Minutes - Council - 08/10/2004 - Laserfiche WebLink

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and charges, there is no distinguishing factor for fire prevention services. This section would encompass Fire Suppression Fees, Fire Alarm Fees, Contractual Fees, Fire Service Fees, etc. These rates would go into effect tomorrow if passed. Counci hnember Elvig reported it was the recommendation of the Finance Committee to approve the rates as presented in the resolution. Motion by Cotmcilmember Elvig, seconded by Councilmember Strommen, to ratify the recolmnendation of the Finance Committee and adopt Resolution #04-08-216 amending the 2004 Schedule of Rates, Fees and Charges. Furthcr Discussion: Councilmember Kurak inquired if the sewer and water rates would now be in line with other communities. Finance Officer Lund 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 will be collected fi'om 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 Zimlnerman. Voting No: None. Absent: CouncilmemberPearson. 3) Creatiou 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 bc 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 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. > 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 approved 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. City Council/August 10, 2004 Page 12 of 27