Minutes - Council Work Session - 09/13/2022

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December 13 meeting. She added that more can be discussed about the bonds in regard to the water treatment plant. She added that if a larger bond issue is done all at once, normally bigger firms will give a better rating, which could have a reduced interest rate. She mentioned that PACT Charter School is issuing their debt at the end of September and part of that was them escrowing funds if the City issued less than $10,000,000 but with the City’s issuance of $12,000,000, PACT will no longer have to spend these funds. She said she will communicate with PACT on the City’s issuance numbers. Acting Mayor Riley asked the Council if they were all in agreement. Councilmember Specht asked about a rough estimate of a time frame of getting caught up on these projects. City Engineer/Interim Public Works Director Westby stated that he is diligently working on this and there is a plan to spend the bond money within three years and it would have to be spent by December of 2025. He added that the City will need to use a consultant for one of the larger State aid projects each year over the next three years and the rest can be done in house. Acting Mayor Riley asked if it was $12,000,000 of bond money in addition to the $1,700,000 that the City would be setting aside every year. City Engineer/Interim Public Works Director Westby said that was correct. Councilmember Specht asked about the COVID money as well. Finance Director Lund stated it will all go into the pavement management fund. Councilmember Specht added this will tie into the Highway 10 construction. City Administrator Hagen mentioned the motion that will be made later this evening in regard to the temporary snow plow wages and wanted to see if the Council had any questions on this as part of the budget process. Administrative Services Director Lasher discussed the first case on the regular agenda to increase pay scales of the temporary ice rink attendant and the temporary on-call snow plow driver. She explained the estimated increase for 2022-2023 is $5,040 if Council agrees to her recommendation. She added this money would be spread over the two budget years and the 2022 portion would come from the savings due to Staff turnover this year and the 2023 portion would come from the contingency fund. Acting Mayor Riley stated he believes if they did not do this the City would not be able to hire anyone. The Council was in agreement to move forward with the wage increase. City Council Work Session / September 13, 2022 Page 8 of 16