Agenda - Council - 02/22/2011 - Laserfiche WebLink

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CC Regular Session Date: 02/22/2011 By: Diana Lund Finance Title: Report from Finance Committee of 2 -8 -11 (This includes adoption of Resolutions related to EDA, Enterprise and General Fund Budgets) Background: Three Cases were presented to the Finance Committee: Information Item #: 5. 10. Case 1: Consider Fee for Agent of Record for Property, Casualty and Workers Compensation. Staff presented a payment history for agent of record services and what neighboring cities currently pay. Staff was requested to approach the city's agent regarding another two -year contract service agreement. This has been placed on the finance committee of February 22. Case 2: Consider "Self- Serve" Canoe and Kayak Access for Sunfish Lake Park and Public Bikes for the COR. Staff presented how the 'self - serve' public kayak and canoes would be operated with a swipe card available at city hall and day rental of bikes for use in the COR. Funding would come from the Park Trust Fund in the amount of $9,000 and $5,000 from the Statewide Health Improvement Program Grant (SHIP). A concern was raised over the liability issue and staff was asked to research with city's insurance agent. The city received a copy of the waiver form used by the League of MN Cities and there is an additional insurance charge of $14.50 for canoes and kayaks. Case 3: Review of Budgets - Eda, Enterprise and General Fund - An overview was given of the budget amendments to reflect final activity for 2010 and 2011 budgets for the EDA and Enterprise Funds. Observations: Council Action: Motion to confirm the recommendation of the Finance Committee on the following cases: Case 1: Motion to confirm the recommendation of the Finance Committee to recommend that the City Council authorize a not -to- exceed amount of $5,800 for the City's Agent of Record for Property, Casualty and Workers Compensation services. Case 2: Motion to confirm the recommendation of the Finance Committee to recommend that the City Council approve funding of the self -serve canoe and kayak system at a not -to- exceed amount of $9,000 from the Park Trust Fund, and apply $5,000 in SHIP monies to the canoes and kayaks, first, with any excess SHIP funds to be used toward the purchase of public bicycles. Case 3: Motion to confirm the recommendation of the Finance Committee to accept the budgets for EDA, Enterprise and General Fund and adopt attached corresponding resolutions.