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<br />the building for five to ten years, if they were to take the most active approach, these things <br />would be repaired so as to not further cause leaks and degradation of the structure. If the station <br />replacement will be ten years out they may want to consider more stabilization of the exterior of <br />the structure than would likely be necessary if the replacement would be two years out. <br /> <br />Councilmember Olson asked if staff could provide information regarding changes to the <br />architects cost estimates based on the time frame anticipated for the replacement. She indicated <br />this should include information on what is necessary for stabilization and should also include an <br />inflation factor. <br /> <br />Fire Chief Kapler replied if staff is provided with an anticipated date a strong recommendation <br />on the estimated costs could be provided. <br /> <br />Finance Officer Lund advised on the possible use of the Equipment Replacement Fund for a <br />portion of the down payment on the fire station replacement. She indicated there is currently a <br />$4,000,000 balance in this fund. <br /> <br />Councilmember Jeffrey stressed the need for a review of how the project would be cash-flowed. <br /> <br />Councilmember Strommen noted the need to put together a timeline with the City's major <br />projects. <br /> <br />The following upcoming major projects were noted to be discussed in addition to the fire station <br />no. 2 replacement: water treatment center; public works facility; and road improvements. <br /> <br />Fire Chief Kapler stated for the purpose of the 2007 budget, a target date needs to be determined <br />for the fire station replacement to determine some of these costs. He indicated the budget <br />document discussed tonight does not include anything in relation to this project. <br /> <br />City Administrator Norman indicated this fire station replacement study can be further refined by <br />staff, including what is necessary to stabilize the current building and what City funds are <br />available for this project, such as through the Equipment Replacement Fund. <br /> <br />Finance Officer Lund advised a loan could be conducted through the Equipment Replacement <br />Fund with a reimbursement resolution if it is determined to bond at a later time. <br /> <br />Consensus of the Council was to direct staff to further refine the Ramsey Fire Station No.2 <br />Replacement Study in the areas of stabilization necessary and associated costs based on the <br />following scenarios: <br />· Building completion end of 2008 <br />· Building completion end of2012 <br /> <br />City Council Work Session I August 29, 2006 <br />Page 5 of8 <br />