HomeMy WebLinkAbout2002 04-04 FCMFinancial Commission
Meeting Minutes
April 4, 2002
1. Call to Order
The meeting was called to order by Chair Escher at 7:00 PM
2. Roll Call
Members Present: Chair Escher, Commissioners Elftman and Blamey.
Members excused: Commissioners Nemec, Peterson, Hruska and Wilkinson
(Although there was not a quorum, the Chair determined that a discussion of the items
before the Commission would be in order.)
Others Present: City Manager Michael McCauley and Fiscal and Support Services
Director Douglas Sell.
3. Budizet Review-State Aid Proiections
City Manager McCauley provided updated information regarding the 2002 budget and
the potential impact of the various plans that are before the legislature. The Senate
version does not provide for reductions in state aids for FY 2002. The changes for FY
2003 would include a reduction of minor forms of aid such as police training,
performance aid, etc. but does reduce the primary aid source, LGA. Loss of these aid
forms would be less than tens of thousands rather than some of the original projections of
hundreds of thousands. The House version has similar provisions for FY 2002 but does
not address the additional shortfall for FY 2003. If neither plan is adopted or if no plan is
adopted, the Governor does have discretionary authority to unallot. As with all such
plans, it must first find its way through the legislature before it can be implemented. Mr.
McCauley indicated that the results of this process would probably not be known until
May of June.
Chair Escher reviewed reminded members of the upcoming recognition of Commission
Members on Monday, April 15, 2002.
It was suggested that minutes be e-mail rather than mailed to Commission Members
4. New Business
City Manager McCauley provided background information regarding Chapter 2 of City
Code regarding the disposal of unclaimed, forfeited or found property. The current
ordinance has not been reviewed and updated for more than five years and contains some
language that limits the City's ability to claim property for City use that is suitable. The
matter will be referred to the City Attorney for review and recommendation.
Fiscal Services Director Sell reviewed the RFP requirements for Fiscal Services (bond
sale, specific project analysis, cash flow analysis, etc.) that is scheduled for review in
2002. It was suggested that the current service provider be retained for an additional two
years as provided for under the current service schedule. (The current service schedule
provides for an RFP every 4 to 6 years). Following some discussion, a consensus was
reached among the Commission Members present whereby the current service provider
would be continued for an additional two years.
Fiscal Services Director Sell related that insurance agent services are on the schedule for
2003. He suggested that this RFP be moved to 2002, as there appears to be a savings to
be achieved by bidding this service sooner. Again, there was consensus among the
Commission Members present to move forward with the RFP process for Insurance
Agent services.
5. Updates
City Manager McCauley indicated that Culver's has been identified as a potential
occupant for one of the parcels as part of the redevelopment activity at 691' and Brooklyn
Blvd. is underway.
The Brookdale Center project is proceeding with a commitment from Marshall-Fields to
make improvements of more than $7.5 million to their facility. A permit was recently
requested for these improvements.
The Joslyn site redevelopment has entered the third phase and the developer has reported
strong interest in the facility proposed. Phase two is now 60%-65% occupied.
Relocation and improvements to France Avenue are ready for Council action. MPCA
and MDH have provided the City Council with information that would indicate that there
are few if and environmental concerns relating to this project that have not already been
addressed or will be addressed with the adoption of the emergency response action plan.
Construction and remodeling of the Community Center and City Hall is proceeding. The
project is scheduled for completion in the May/June time frame. City Manager
McCauley provided Commission Members with a tour of the new City Hall
reconstruction including the City Council chambers.
7. Next Meetine
The next meeting has been scheduled for Monday, May 20, 2002, 6:00 PM at City Hall.
This will be a joint meeting with the City Council to begin discussion about 2003 Budget.
A second joint meeting is scheduled for Monday, June 17, 2002, 6:00 PM at City Hall to
discuss the audit report from Deloitte and Touche for FY 2001.
8. Meeting End
Members were dismissed by the Chair and the meeting ended at 7:45 PM
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