Agenda - Council - 09/26/2006 - Laserfiche WebLink

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the building for five to ten years, if they were to take the most active approach, these things would be repaired so as to not further cause leaks and degradation of the structure. If the station replacement will be ten years out they may want to consider more stabilization of the exterior of the structure than would likely be necessary if the replacement would be two years out. Councilmember Olson asked if staff could provide information regarding changes to the architects cost estimates based on the time frame anticipated for the replacement. She indicated this should include information on what is necessary for stabilization and should also include an inflation factor. Fire Chief Kapler replied if staff is provided with an anticipated date a strong recommendation on the estimated costs could be provided. Finance Officer Lund advised on the possible use of the Equipment Replacement Fund for a portion of the down payment on the fire station replacement. She indicated there is currently a $4,000,000 balance in this fund. Councilmember Jeffrey stressed the need for a review of how the project would be cash - flowed. Councilmember Strommen noted the need to put together a timeline with the City's major proj ects. The following upcoming major projects were noted to be discussed in addition to the fire station no. 2 replacement: water treatment center; public works facility; and road improvements. Fire Chief Kapler stated for the purpose of the 2007 budget, a target date needs to be determined for the fire station replacement to determine some of these costs. He indicated the budget document discussed tonight does not include anything in relation to this project. City Administrator Norman indicated this fire station replacement study can be further refined by staff, including what is necessary to stabilize the current building and what City funds are available for this project, such as through the Equipment Replacement Fund. Finance Officer Lund advised a loan could be conducted through the Equipment Replacement Fund with a reimbursement resolution if it is determined to bond at a later time. Consensus of the Council was to direct staff to further refine the Ramsey Fire Station No. 2 Replacement Study in the areas of stabilization necessary and associated costs based on the following scenarios: • Building completion end of 2008 • Building completion end of 2012 City Council Work Session / August 29, 2006 Page 5 of 8 —49—