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City Council Regular Meeting Minutes <br /> April 23,2002 <br /> Page 13 <br /> o Develop process to establish need. Fund with lease purchase. <br /> Amount: <br /> o $6,500,000. <br /> Impact: <br /> o Increase debt service levy. <br /> Mayor Hodson stated that in the goal-setting meetings, the Council concluded that they <br /> were not going to approve a$6,500,000 project for a new Public Works building. <br /> Furthermore, Mayor Hodson indicated that the Council discussed a$3,000,000 budget <br /> for a new Public Works facility. <br /> Option: <br /> o Replace Fire Station. <br /> Recommendation: <br /> o Develop process to establish need. Fund with lease purchase. <br /> Amount: <br /> o $2,000,000. <br /> Impact: <br /> o Increases debt service levy. <br /> Option: <br /> o Replace SAV 1. <br /> Recommendation: <br /> o Develop feasibility and need analysis. Fund with revenue bonds. <br /> Amount: <br /> o $1,100,000. <br /> Impact: <br /> o Reduced funds available to be'transferred to other funds. <br /> Option: <br /> o Village Message Board. <br /> Recommendation: <br /> o Defer to future years. <br /> Amount: <br /> o $40,000. <br /> Impact: <br /> o Enhances community communication. <br /> Option: <br /> o Community Center. <br /> Recommendation: <br /> o Develop public improvements process to communicate need for community <br /> center renovation. <br /> Amount: <br /> o $150,000. <br /> Impact: <br />