Minutes - 2005/03/28 - Laserfiche WebLink

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Mounds View City Council March 28, 2005 Regular Meeting Page 7 • to be spent down to zero, and they will have to find some other source of funding in order to continue to do park improvements. He stated with the exception of a big Medtronics type project, they are not going to have a continuous flow of new Park Dedication fees. He stated there would be a few fees, but it wouldn't be enough in the long run to maintain the parks, and eventually they'll have to look for a different source of funding for the parks. Mayor Marty stated the reason he raised the question was when he was first elected to the Council, he was a liaison to the Park and Recreation Commission, and at that time the Park and Recreation Commission had decided that the fund was relatively healthy. He stated that ever since then, they've been spending the park dedication fees as they been coming in, and he's concerned they'll have to start taxing people to keep up with the parks. Council Member Gunn stated that the things on the list need to be, and if they don't maintain these items now, they will be spending way more money in the future to get these items fixed. Mayor Marty stated that he realized that, but he wanted to make sure these items were absolutely necessary. Council Member Thomas asked what number they were talking about as far as interest on this in a year. Finance Director Hansen stated that there is a conservative group of investments he can invest • the City's money in, so there isn't a great interest rate. He stated in 2004 it was 2 percent. He stated at the end of the year it may raise to 3 percent. MOTION/SECOND. Marty/Flaherty. To waive the reading and approve Resolution 6480 Approving the Purchase of Items Associated with the 2005 Parks Improvement Project. Ayes-5 Nays-0 Motion carried. E. Resolution 6489 Approving Expenditure of Funds to Repair Roof Top Unit No. 4 at the Community Center. Council Member Flaherty stated that after looking this over, it was going to cost $8,000 to replace these items. He stated he thought 2-4 days for two technicians to change out the heat exchanger would be excessive. He asked if they knew what the past BTU's used were. Public Works Director Lee stated he couldn't answer that because he didn't have the specs on that particular unit. Council Member Flaherty stated he felt four days would be excessive to replace that kind of heat exchanger. Public Works Director Lee stated that four days is the worst case scenario, and most likely it • would only be two days.