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-100- <br /> <br />Councilmember Anderson stated that in her opinion the changes seemed to make <br />common sense. By making the changes they are not trying to "rob" funds, but make <br />sense of the verbiage. <br /> <br />Councilmember Kurak explained that the equipment revolving fund had required that the <br />City have enough funds to pay cash for anything that needed to be replaced, which was <br />impossible. Because of that required the City was collecting interest of over a million <br />dollars that the City could not touch because of the verbiage. So instead of taking out a <br />bond to purchase the excess equipment they chose as a Council to correct the wording in <br />the ordinance to permit the City to use the excess funds to purchase the'equipment. <br /> <br />Motion by Councilmember Hendriksen, seconded by Councilmember Anderson, to adopt <br />Ordinance #01-12-~ ame~3~d!ng Chapter 3 known as the Operations and Administration <br />Chapter of the City Code;i;!ai~ii?rdinance amending Chapter 3 and repealing and replacing <br />Section 3.40 entitled '!~i~-F~nds <br /> ~ i': <br />A roll call vote was l~efformed by:f~tJ Re~rding Secretary: <br /> <br />Councilmember Kurak: <br />Councilmember Zi~eman: na~ <br /> <br />Councilmember Hendriksen: aye <br />Councilmember Anderson: aye <br /> <br />2) Review and Adopt 2002 Schedule of <br /> ~e Finance Co~i~ee reco~end ~at the Ci~ Counc~l(~'adopt Resolution ~01-12- <br /> Adopting ~e 2002 Schedule of Rates, Fees, ~>~g~s, ~d direct staff to <br /> research fees pe~ai~ng to the penetrating of roadway a~:~en~e in%~ation as soon <br /> as reasonably possible. <br /> <br />3) <br /> <br />Authorization to Purchase Boat, Motor, and Trailer for the Purposes of <br />Establishing Water and Ice Rescue <br />The Finance Committee recommended that recommend that the City Council approve the <br />purchase of a boat, motor, and trailer for an amount not to exceed $5,000. <br /> <br />4) <br /> <br />Information Systems. (Computer Report) <br />The Finance Committee was presented a summary by Mr. Barry Johnson of Dynamic <br />Information Systems, LLC, and recommended that the issue be discussed at length at a <br />future Council work session. <br /> <br />City Council/December 18, 2001 <br /> Page 26 of 28 <br /> <br /> I <br /> I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />! <br />i <br /> <br />I <br />i <br />I <br />I <br />I <br />I <br />I <br /> <br /> <br />