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<br />Mr. Lasher explained there will be a balance remaining because of the success ofthe ridership. <br /> <br />Mayor Gamec noted the Finance Department has recommended using the Equipment Revolving <br />Fund, which has a balance of over $4 million, for the advance funding. <br /> <br />Councilmember Elvig commented utilizing this fund would allow the interest to be paid back to <br />the City instead of an outside source. <br /> <br />Mayor Gamec stated this bus service will be a definite benefit. In addition to Ramsey, the <br />service will benefit people from the surrounding area, and will help to take some of the traffic off <br />the Highway 10 corridor. <br /> <br />City Administrator Norman recommended the following additional language be added to the <br />motion: and further authorize staff to negotiate a fare price of $2.75/ride and a fare price less <br />than $4.50/ride with the NCDA Joint Powers Agreement. <br /> <br />Motion by Councilmember Cook, seconded by Councilmember Elvig, to authorize a Letter of <br />Intent to be submitted to Laidlaw Transit Services Inc. guaranteeing the cost of the start up <br />process and purchase of two fareboxes to allow the service to begin as soon as possible, and to <br />further authorize staff to bring back more information for determining a fare price between $2.75 <br />and $4.50. <br /> <br />Further discussion: Councilmember Elvig stated it is important to move forward on this as <br />quickly as they can. Ramsey is on the second wave with the rail, but they are getting this bus <br />service even before the rail is up and running. <br /> <br />Motion carried. Voting Yes: Mayor Gamec, Councilmembers Cook, Elvig, Olson, Pearson, and <br />Strommen. Voting No: None. Absent: Councilmember Jeffrey. <br /> <br />Motion by Councilmember Cook, seconded by Councilmember Elvig, that the funds for the start <br />up process and purchase of two fareboxes for the Ramsey Star Express be designated from the <br />Equipment Revolving Fund. <br /> <br />Further discussion: Councilmember Elvig clarified the cost of the advance will be paid back to <br />the Equipment Revolving Fund. <br /> <br />Motion carried. Voting Yes: Mayor Gamec, Councilmembers Cook, Elvig, Olson, Pearson, and <br />Strommen. Voting No: None. Absent: Councilmember Jeffrey. <br /> <br />Case #2: <br /> <br />Authorization to Draft an RFP for a Natural Resources Inventory <br /> <br />Community Development Director Trudgeon reported that the Environmental Policy Board <br />(EPB) has discussed the creation of a comprehensive inventory and assessment of the City's <br />natural resources. This inventory is critical as the City proceeds with the comprehensive <br />planning process for 2008. Staff would like to discuss this to be sure the Council is comfortable <br /> <br />City Council / October 24, 2006 <br />Page 8 of 20 <br />