06-09-2003 CC MIN - Laserfiche WebLink

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City Council Minutes June 9, 2003 ............................. 5. Presentation of the City's 2002 Comprehensive Annual Financial Report Page 2 Finance Director Lori Johnson and Steve McDonald, with Abdo Eick & Meyers, LLP, presented the 2002 Comprehensive Annual Financial Report. Mr. McDonald stated that the city's general fund balance is at 42 percent of the next year's budget, which is considered in the acceptable range according to the State Auditor's classification. The Finance Director and Auditor reviewed each group of funds with the Council. Lori Johnson stated that any special revenue fund balances that could be reserved were reserved and the fund balances that were being saved for the City Hall and Street Rehabilitation projects were changed to capital projects funds if appropriate. This will help address State Auditor Awada's new classification of available funds and will more clearly state the amount of funds available. COUNCILMEMBER TVEITE MOVED TO ACCEPT THE COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE YEAR ENDED DECEMBER 31, 2002. COUNCILMEMBER KUESTER SECONDED THE MOTION. THE MOTION CARRIED 5-0. 4. Open Mike Videem Lindner, 13536 196th Avenue-Stated that he believed the City Council was going to consider a mosquito control policy. He stated that the mosquito population is bad and he is concerned about West Nile Virus and Encephalitis. Al Shrupp, 13964 Ogden Street- Stated that he is concerned with the health of citizens and would like the city to consider a mosquito control policy. Mayor I~inzing stated that she talked with Building and Environmental Administrator Steve Rohlf and that he would provide an update to his research on this issue and bring it to the City Council for consideration. 6.1. Boston/Concord Street Area Improvement of 2003 Assessment Hearing (Public Heariu~, Staff report submitted by City Engineer Terry Maurer. Mr. Maurer stated that this is the assessment hearing for the Boston/Concord Street improvements for city sewer and water. He stated that the project also includes plans to update the street to an urban style concrete curb and gutter at the city's expense. He stated that property owners will be assessed $17, 243.41 over a 15 year period at a 5.5 percent interest rate. The property owner will incur additional costs when they decide to hook up to sewer and water. Mr. Maurer stated that if a property owner would like the right to appeal their assessment they would need to submit a written objection to the assessment prior to the close of this meeting. He stated that an oral objection to the assessment does not preserve the property owners right to appeal the assessment. He stated that after submitting the written objection, the property owner then has the responsibility of filing a formal appeal with the district court within 30 days of this assessment hearing. Mayor Klinzing opened the public hearing. There being no one to speak to this issue, Mayor Klinzing closed the public hearing.