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<br />City Council Minutes <br />October 22, 2001 <br /> <br />Page 3 <br /> <br />----------------------------- <br /> <br />The Council discussed the issue of the percentage of the unreserved balance in the general <br />fund. The draft plan recommended a 45% unreserved balance. Mayor Klinzing indicated <br />that the present level of 41 % was sufficient. Councilmembers Motin, Tveite, and Dietz <br />indicated that they were comfortable with the 45% recommendation, and that they would <br />like to see the present 41 % increased slowly year by year to 45%. Councilmember Tveite <br />indicated his concern with an ongoing obligation with establishing a minimum amount. <br /> <br />It was the consensus of the Council to delete items 9.2 and 9.3 from the plan and to delete <br />the reference to Ehlers & Associates from items 11.12 and 11.13. <br /> <br />7. Other Business <br /> <br />There was no other business. <br /> <br />8. Staff Updates <br /> <br />There were no staff updates. <br /> <br />9. Adjournment <br /> <br />There being no further business, Mayor Klinzing adjourned the meeting of the Elk River <br />City Council at 8:50 p.m. <br /> <br /> <br />jLcLi[~ <br /> <br />"j <br />//> <br />I J7 'll <br />"L(~. " <br />:f~ <br /> <br />Sandra Peine <br />City Clerk <br />