3.0. SR 02-21-1994 - Laserfiche WebLink

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Capital Improvement Program Minutes February 15, 1993 Page 3 e)1 6:00 P.M. COUNCILMEMBER FARBER SECONDED THE MOTION. CARRIED 4-0. THE MOTION Mayor Duitsman 'nformed the Relief Associatio meeting. Association is c sidering switching defined contributio retirement plan. the City's benefit. Mayor Duit an review the investment of the Fire elief responsibility over th investm ts. he had attended the Fire that the Fire Relief from a defined benefit to a e indicated that would be to was concerned that the Council Association as the City has 4.5. Ma or Duitsman Finance Director, gave a brief history on the changes that have been made in t east several years in the Fire Relief Association's investments She noted that the Fire Relief Association now meets State requiremen whereby less than 75% of their investments are held in mutual fu tis Lori further indicated that much progress has been made in gettin the ire Relief Board to more closely review its investments and ch ge its investment procedures. . Mayor Duitsman ind' ated had spoken with the Fire Chief regarding a satelli station whi may be located in Otsego. A brief discussion took p on financing the Fire Relief Association and fire expenditures. 4.6. Pat Klaers, Administrator, updated t e the Highway 101 project. e bid letting for Highway accelerated. Pat indicated at original completion was sche led for fall, 1995, and this has een moved to fall, 1994, for the tretch of road between the Mississip River to County Road 42. Pat stated that the rest of the project w 11 remain on schedule. 4.7. COUNCILMEMBER SCHEEL MOVED TO APPROVE THE CHECK REGISTER. COUNCILMEMBER FARBER SECONDED THE MOTION. THE MOTION CARRIED 4-0. 5. Discussion on Capital Improvement Program Mayor Duitsman turned the meeting over to Pat Klaers for discussion on the Capital Improvement Program. e It was agreed that the City Council would pick up where it had left off at the last CIP meeting. The City Administrator reviewed the 1990 Capital Improvement Plan to update the City Council on projects remaining from that list. There was a discussion on the western area utility and road improvement project including a discussion regarding the fairgrounds property and the need for the City to acquire approximately 2 acres from the County for road and utility purposes.