Agenda - Planning Commission - 10/07/2004

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and charges, there is no distinguishing factor for fire prevention services. This section would encompass Fire Suppression Fees, Fire Alann Fees, Contractual Fees, Fire Service Fees, etc. These rates would go into effect tomon'ow if passed. Councill11el11ber Elvig reported it was the recommendation of the Finance Committee to approve the rates as presented in the resolution. Motion by Councilmember Elvig, seconded by Councill11ember Strommen, to ratify the recommendation of the Finance Committee and adopt Resolution #04-08-216 amending the 2004 Schedule of Rates, Fees and Charges. Further Discussion: Councilmember Kurak inquired if the sewer and water rates would now be in line with other cOlIU1lUnities. Finance Officer Lund responded in the affinnative. She explained they would nO\\I be within a couple of hundred dollars of sunounding communities. Ramsey's rates were very low. Councilmember Kurak clarified that the funds will be collected from development fees, and will not be user fees. It is important to note that this refers to a connection charge, and will not be a charge on users. Motion carried. Voting Yes: Mayor Gamec, Councilmembers Elvig, Strommen, Cook, Kurak, and Zimmennan. Voting No: None. Absent: Councilmember Pearson. 3) Creation of a Park Fund Finance Officer Lund reviewed that on June 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 well as City Council was in agreement that a new fund should be created. She reviewed the following infonnation that was discussed by the Finance Committee: I. The Park Fund will be used to account for resources accumulated to defray the cost of maintaining and/or acquiring park improvements. 2. Revenue Sources for the Park Fund would be: , Donations , Excess General Fund Revenue Transfer in the amount of 10%. To accomplish this, the current transfer of 50% to the PIR Fund will need to be amended to 40%. , Interest Earnings from pooled interest earnings. r 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 eamings to offset park maintenance costs. T Any Capital Expenditures (non-operating) that would utilize principal and are approved by a tour-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. City CounciVAugust 10, 2004 Page 12 of 27 P26