Agenda - Council - 04/25/2006 - Laserfiche WebLink

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Motion by Councilmember Cook, seconded by Councilmember Olson, to adopt Ordinance #06- 12 to amend Chapter 2.03 of the City Code titled "Boards and Commissions". A roll call vote was performed by the Recording Secretary: Mayor Garnet: aye Councilmember Cook: aye Councilmember Elvig: absem Councilmember Jeffrey: absent Councilmember Olson: aye Councilmember Pearson: aye Councilmember Strommen: aye Motion carried. Case #10: Introduction of an Ordinance Repealing Section 2.03.06, Subdivision 5, Horse Care Board and Amending Section 5.09.05, Horses Mayor Gamec reviewed that this 'ordinance will eliminate the Horse Care Board. The ordinance was discussed at the March 28, 2006 work session. Motion by Councilmember Cook, seconded by Councilmember Strommen, to introduce an ordinance repealing Section 2.03.06, Subdivision 5, Horse Care Board and Amending Section 5.09.05, Horses. Motion carded. Voting Yes: Mayor Gamec, Councilmembers Cook, Strommen, Olson, and Pearson. Voting No: None. Absent: Councilmembers Elvig and Jeffrey. Case #11: Report from Finance Committee 1) Authorize Transfer of General Fund Revenues Councilmember Strommen explained according to the Excess Revenue Policy, excess revenues to be transferred from the General Fund are as follows: Equipment Revolving Fund - 10%; Facilities Construction Fund - 40%; Public Improvement Revolving Fund - 40%; and Park Trust Fund - 10%. After meeting the fund balance requirements at year end, $210,937.71 remained as excess revenues to be transferred from the General Fund. During 2005 two street assessment projects were brought forward to City Council with a portion of their costs to be funded from the General Fund. In addition, City Council had authorized the services of Jim Lasher to provide project management services in the Town Center area. Staff has recommended that the necessary funding for the street assessment projects and Jim Lasher's services be obtained from the 2005 excess revenue balance. After these costs are deducted from the 2005 excess revenue balance of $210,937.71, it leaves a balance of $18,349.71. The Finance Committee recommends the City Council adopt a resolution authorizing the transfer of the General Fund Excess Revenues to the Equipment Revolving Fund, the Facilities Construction Fund, the Public City Council/April 11, 2006 Page 19 of 26 -81-