07-17-2006 CC MIN - Laserfiche WebLink

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City Council Minutes July 17, 2006 Page 11 . 7.4. Motion Calling for Public Hearing to Discuss the Capital Improvement Plan for the Purpose of Issuing Bonds for the Library Expansion Ms. Johnson stated the city must hold a public hearing when issuing bonds on its Capital Improvement Plan. She stated the hearing would be held at the August 21, 2006 City Council meeting. MOVED BY COUNCILMEMBER DIETZ AND SECONDED BY COUNCILMEMBER GUMPHREY TO ADOPT RESOLUTION 06-92 CALLING FOR A PUBLIC HEARING ON A CAPITAL IMPROVEMENT PLAN AND THE ISSUANCE OF CAPITAL IMPROVEMENT BONDS. MOTION CARRIED 5-0. 7.5. Consider Funding Trunk Water Improvements for County Road 40 Project Ms. Johnson stated Sherburne County is improving County Road 40 and Elk River Municipal Utilities (ERMU) needs to install water utility along the road. She stated ERMU does not have the funds to pay for this improvement and that the city could use the funds from the sewer and water reserve fund. Ms. Johnson stated ERMU has agreed that the city will receive all future assessments collected for this project. She stated in the future ERMU needs to bond for these types of projects or establish a fund because the city's fund is not meant for this type of project and ERMU needs to stand on their own as a separate entity. . Councilmember Dietz stated ERMU should be funding these types of projects on their own. He stated Utility Superintendent Bryan Adams believes because the city has a sewer and water fund they should have to pay for it. Ms. Johnson stated it is unknown when the funds could be paid back to the city. She stated the first assessments are scheduled to come in 2008 when Liberty Heights can develop their property but because of the housing market they may push this project to a later date. Councilmember Motin questioned how the excess assessment fees would be spent. Ms. Johnson stated she is unsure the amount of excess fees, if any. She stated if they could be used to help the utility fund. MOVED BY COUNCILMEMBER DIETZ AND SECONDED BY COUNCILMEMBER FARBER TO APPROVE FUNDING TRUNK WATER IMPROVEMENTS ALONG COUNTY ROAD 40 AT A COST OF APPROXIMATELY $800,000 WITH ALL TRUNK ASSESSEMENTS LEVIED TO PROPERTIES BENEFITING FROM THE INSTALLATION OF THIS LINE TO BE RETAINED BY THE CITY. MOTION CARRIED 5-0. 8. Other Business Councilmember Gumphrey stated he will not be at the August 14, 2006 Council meeting. 9. Council Updates There were no Council Updates. .