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FINANCE COMMITTEE <br />CITY OF RAMSEY <br />ANOKA COUNTY <br />STATE OF MINNESOTA <br /> <br />The Ramsey Finance Committee conducted a regular meeting on Tuesday, January 25, <br />1994, at the Ramsey Municipal Center, 15153 Nowthen Boulevard N.W., Ramsey, <br />Minnesota. <br /> <br />Members Present: <br /> <br />Mayor James Gilbertson (arrived approximately 6:30 p.m.) <br />Councilmember She[la Beyer <br />Councilmember Glen Hardin <br />Councilmember Kenneth Peterson <br />Councilmember Gerald Zimmerman <br /> <br />Also Present: <br /> <br />City Administrator Ryan Schroeder <br />Finance Officer Jessie Hart <br />City Engineer Steven Jankowski <br />Parks/Utilities Coordinator Mark Boos <br />Environmental Specialist Bruce Bacon <br /> <br />CALL TO ORDER <br /> <br />Councilmember Peterson called the regular meeting of the Finance Committee to order at <br />6:05 p.m. <br /> <br />CITIZEN INPUT <br /> <br />None <br /> <br />CONSENT AGENDA <br /> <br />None <br /> <br />APPROVE AGENDA <br /> <br />Consensus of the Committee was to approve the agenda as presented. <br /> <br />COMMITTEE BUSINESS <br /> <br />Case #1: Review Rates for Special Utility District <br /> <br />Finance Officer Hart described Tax Increment Financing (TIF) and the use of these funds <br />to construct the sewer and water systems as utilities in accordance with Minnesota State <br />Statute. A service availability surcharge (S.A.S.) was established and is currently charged <br />at the time of hook-up to the systems. The S.A.S. is billed quarterly over a period of 10 <br />years and is anticipated to provide the resources to extend the trunk utilities. In addition to <br />the S.A.S., a user rate was established which is anticipated to cover the City's cost of <br />providing the lateral service, operation and maintenance costs, ownership fees and a <br />margin. The lateral service cost, before capitalizing interest and amortizing over 30 years, <br />was estimated to be $7,500. There was not consideration given for an inflator on the lateral <br />service cost due to the manner in which it was to be billed. Ms. Hart recommended that the <br />lateral cost be set up in a manner consistent with the S.A.S. for mink charges and shown <br />separately on the utility bill for a specified period of time, with the availability of prepaying <br /> <br />Finance Committee/January 25, 1994 <br /> Page I of 3 <br /> <br /> <br />