1988-02-29 Special Bonding Options Fee Sched for S & W
CITY OF ALBERTVILLE
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POBOX 131
ALBERTVILLE, MINNESOTA 55301
PHONE (612) 497-3384
SPECIAL COUNCIL MEETING
FEBRUARY 29, 1988
A specIal work meetIng of the CouncIl was held on Febr
present Included: Mayor Loretta Roden; CouncIl members
Bob Braun; staff people Maureen Andrews, Thore Meyer,
Farnham and Bob MIller. The purpose of the meetIng wa
optIons and possIble fee schedules for sewer and water
Brad fIrst revIewed wIth the CouncIl the new schedules.
looked at pertaIned to the Sewer Revenue Bond WhICh we
and then at $700.00. Brad used the assumptIon that th
permIts per year and that the SAC charge would be Incr
two years.
The dIfference between the two base rates at the end 0
result In a cumulatIve cash flow amountIng to $53,567.
respectIvely. These fIgures do not take Into account
power the CIty wIll have on the money.
There was some dIScussIon about the SIze of the bond s
pOInted out that the FeasIbIlIty Report comes In at $2
costs. It was pOInted out that thIS change could effe
cash flow. It was decIded to rerun the schedule to se
the change mIght have.
The next Item dIscussed was the Issue of pond reserve.
that prIor to the Sewer Revenue Bonds beIng paId off,
be faced wIth the the need to some type of sewer expan
CouncIl needed to take theat Into consIderatIon when d
It was pOInted out that because there IS such a lImIte
the pond operatIons, the CIty can only estImate the re
The only thIng the CIty can do IS to make a conSCIence
that adequate money IS beIng put aSIde.
It was pOInted out by the EngIneers that through theIr
Phase I WIll generate flows assocIated wIth approxlmat
that gIven current flows, the ponds would be able to h
650 people (excludIng Phase I).
ary 29, 1988. Persons
Donatus Vetsch and
Bob Sullentrop, Brad
to dISCUSS bondIng
connectIons.
The fIrst two schedules
e run fIrst at $600.00
re would be 40 bUIldIng
ased by $50.00 every
the bond's 11 fe
3 and $105,567.63
ny Interest earnIng
ructure. Bob Sullentrop
5,735.00 plus bondIng
t the cumulatlve
how bIg of Impact
It was pOInted out
he CIty WIll lIkely
Ion and that the
termlnlng local charges.
track record on
erves beIng generated.
effort to assure
calculatIons that
ly 320 people and
ndle an addItIonal
At thIs tIme the dIScussIon became focused on the Issue of charges (Ie:
Sewer AvaIlabIlIty Charges, Water AvaIlabIlIty Charges, Sewer ConnectIon
Charges, Water ConnectIon Charges).
Make our City Your em
We mVlle Home, Industry Busmess
-SPECIAL COUNCIL MEETING
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It IS Meyer-RohlIn's thInkIng that there needs to be m
WAC Charge to cover those to cover those areas that WI
for Improvement up front. Thore cIted the example of
CommercIal land frontIng on C.S.A.H. #37. In these tw
lIne wIll serve two purposes: fIrst as an Interceptor
a lateral lIne for those propertIes frontIng on the 11
out that thIS charge, In essence, would be an "In lleu
The dIScussIon was then focused on how these charges w
when they would be paId and how they would be paId. I
the charge could be determIned on the per footage char
at the tIme constructIon cost come In or a portIon of
pOInted out that It would be benefIcIal If the In lIeu
up front to help defray some of the cost assocIated WI
of the trunk lInes.
Another Issue dIscussed was the fact that by settIng a
complexes, the CIty WIll be ahead of the game In gener
to cover the debt serVIce. It was agreed that there n
of charges and a descrIptIon of theIr purpose to help
that mIght arIse.
re than a SAC and
1 not be assessed
.J.'s and Darkenwald's
examples, the trunk
llne and then as
Thore pOInted
of" assessment charge.
uld be determIned,
was decIded that
e that wIll be determIned
hat rat e. It was
charge could be collected
h the InstallatIon
SAC charge for apartment
tIng the money needed
eded to be a set
lImInate any questIons
The group next dIscussed the Issue of JOInt Powers ro e In the development
of new water trunk lInes. It was explaIned to those t at were not famIlIar
WIth the agreement that, In essence, each CIty IS resp nSIble for bUIldIng
new water maIns and that then they are turned over to he JOInt Powers
Board. These extenSIons have been assessed back agaIn t the property receIVIng
benefIt. A questIon was raIsed regardIng the fInancIn of new trunk lInes
and water towers. It was pOInted out that SInce the J Int Powers agreement
was SIgned, there has not been any need to expand the runk lIne In any
of the communItIes so the Issue may never have been co sIdered. As far
as a water tower was concerned, If the assumptIon that the JOInt Powers
Board would be responsIble for bUIldIng a tower, It co Id also be assumed
that future development could be controlled by the other three communItIes.
.
Brad stressed that It IS Important that these Issues are resolved because
If AlbertVIlle does not have the abIlIty to collect rev nue to pay for these
Improvements that the CIty could be faced WIth short falls to cover the
bond payments.
There was some addItIonal dISCUSSIon regardIng these IS
agreed that It mIght be benefICIal If staff got togethe
some type of schedule of fees and prepare a descrIptIon
to reVIew at a later meetIng. The group conSIstIng of
Brad and Bob MIller. agreed to meet at Bob MIller's off
at 2:00 to work through these Issues.
Other Issues dIscussed Included the feaSIbIlIty report
the zonIng ordInances, and the tax Increment fInanCIng
ues but It was fInally
and worked out
for the CounCIl
aureen, Thore, Bob,
ce on Tuesday afternoon
or street maIntenance,
ollcy statement.
FEASIBILITY REPORT ON STREET MAINTENANCE - Meyer-RohlIn brIefly reVIewed
the report WIth the CounCIl. It was pOInted out that t e report estImatIng
the work to run some $80,000.00, and Includes some low rIorty street work.
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.SPECIAL COUNCIL MEETING
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It was noted by Maureen that the amount of $70,000.00 was notIced prIor
to her gettIng the new fIgure.
In a dIScussIon wIth Brad It was agreed that It would be ok If the smaller
amount was notIced SInce there had been a strong IndIcatIon that the CouncIl
mIght not want to spend anywhere near that amount. Bob MIller saId that
he would lIke to talk to Bond Counsel to be sure that It IS ok If the notIce
and feasIbIlIty are not for the same amount.
ZONING ORDINANCE - There was some dIScussIon about completIng the ordInances.
Maureen explaIned to the CouncIl that there Just has not been enough tIme
to work on the CodIfIcatIon but that It needs to be done. Two optIons were
suggested: 1. HIre an Intern to complete the work or 2. Check about havIng
Northwest AssocIates Consultants do the work. Brad explaIned that when
he had worked In Waconla, he had been faced wIth the same problem and that
they eventually contracted the work out.
Furthermore, It was also explaIned to the CouncIl that DavId Lltcht, who had
been Involved wIth the Altlake IndustrIal Park, has connectIons WIth BIll
Radzwlll and could be a good resource person for the CIty. Maureen was
asked to check wIth DavId to fInd out how much It would cost to complete
the ordInances and comprehensIve plan.
TAX INCREMENT FINANCING POLICY - The CouncIl told Maureen and Brad to begIn
workIng on a Tax Increment FInancIng POlICY for the CouncIl's reVIew.
There was no other busIness and the meetIng broke up.
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