HomeMy WebLinkAbout2002 01-17 FCMFinancial Commission
Meeting Minutes
January 17, 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 Hruska, Elftman, Nemec Peterson and
Wilkinson.
Members excused: Commissioners Blarney
Others Present: City Manager Michael McCauley and Fiscal and Support Services
Director Douglas Sell
3. Anmroval of Meeting Minutes
Motion by Commissioner Wilkinson, second by Commissioner Hruska to approve the
meeting minutes from August 9, 2001, October 15, 2001, October 29, 2001 and
November 19, 2001 (as corrected). Motion carried.
4. Election of Officers
Chair Escher opened the meeting to accept nominations for Commission Chairperson.
Motion by Commissioner Wilkinson, second by Commissioner Peterson to nominate Mr.
Escher as Chair person, close the nominations, and cast a unanimous ballot for the slate
of candidates. Chair Escher then appointed Commissioner Hruska as the Vice-chair.
5. Budeet Review
City Manager McCauley provided updated information regarding the 2002 budget and
the potential impact of the Governor's plan on the revenue generation capability of the
City should such a plan be adopted and implemented. 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 will probably not be known until May of June.
Highlights of the Governor's plan include a reduction of $661,000 in aids from the state
during the current fiscal year and an additional $100,000 in fiscal year 2003. There are
no levy back provisions for lost aid in this proposal. Any additional tax increases above a
predetermined levy limit would require a referendum vote.
In response to the initial issues presented in the Governor's plan and in anticipation of
some form of aid reductions, the City Manager has suggested a course of action that
include a hold on capital outlay items that may be purchased at a later date when funding
reductions are known. Other limitations may be imposed as the full impact is
determined.
Chair Escher reviewed, with the Commission, the situation in the early 90's when similar
issues were on the table.
is
6. Other Business
City Manager McCauley updated the Commission on the Police Chief appointment by
identifying Scott Bechthold as the new appointee.
Chair Escher reminded Commission members of the annual meeting for Commission
Chair's and the City Council at the West Fire Station, March 18, 2002 beginning at 6:30
PM. Chair Escher has asked that Vice-Chair Hruska attend the meeting as Chair Escher
has a previous commitment.
April 15, 2002 is the annual Council/Commission recognition meeting at the West Fire
Station. An announcement and invitation will be for the coming.
Redevelopment activity at 69"' and Brooklyn Blvd is underway. Community
Development Director Hoffinan is currently negotiating for an agreement with the second
developer for this site. The initial developer was unable to obtain the necessary
approvals and financing for the project and City Council directed that the next developer
on the list be contacted. The Brookdale Center project is proceeding with phase one
scheduled for opening in late February. The Joslyn site cleanup and redevelopment has
entered the third phase. There are concerns that as a result of rate compression for
commercial and industrial, the project may not cash flow in TIF District #4. As a result,
we have authority to pay obligations from TIF #3 to ensure the meet our obligations.
Construction and remodeling of the Community Center and City Hall is proceeding. The
project is scheduled for completion in the May/June time frame.
The Chair acknowledged the re-appointment of Commission members Peterson and
Hruska for an additional three-year term ending December 31, 2004. An updated roster
will be provided with current information.
7. Next Meetine
The next meeting will be with on Thursday, March 14, 2002 beginning at 7:00 PM, West
Fire Station.
8. Adiournment
Motion by Commissioner Wilkinson, second by Commissioner Hruska to adjourn the
meeting. Motion carried. The meeting adjourned at 8:22 PM.
0