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planned within a justified time frame. It was further noted that initial project design of public <br />infi'astructm'e projects identified within this plan often begins two years or more prior to the date <br />of construction. The CIP is not intended to provide for precise budgeting. Capital costs are <br />projected as estimates. Upon each update of the plan, deletions, additions, delays, or other <br />revisions may occur, reflecting changing community needs. These changes allow for budget <br />refinements as a particular project nears actual construction. The plan does not contain a specific <br />designation, which denotes project priorities. There is no weighting or matching of priorities <br />between infrastructure types (streets, parks, utilities, building facilities) as each type of project <br />generally has a funding source unique to the project type and from which funds cannot be <br />reallocated. <br /> <br />Councihnember Hendriksen noted that the Committee had significant informal discussions prior <br />to the opening of the meeting. <br /> <br />Councilmember Zimmerman felt that they should have further discussion on the new projects <br />prior to approving the plan. He stated that they need to determine how much money will be <br />needed for the projects and how much they have to spend. <br /> <br />Councihnember Hendriksen agreed. <br /> <br />Councilmember Anderson stated that she would be willing to go ahead as long as it does not <br />authorize any spending on any projects. <br /> <br />Councilmember Hendriksen stated that he felt that they should be voting on a CIP that they can <br />agree with, not just have a plan when there are serious issues with the plan simply because it can <br />be changed later. He felt that there were to many unanswered questions to proceed. <br /> <br />Motion by Mayor Gamec, seconded by Councilmember Anderson, to recommend that the City <br />Council adopt the City of Ramsey's Capital Improvement Program for the years of 2002-2006, <br />noting that it is a forecasting tool and not actual, committed projects and expenditures, and all <br />projects will be reviewed when proposed. <br /> <br />Motion carried. Voting Yes.' Mayor Gamec, Councilmembers Anderson, and Kurak. Voting <br />No: Councilmember Hendriksen and Zimmerman. <br /> <br />COMMITTEE INPUT <br /> <br />None. <br /> <br />ADJOURNMENT <br /> <br />Motion by Mayor Gamec, seconded by Councilmember Hendriksen, to adjourn the meeting. <br /> <br />Motion carried. <br /> <br />Finance Committee/DcccmBci Page 3 of 4 <br /> <br /> <br />