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ity of <br /> <br />ITEM 5.16. <br /> <br />MEMORANDUM <br /> <br />iver <br /> <br />Mayor & City Council <br /> <br />FROM: Pat Klaers, City Administrator <br /> <br />DATE: <br /> <br />August 5, 1996 <br /> <br />SUBJECT: Update on Finances for Capital <br /> Improvements <br /> <br />A number of financial issues need to be reviewed in the near future either <br />just before or after the city budget is considered by the council. Currently the <br />assistant administrator and I are busy working with department heads in <br />putting the 1997 budget proposal together so there is limited background <br />material included with this memo regarding the finances for some of the <br />recently discussed capital improvement projects. Depending on our schedule <br />and the availability of information, there may be some material handed out <br />at this 8/5/96 meeting. <br /> <br />The issues that I would like to briefly review with the council vary from <br />somewhat simple to rather complex. These issues include the following: <br /> <br />· Library re-roofing project <br />· Financing of the fire department pumper truck <br />· City contribution of $50,000 to the ice area project <br />· Update on liquor store projects and finances <br />· Funding of the Cass property recreation fields <br />· City participation in street projects <br /> <br />13065 Orono Parkway · P.O. Box 490 · Elk River, MN 55330 · (612) 441-7420 · Fax: (612) 441-7425 <br /> <br /> <br />