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1 Council Meeting <br /> 2 May 26, 1992 <br /> 3 Page 5 <br /> 4 <br /> 5 <br /> 6 B. City Manager Reports <br /> 7 <br /> 8 Mr. Burt indicated that because the DNR had been slow in <br /> 9 getting necessary information back to the City, the hearing on <br /> 10 the Lake Ordinance could not be held until the June 23rd. <br /> 11 <br /> 12 The Manager responded to questions related to changing the <br /> 13 speed limits near Gross Golf Course by telling the Council <br /> 14 staff had great concerns from a safety standpoint related to <br /> 15 pedestrian traffic and potential damage to boulevard trees if <br /> 16 that were done. He said drivers in that area on a regular <br /> 17 basis go off the road because they are watching the golfers <br /> 18 rather than the road. The Manager indicated the Police Chief <br /> 19 was also concerned that, since so many drivers reach speeds of <br /> 20 between 40 and 50 now, they might just drive even faster if <br /> 21 the limits are raised. Mr. Burt also pointed out that if <br /> 22 residents perceive the City changing the speed limits in this <br /> 23 area, they might figure limits could also be lowered on City <br /> 24 streets which would tend to bog down traffic all over the City. <br /> 25 <br /> 26 City Manager Burt reported he was making slow progress in his <br /> i27 negotiations with Apache Management related to a definitive <br /> 28 plan for tax increment financing. He said he perceived a need <br /> 29 for further input before he proceeds with these negotiations <br /> 30 and suggested a lunch with the Mayor and legal counsel <br /> 31 following precedents set by the former mayor might be <br /> 32 helpful. Mr. Burt than indicated a "client/attorney" advisory <br /> 33 letter could be directed to the rest of the Council telling <br /> 34 them of any new tactics which might result from that meeting. <br /> 35 -He was directed to schedule such a luncheon meeting the <br /> 36 following week. <br /> 37 <br /> 38 The City's 1991 Audit had been distributed that day to the <br /> 39 Council and Stu Bonniwell, the City Auditor, urged <br /> 40 Councilmembers to contact Mr. Larson on any items on which <br /> 41 they had questions . Copies of Mr. Larson' s May 14 memorandum <br /> 42 and recommendations on "Unappropriated Fund Balances " with <br /> 43 supporting data had been included in the Council agenda. <br /> 44 <br /> 45 Mr. Bonniwell congratulated the City on a good year in spite <br /> 46 of cuts in state aid. He told Councilmember Marks he <br /> 47 perceived no outstanding procedural changes needed to be made <br /> 48 in the day-to-day accounting operations . His recommendations <br /> 49 related to the transfer of the funds in the debt service for <br /> 50 the 1968 Bond Fund into a capital projects fund as well as the <br /> 51 earmarking of funds to cover various employee compensation <br /> 52 funds will be addressed by staff recommendation at a later <br /> • 53 date. The Auditor congratulated staff on the prudent handling <br /> 54 of $9 , 000,000 .00 in cash investments for which the market <br /> 55 values all exceeded the costs, at least at this date. <br />