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<br />Special City Council/CIP Work Session <br />June 1, 1993 <br /> <br />Page 5 <br /> <br />e <br /> <br />included the Liquor Store Fund, the Self-Insurance Fund, the NSP <br />Contributions, TIF, and a variety of miscellaneous funds (including <br />grants, special assessments, bond referendums, and HRA/EDA monies). <br />These funds were also outlined in handouts distributed by the City <br />Administrator. <br /> <br />Additional discussion took place regarding the following funds: <br /> <br />Liquor Store Fund - Discussion took place regarding the future <br />need for a second municipal liquor store. There was no agreement' <br />reached on when this store would be needed, however, a great deal <br />of discussion took place regarding the need to obtain the property <br />for a second liquor store in the near future before all the best <br />locations are sold or redeveloped. Concern was also expressed <br />regarding whether or not enough funds would be accumulated to <br />construct a future building without going into debt, or whether or <br />not some of the existing liquor store reserves would be used to <br />supplement other projects, specifically the East Highway 10 <br />project. It was the general consensus of the majority of the <br />Council that the City should at least investigate land options <br />around key intersections of the City for a future second liquor <br />store. <br /> <br />. <br /> <br />- Self Insurance Fund - With limited additional funds being able to <br />be added to this category, and with expenditures being unknown at <br />this time, the Council had a very limited discussion on this <br />fund. The City Administrator noted that if the City health <br />insurance plan changes in the future and that if the City gets <br />into a type of self insurance for City employees, this fund may be <br />used to offset expenses. <br /> <br />- NSP Contribution It was noted that funds are committed through <br />at least part of 1995, but that beginning in 1996, approximately <br />$90,000 per year would be available to be allocated on projects. <br />The Council took no action on allocating these funds at this time. <br /> <br />- TIF Funds - It was noted that the funds from TIF No. 4 are <br />available for a water tower on the west side of the City and that <br />without any official designation or allocation of these funds, the <br />Council has committed them for this project to the Utilities <br />Commission. It was noted that there are available funds in TIF <br />Districts No. 1 and No.3, but that the funds are going to be in <br />demand and that the amount available has already been reduced <br />based on the library project commitment the City made earlier in <br />the evening. Typically, these funds are used for economic <br />development projects, but they could also be used for park <br />projects including the purchase of land from the County for <br />parking for the softball complex. <br /> <br />- <br /> <br />- Bond Referendum - Limited discussion took place on this <br />tool and the Council understood that it may be necessary <br />forward with the bond referendum in 1994 for some <br />community center or park issue. If this is to take place <br /> <br />financing <br />to move <br />type of <br />in 1994, <br />