3.0. SR 01-29-1996 - Laserfiche WebLink

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ity of iver FROM: DATE: SUBJECT: MEMORANDUM Mayor & City Council Pat Klaers, City Administrator January 29, 1996 ~ Joint Meeting A joint meeting between the Elk River City Council and the District 728 School Board has been scheduled for 7 p.m. on Monday, January 29, 1996, at the Elk River City Hall Training Room. Some new School Board members have recently been elected and this will be a good opportunity for everyone to get to know each other and to become familiar with issues of mutual concern. It should be noted that the School Board will be meeting in the Training Room from 6 to 7 p.m. for some School District business. JOINT MEETING TOPICS ALC Building Project - School district representatives have visited with the city staff regarding the possibility of the city bonding for the school's ALC building project. This request is much like the EDA being the owner of City Hall and the city leasing this facility from the EDA. After the final City Hall lease payment in twenty years, the city will then be the owner of the building. Additionally, the city has performed this bonding function for the county related to their jail addition. The only concern raised by the city staff was the annual goal of having the total amount of bonds in a calendar year under $10 million. The only known projects for 1996 are the ice arena ($2.5 million) and the WWTP Expansion Project ($2.5 million) so it appears that there is sufficient room below our $10 million goal. However, the Council should note that if the east Elk River project should happen in 1996, then this $10 million ceiling (with or without the school ALC building) may be in danger. It is appropriate for the school district representatives to update the City Council on the ALC building project that is proposed for 1996 at the Community Education site. 13065 Orono Parkway · P.O. Box 490 · Elk River, MN 55330 · (612) 441-7420 · Fax: (612) 441-7425