Laserfiche WebLink
experience growth. <br />complementing the <br />commercial/retail am <br />residential growth in <br />fifty residential dwel <br />to the City's tax base <br />continues to see <br />commercial area, <br />are also being <br />federal prisoners, is <br /> <br />The Elk River Hous <br />revitalization project <br />construction may <br />housing and commer <br /> <br />Long-term financia <br />development related <br />is underway that will <br />study is nearin <br />and the <br />growth patterns of th <br />financial needs so th~ <br />greatly in ensuring <br />tools will also help p <br />along with the popul~ <br /> <br />Cash management <br />demand deposits, <br />commercial paper as <br />investment pool on a <br />pool. The Economic <br />investment pool. <br />more important than <br />State Statutes <br /> <br />Risk management. <br />areas and has been st <br />by continually <br />property and el <br />initiate programs to <br />purpose of funding <br />providing <br />self insure at <br />responsible for traini <br />work related injuries <br />through the relativel' <br />insurance. <br /> <br />ob base is diversified with many small and medium size industrial employers <br />service, and public employers. Moderate job growth has occurred in the <br />~strial/rr anu !acturiltg sectors. The City again experienced significant <br />and anticipates that the trend will continue in the next year. Five hundred and <br />tnits were constructed in 2003 adding approximately $90,900,000 in valuation <br />addition $7,100,000 of commercial/industrial value was added. The City <br />development in commercial and industrial areas. A new 97,000 square foot <br /> <br /> Center, is proposed for d <br />in 2004. A major expansi{ <br />constructed in 2004. <br /> <br /> Redevelopment Authorir <br /> last several years. It is a <br />late 2004 or early 2005. Th <br />units, some adjacent to rive~ <br /> <br />,nning. The City of Elk Riv <br />s, including the comprehens <br /> develop and preserve greei <br /> <br />evelopment in 2004. Two new industrial buildings <br />~n of the Sherburne County Jail, which houses <br /> <br />/ (HRA) has been working on a major downtown <br />nticipated that the first stage of redevelopment <br /> construction will consist of a combination of <br />frontage. <br /> <br />er also continues to work on updating many of its <br />ive plan and transportation plan. In addition a study <br />~ways within the City. A major sewer capacity <br /> <br /> The study will help to determine the ultimate capacity of the treatment plant <br />ilities available. A combination of these studies will help determine the future <br /> With these plans in place, staff will be better able to dellermine long range <br />~re is adequate time to plan./ This long term financial planaing will assist <br />te City's infrastructure, facility, park, and other capital needs can be met. These <br /> operational needs as many of the program and service needs increase <br /> growth, i <br /> <br />ies and practices. Cash temporarily idled during the year was invested in <br />ates of deposits, United Stat ~d government and agency securities, and <br /> <br />by the City's investn <br />basis where all fund., <br />~ment Authority, water, <br />investment policy states <br />on investment. The C <br />investment of municipal <br /> <br />tent policy. All idled cash is maintained in an <br />with a cash balance participate in the investment <br />and electric funds do not participate in the <br />that the safety and liquidity of the portfolio are <br />ity's policy closely follows all of the Minnesota <br />funds. <br /> <br />City of Elk River strives to limit both its liability risk and insurance costs in all <br />~sful in both limiting risk an keeping premium costs reasonable. This is done <br />safety programs, maintaini~ adequate deductibles, maintaining correct <br />zhedules, and working withl the City's insurance agent and Underwriters to <br /> I o <br />',ye those goals. The City mmntmns an emergency/insurance reserve fund for the <br /> deductibles, promotingisafety programs through our Safety Committee, and <br />to all employees. However~ the City does not self insure and does not intend to <br />the future. The City' --s Safety Coordinator and the Safety COmmittee are <br />11 employees in the City's s~fety policies to protect the citY's employees from <br />to help reduce work related insurance claims. The results of this can be seen <br /> experience modification factor applied to our worker's compensation <br /> <br /> <br />