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City Council Regular Meeting Minutes April 11, 2006 Page 5 1 Councilmember Stille pointed out that in 2013, the surcharge will become a fee and the City 2 does not want to pay those dollars. The other reason is that environmentally soundp ractices are 3 the right thing to do. 4 5 Mayor Faust agreed and stated that while this program may be considered intrusive and it is 6 expensive, something must be done and this Council will not pass the problem on to a future 7 Council. 8 9 Motion by Councilmember Gray, seconded by Councilmember Thuesen, to adoptt Resolution 06- 10 037, Adopting the Sanitary Sewer Infiltration & Inflow Reduction Plan. 11 12 Motion carried unanimously. 13 14 Mr. Mornson advised that about- 45% of cities are in the sameosition as St. Anthony. He noted p Y 15 the attendance of two Public works employees, John Trombley and Tom Sullivan who are in 16 attendance as part .of schooling to obtain a certificate. They decided to attend the St. Anthony 17 Council meeting because it is a well run meeting. 18 19 Mayor Faust thanked Mr. Trombley and Mr. Sullivan for their hard work on behalf of St. 20 Anthony. 21 22 VI. GENERAL BUSINESS OF THE. COUNCIL. 23 A. Update on -Financial Strategies 24 Stacie Kvilvang, Ehlers & Associates, stated the Council will be discussing the City's Key 25 Financial Strategies, which is an interactive process between the Council and staff. She 26 explained the Strategies create a comprehensive financial management plan to meet goals 27 established by the Council. Currently, the Council has undertaken a process to look at existing 28 plans in place and stand alone documents like the operating budget, debt planning budget, capital 29 program needs, staff needs, and infrastructure needs. 30 31 Ms. Kvilvang reviewed how the Council first undertook this process in 2002, projects 32 considered, public participation, and the planning process. She listed the seven goals the Council 33 set as part of the 2006 goal setting session. These seven project total about $9.2 million and they 34 have determined financing for the top five goals that the City can complete in 2006-2007, costing 35 about $7.1 million. 36 37 Ms. Kvilvang stated the Council has asked how theseJro' ects can be undertaken with the least p 38 impact to taxpayers and residents of St. Anthony. She advised that only one of the top five 39 projects will have impact to residents through a levy p Y position. The Cit can finance the other 40 four projects through internal borrowing and cash on hand. The TIF bond will be repaid from 41 the Chandler TIF District and levy. 42 43 Ms. Kvilvang presented each of the seven capital projects and explained the recommended 44 financing for each. She explained that it is recommended to levy $1.3 million. of the costs for the 45 Silver Lake Road project. The City's average home value is $250,000 so the impact would be 46 about a $42 dollar increase to take on the street improvement program. 47 6