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10 F. inutes CASE ~2: <br /> <br />Background: <br /> <br />REVIf~ FINANCIAL PLAN FOR VULUNi~it~ FIRE DEPART~2gT <br /> By: Dave Hartley, City Administrator <br /> <br />At the City Council's last regular meeting it was requested that a financial <br />plan be provided to the City Council by the February 24, 1988 Council meeting. <br />Work contiDues on this financial plan at the time of the preparation of this <br />case. However, it would appear that over a ten year period the average <br />expenditure required to finance a fire depar~nent with only one fire station <br />would be approximately $130,000 and if the City considers two fire stations, <br />that cost would be approximately $250,000 per year. <br /> <br />~thods of financing that are being considered are: <br /> <br /> -Sale of General Obligation Improvement Bonds of the City of Ramsey; <br /> -Use of proceeds from the sale of the landfill; <br /> -General ad valor~ taxes; <br /> -Fund raisers; <br /> <br /> -A combination of several of the above. <br /> <br />The complete report will be available at or before the Council meting. <br />Recommendation: <br /> <br />Council action will be to review the financial plan for the volunteer fire <br />department. <br /> <br />Review Checklist: <br /> <br />A~inistrator <br />Attorney <br />Engineer <br />Community Develot~ent Director <br /> <br />Chief of Police <br />Finance Officer __ <br />Public Works Superintendent <br />~her __ <br /> <br /> <br />