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Mounds View City Council <br />Regular Meeting <br />December 11, 2000 <br />Page 9 <br />Vote on Motion to Approve <br />• A es - 3 Cou hlin/Mart / uick Na s - 2 Sti ne /Thomas Motion carried. <br />Y t g YQ ) Y ~ g Y ) <br />ROLL CALL: Coughlin/Marty/Quick Ayes; Stigney/Thomas Nays. <br />B. Consideration of Resolution No. 5487, Creating a Water Service Repair Fund <br />Account and Adopting a Fee Schedule. <br />Public Works Director Ulrich explained this Resolution sets the fee for participation in the water <br />repair service at $4.00 per quarter and establishes an account for those funds within the water <br />services accounts. <br />Council Member Thomas indicated she had requested a written copy of the actuarial numbers <br />used to arrive at the fee per quarter to fund the program and had not received it. <br />Public Works Director Ulrich indicated he had given her a copy after the last Council meeting. <br />Council Member Thomas indicated she did not have a copy and would like one. <br />Public Works Director Ulrich left the meeting, made a copy of that document and returned with a <br />copy which he handed to Council Member Thomas. <br />MOTION/SECOND: Marty/Quick. To Waive the Reading and Approve Resolution 5487, a <br />Resolution Creating a Water Service Repair Fund Account and Adopting a Fee Schedule. <br />Council Member Stigney raised a concern for the funding source for the program. He also <br />indicated a concern for the funds collected if the City decides not to continue with the program. <br />City Attorney Long indicated a new Council could opt to change or discontinue the program. At <br />that time there would need to be a decision from Council as to what to do with the collected <br />funds. It may be appropriate to refund those monies to residents as they were collected to fund a <br />specific program that is no longer existing. <br />Council Member Stigney stated his preference for funding sources to be 1/10`h of the franchise <br />fee or interest off the TIF funds rather than charging residents $4.00 per quarter. <br />Council Member Marty indicated the TIF funds Council Member Stigney was referring to would <br />be discussed at a later point in the evening at the EDA meeting but are not readily available at <br />this point for use as they are tied up until certain decisions concerning their use are made. <br />Council Member Stigney indicated "tied up" is open to interpretation but said the franchise fee is <br />readily available and the City would not be negatively impacted by designating 1/10"' of the <br />franchise fee for this program. <br />