Agenda - Council - 09/13/2004 - Laserfiche WebLink

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and charges, there is no distingnishing factor for fire prevention services. This section xvould encompass Fire Suppression Fees, Fire Alm'm Fees, Contractual Fees, Fire Service Fees, etc. These rates would go into effect tomorrow if passed. Counciln~ember Elvig reported it was the recommendation of the Finance Committee to approve the rates as presented in the resolntion. Motion by Councilmember Elvig, seconded by Councilmember Strommen, to ratify the l'eCOlnmendation of the Finance Committee and adopt Resolution #04-08-216 amending the 2004 Schednle of Rates, Fees and Charges. Further Discussion: Councilmember Kurak inquired if the sewer and xvater rates would now be in line with other communities. Finance Officer Lurid responded in the affirmative. She explained they would now be within a couple of hundred dollars of surrounding communities. Ramsey's rates were very low. Councilmember Kurak clarified that the funds xvill be collected from development fees, and will not be user fees. It is important to note that this refers to a cotmection charge, and will not be a charge on users. Motion cmTied. Voting Yes: Mayor Gamec, Councilmembers Elvig, Strommen, Cook, Kurak, and Zimmerman. Voting No: None. Absent: CouncilmemberPearson. 3) Creation of a Park Fund Finance Officer Lurid reviewed that on Jnne 10, 2004, City Council held a joint meeting with the Park & Recreation Commission. During this meeting, the creation of a new Park Fund was discussed. The Park Commission, as xvell as City Council was in agreement that a new fund should be created. She reviewed the following information that was discussed by the Finance Committee: 1. The Park Fund will be used to account for resources accumulated to deft'ay the Cost of maintaining and/or acquiring park improvements. 2. Revenue Sources for the Park Fund would be: Donations Excess General Fund Revem~e Transfer in the amount of 10%. To accomplisg this, the current transfer of 50% to the PIR Fund will need to be amended to 40%. ~ h~terest Earnings fi'om pooled interest earnings. > Potential User Fees. 3. Expenditures that will be allowed from the Park Fund: Yearly transfer to the General Fund in the amount of 100% of accrued interest earnings to offset park maintenance costs. > Any Capital Expenditures (non-operating) that would utilize' principal and are apprpved by a four-fifths vote of the City Council. > Fund balance shall be increased to and maintained at $3,000,000 unless Council declares an emergency situation exists. -36- City Council/August 10, 2004 Page 12 of 27