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City Council Minutes <br />June 11,2001 <br /> <br />5. Key Financial Strategies Presentation <br /> <br />Page2 <br /> <br />Rusty Fifield, Ehlers and Associates, explained that this worksession ~3 of the Key <br />Financial Strategies would focus on capital improvements planning. Mr. Fifield <br />reviewed the memo that was in the Council packet. Discussion centered on financing <br />tools and a summary of the building, utility, equipment, and park projects. Rusty <br />reviewed the limited available resources and the need for Council priorities for <br />spending these resources. Also reviewed and discussed was how legislative decisions <br />impact municipal finances. <br /> <br />6. Other Business <br /> <br />City Administrator Pat I~laers updated the Council on the Lion's Park building <br />project by the Lion's Club. The additional space desired by the city in this project <br />would cost about $20,000 and an additional $20-25,000 would be needed for <br />furniture, fixtures, and equipment to accommodate meetings and to make the space <br />rentable. Funding for these expenses is recommended to come from the RDF <br />Reserve Fund. Landscaping would come before the Council at a later date and would <br />be financed with Park Dedication funds. The Council discussed the possible need <br />for a future expansion of this building. <br /> <br />Mr. Klaers indicated that some staff members have become aware that Boelter's, at <br />Main Street and Highway 10, may be for sale. This area has been discussed in the <br />past as an area that may be desirable to obtain for future intersection improvements. <br />Council directed staff to pursue the availability of this property. <br /> <br />Mayor Klinzing noted the letter on the proposed change of street name (Waco) from <br />Mercy and Unity hospitals and the response to this request from the building and <br />zoning administrator. Council concurred with the building and zoning <br />administrator's recommendation to deny the name change and directed a letter to be <br />sent to Gary Alberts of Mercy and Unity hospitals. <br /> <br />Councilmember Motto asked for an update on the status of the YMCA proposal. <br />Mayor I~linzing responded by indicating that an establishment of a Founder's Board <br />is being pursued and that the YMCA is still in the information gathering stage on the <br />possibility of being able to fund a facility in Elk River. <br /> <br />Councilmember Motto indicated that the buyer of the Mitchell property would be <br />soon approaching the city to discuss municipal utilities for this property. <br /> <br />Mr. I<_laers noted the MMUA memo and report regarding the city safety program <br />and the positive comments the city has received in its employee safety efforts. <br /> <br />7. Staff Updates <br /> <br />There were no staff updates <br /> <br /> <br />