06/26/1978 Council Minutes - Laserfiche WebLink

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128 June 26,1978 The regular meeting of the Lino Lakes City Counci'1 was called to order at 8:00 P.M. on June 26, 1978 by Mayor Karth. Council mem- bers present; McLean, Kulaszewicz, Schneider, Zelinka. Absent; None. Mr. Locher and'Mr. Gotwald ware also present. Mr. Zelinka moved to approve the minutes of June 12, 1978 as writ - ten. Seconded by Mr: Kulaszewicz. Motion'declared passed. Mayor Karth presented Mr. Don Anfinson and Mr. Ron Meyers, City Auditors. Mayor Karth said these men had been invited to this meeting to discuss the 1977 audit and the water and sewer rate study done for the City. Mr. Anfinson 'eXplained the major points of—the audit and explain- ed there are no comparison sheets due to the funds being Convert- ed to the modified accrual method of reporting. The new law on this subject was discussed and Mr. Anfinson pointed out that soon the budgeting and record keeping will have to be done in'this same manner. Mr. Anfinson also suggested a record of property and their' cost. This would be' used to establish the fixed assets for auditing pur- poses. The management letter accompanying the audit was discussed by Mr. Schneider and the recommendations made by the Auditor have all been incorporated into the record keeping system. Mayor Karth thanked Mr. Anfinson for his explanation and advise over the past two years. Mr. Zelinka said he appreciated the as- sistance given by the Auditor and felt that he had a better under- standing of the City's financial status. Mr. Ron Meyer explained the water and sewer rate study and why some items were included. The matter of the lift station was dis- cussed. Mr. Locher said he has heard nothing since sending all the material to the Attorney for the MWCC. Mr. Gotwald said the lift station is a Metro facility that is be- ing maintained by the City and as such, all expenditures incurred, will be reimburseable. Mr. Schneider said he had a question from Mr. Volk asking if the current water system would handle 92 new homes and Mr. Gotwald said Yes, that system was designed to handle the entire area. How- ever, a second well will be needed when the area is developed and at that time, an elevated tank will be needed. This construction cost will be handled by special assessments. Mr. Schneider asked the Council for an opinion on the timing of the rate structure - would this be done by Council action or should a public hearing be held. Mr. McLean suggested that perhaps it would be better to hold a public hearing. Mr. Gotwald felt that sending a notice of the intent and inviting the residents to at- tend a Council meeting might be a better way of handling this mat- ter.