11-14-1994 ERMU MIN JOINT - Laserfiche WebLink

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Elk River City Council Special Meeting Page 3 November 14, 1994 4.2 City Contribution to the Western Area Water Tower 4.3. Utility Commission Participation in the Business Park City Administrator Pat Klaers stated that in 1987 the City captured TIF funds from the RDF project with the goal in mind to use these funds for infrastructure improvements. He indicated that in 1992 the Council informally decided to use these funds for the Western Area water tower. The City Administrator indicated that since 1992, the goal of developing a business park has become closer to reality and this project is in competition for any funds that are available for public improvements. The City Administrator stated that the City Council and Utilities must decide at what level of funding the City should participate for the Western Area water tower project. The Council and Commission discussed the financial needs of the water utility in financing the western area water tower. If growth continues at its current high rate, it is estimated that sufficient water connections will take place to finance this water tower. However, if the rate of growth decreases, then a shortfall in meeting its bond obligations may take place. Mayor Duitsman indicated that he is in support of building a new high school in the community and feels that some of the TIF funds could be used for this purpose. COUNCILMEMBER DIETZ MOVED TO ISSUE BONDS FOR $1,010,000 AND TO USE THE • APPROXIMATELY $429,000 IN TIF FUNDS FOR THE BUSINESS PARK AND TO POSSIBLY WRITE DOWN THE UTILITIES FOR THE NEW SENIOR HIGH SCHOOL. COUNCILMEMBER HOLMGREN SECONDED THE MOTION. THE MOTION CARRIED 5-0. 4.4. Street Liahtina Standards Discussion was held regarding the possibility of offering higher quality street lighting for both residential and commercial developments. Bill Birrenkott stated that he will be working on offering other options to residential developers, however, the developers will have to pay for the upgrade. He further indicated that he has been working with commercial developers regarding this issue. 4.5. 1995 New Street Liahts Glenn Sundeen indicated that the fifteen new street lights that were approved in December, 1993 for installation in the City of Elk River will be installed within a month. Councilmember Farber requested that the Utilities consider more street lighting along Jackson Avenue for safety purposes. 4.6. Water Ordinance The City Attorney handed out a draft water ordinance which would require water connections similar to the required sewer connections in the sewer ordinance. It • was the consensus that the Utilities would review the ordinance and make their recommendations to the City Council. Bill Birrenkott suggested that the City