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City Council Minutes Page 3 <br />April 30, 2018 <br />----------------------------- <br />Councilmember Wagner expressed mission statements could not be a static statement <br />but should be re-evaluated over time. Elk River has a lot of room to grow. Perhaps this <br />mission statement should be for the next five years and then reassessed. <br /> <br />Mr. Portner suggested they come back to the mission statement creation later in the <br />meeting. <br /> <br />Finance Review – Peers <br />Ms. Ziemer reviewed a financial chart comparing Elk River to 14 other communities of <br />similar population. <br /> <br />Council recessed at 5:23 p.m. Council reconvened at 6:01 p.m. <br /> <br />Goal Setting <br />Council determined the following short-term, mid-term, and long-term goals: <br /> <br /> Short-term <br /> Commercial development <br /> Great River Energy (GRE) revenue replacement <br /> Budget and sinking fund for building repair <br /> Update salary schedule/compensation plan <br /> Garbage situation (RDF tax base?) <br /> Parks and Recreation funding (capital) plan <br /> <br /> Mid-term <br /> CRT Vision <br /> Budget Plan – post-waste management of GRE <br /> Transportation development funding <br /> Acquire business park land <br /> Develop means for park capital needs <br />Commercial development <br /> <br /> Long-term <br /> Urban Service Area expansion <br /> Commercial/Industrial development <br /> Public Safety Facility buildout <br /> <br />Sustainable Capital Funding <br />Council reviewed the following financing options: <br /> Levy <br /> LGA <br /> Liquor operations <br /> Excess fund balance <br /> User fees <br /> GRE fund <br /> Landfill fund <br /> Local Option Sales Tax (LOST) <br /> <br />