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MEETING OF THE ELK RIVER CITY COUNCIL <br />CAPITAL IMPROVEMENT WORKSESSION <br />HELD AT THE ELK RIVER CITY HALL <br />MONDAY, JANUARY 15, 1996 <br /> <br />Members Present: <br /> <br />Members Absent: <br />Staff Present: <br /> <br />Mayor Duitsman, Councilmembers Dietz, Farber, Holmgren, and <br />Scheel <br /> <br />None <br /> <br />Pat Klaers, City Administrator; Lori Johnson, Assistant City <br />Administrator; Steve Ach, City Planner; Terry Maurer, City Engineer <br /> <br />Call Meetin.q To Order <br /> <br />Pursuant to due call and notice thereof, the meeting of the Capital Improvement <br />Program (CIP) worksession of the City Council was called to order at 5:10 p.m. by <br />Mayor Duitsman. <br /> <br />Discussion on Capital Improvement Pro,qram <br /> <br />City Administrator Pat Klaers provided an overview of the CIP review and decision <br />making process and how the process has evolved over the last few years. In <br />1996, the ClP process will involve month to month updates and decisions on <br />projects and this worksession is being held as an overview summary of planned <br />activities. <br /> <br />ao <br /> <br />Wastewater Treatment Plant Expansion - The City Engineer reviewed his <br />1/8/96 memo regarding the bids for the Wastewater Treatment Plant <br />(WWTP) upgrade. The bids were very competitive and below the original <br />estimate and the Iow bidder is qualified to do the project. <br /> <br />The City Engineer reviewed his 1/11/96 memo regarding the capacity of <br />the Treatment Plant and how this capacity relates to the urban service <br />area approved in the Comprehensive Plan update. There is sufficient <br />capacity to service this area with the proposed Treatment Plant <br />expansion. <br /> <br />Assistant City Administrator Lori Johnson reviewed with the City Council <br />the 1/12/96 financial analysis of the Treatment Plant expansion project <br />and the revenue pro]ections for this enterprise fund to pay off the <br />proposed bonds. It was noted that the projections outlined are for a 20 <br />year bond repayment plan whereas previous estimates were for a 30 year <br />repayment plan. The Iow bids for the project allowed the bond <br />repayment schedule to be reduced. Lori reviewed the revenue <br />assumptions and noted that in the current estimated debt service <br />schedule does not allow for the depreciation expense to be reserved for <br />future use because the projected income does not generate sufficient <br />cash to meet annual debt payments. <br /> <br /> <br />