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Councilmember Anderson inquired if it could affect future funding. <br /> <br />City Engineer Jankowski replied no, they would only be able to request the City reS. md MSA <br />moneys that had been spent on Dysprosium Street. <br /> <br />Case #9: <br /> <br />Report from the Finance Committee <br /> <br />1) Authorization to Direct Fiscal Impact Study Addendum <br /> <br />This item was tabled. <br /> <br />2) Authorization to Retain Springsted Incorporated for Continuing Disclosure <br /> Requirements <br /> <br />Motion by Councilmember Anderson, seconded by Councilmember Hendriksen, to authorize <br />Staff to enter into contract with Springsted incorporated to provide continuing disclosure for the <br />year ending December 31, 1999, in the contract mount of $850.00. <br /> <br />Motion ca~ied. Voting Yes: Mayor Gamec, Councilmembers Anderson, Hendr/ksen, Cormolly, <br />and Zirhmerman. Voting No: None. <br /> <br />3) Establishment of Capitalization Threshold for Fixed Assets <br /> <br />Motion by Councilmember Zimmerman, seconded by Councilmember Hendfiksen, to approve <br />the Capitalization Threshold for Fixed Assets Policy and adopt Resolution #9% 11-214 adopting <br />the threshold policy. <br /> <br />Motion carried. Voting Yes: Mayor Gamec, Councilmembers Zimmerman, Hendriksen, <br />Anderson, and Connolly. Voting No: None. <br /> <br />4) Decide Whether or Not to Waive Statutory Liability Limits for Insurance <br />Application <br /> <br />City Attorney Goodrich recommended that the City not waive the monetary limits on municipal <br />tort liability. <br /> <br />Motion by Councilmember Hendr/ksen, seconded by Councilmember Zimmerman, to not waive <br />the monetary limits on municipal tort liability establishment by Minnesota Statues 466.06. <br /> <br />C~ty Council/November 23, 1999 <br /> Page 20 of 25 <br /> <br /> <br />