08-23-2018 Special City Council Meeting Minutes

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Special City Council Minutes August 23, 2018 Page2of3 ----------------------------- • 2019 Rasmussen Road Improvement Project— estimated cost of $2,500,000 utilizing road tumback funds (50%) and levy funds (50%)to finance this project. An annual bond payment of 97,000 for 20 years beginning in 2020 for the levy portion and this may increase the tax rate by 3%. Nancy Malecha noted the budget line item increases over$2,500 and stated the purpose of the meeting was to thoroughly review the budget and make changes before the preliminary levy is presented at the September 4�" Council meeting. She also reminded the Council the deadline for setting the preliminary levy will be September 30�' at which time it can be decreased but not increased before setting the final levy in December. Council Member Akerson asked Ms. Malecha to explain the difference between the tax rate and the tax levy. Nancy Malecha reviewed the preliminary budget in detail as was requested by the Council and discussions took place on various budget items. � Council consensus directed Staff to include the Street and Utility Improvement Projects and the Trailside Park Phase 1 Project in the preliminary budget and get quotes for the Public Works and City Hall signs � and look into utilizing the $26,000 that was in the 2018 Budget for a new ' Public Works employee. I 4. Capital Financial Plan i � Nancy Malecha presented the Capital Financial Plan that is updated by I� David Drown Associates on behalf of the City. �, Tom Nelson inquired if the backup generator could be added to the list. Nancy Malecha stated she has been waiting for a second quote from him I and grant information from the Police Department. Mr. Nelson expressed the importance of a backup power source since City Hall is the Emergency Operations Center. Discussions regarding options, cost and grants took , place. ', Council consensus was to direct Eric Klang and Tom Nelson to work on ,, getting the quotes and grant information together and bring a ' recommendation to the Council for a backup power source.