09-12-2017 ERMU MIN - Laserfiche WebLink

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based paint, and that the $85,000 estimate the city received in 2016 would have only covered the cost to paint over and contain the existing paint;this process would most likely have to be repeated every five years. After discussions with Kodet Architectural, a more realistic number to correctly restore the water tower would be $150,000 to $200,000. Mr. Carlton shared that in moving forward with Kodet Architectural in getting the laser scan and additional architectural drawings required for the grant application,we're looking at roughly$8,000. He should have more firm numbers within the next few weeks. There was discussion. Mr. Carlton stated that he would provide an update once he received the written estimate back from Kodet Architectural. 5.2 Financial Report—July 2017 Ms. Slominski presented the July 2017 financial report. The water department other operating revenue was up significantly from the prior year, and also ahead of YTD budget by 305%; it was noted that the main drivers of this were Water Connection (WAC) Fees and Developer Contributions. Chair Dietz asked for further clarification on the commercial businesses and residential development that were contributing to the increase. Staff responded. Commissioner Stewart had a question on the electric department auditing fees. She noted that line item was already over budget for the year, and inquired as to if we were anticipating any additional payments that would need to be made before the end of the year. Ms. Slominski explained the timing of the billing and payment process with the auditors. She indicated that a small payment would be made towards the end of the year for preliminary audit work. Chair Dietz had a few questions on the electric distribution expense. Staff responded. Moved by Commissioner Westgaard and seconded by Commissioner Nadeau to receive and file the July 2017 Financial Report. Motion carried 5-0. 5.3 2018 Business Plan/Budget: 10 Year Capital Projections; Capital Projects and Equipment Purchases; and Conservation Improvement Program Ms. Slominski presented the preliminary 2018 Capital Improvement Projections; Capital Projects and Equipment Purchases; and Capital Project Time Schedules. Notable items for the Electric Department were Territory Acquisition costs, replacing bucket truck#21, a new trailer, and construction/renovation prep for the field services facilities. Chair Dietz asked what the budgeted amount for the field services building would be used for. Staff responded that in addition to some of the design costs,there will be substantial costs associated with site prep in 2018. There was discussion on the replacement of the bucket truck. The Electric Department Capital Projects Time Schedule was presented. Commissioner Stewart asked for further clarification on some of the acronyms and the color coding. Staff responded. Page 4 Regular Meeting of the Elk River Municipal Utilities Commission September 12,2017