted in the <br /> newspaper. <br /> Ayes—5 Nays—0 Motion carried. <br /> M. Resolution 7796 Approving a Construction Contract with Muska Electric <br /> Company for the 2011 Electrical Modifications for Wei No. 2 Motor_ <br /> Conversion Project. <br /> Public Works Director DeBar stated Well No. 2 was originally constructed in 1962 with a natural <br /> gas engine. This varies from the rest of the wells in the City and creates water spikes at times. <br /> • Instead of replacing the well, Staff recommended converting the motor to an electric model. The <br />