HomeMy WebLinkAbout1995 11-09 FCMMINUTES OF THE PROCEEDINGS OF THE FINANCIAL COMMISSION
OF THE CITY OF BROOKLYN CENTER
NOVEMBER 9, 1995
CITY HALL, CONFERENCE ROOM A
CALL TO ORDER
Chair Donn Escher called the meeting to order at 7:00 P.M. in Conference Room A.
ROLL CALL,
Present at roll call were Chair Donn Escher, Commissioners: Ned Storla, Larry Peterson, and
Phillip Roche. Also present were Council Liaison Kathleen Carmody and Finance Director
Charlie Hansen. Commissioners Ron Christensen, Lee Anderson, and Jay Hruska were excused
by Chair Donn Escher.
Chair Donn Escher added an item 5b, City Council Compensation, to the agenda
Annroval of Minutes
A motion was made by Commissioner Phillip Roche to approve the minutes of the May 4, 1995
meeting. Commissioner Ned Storla seconded the motion and all members voted in its favor.
Results of Citizen Survev by Decision Resources Inc.
There was considerable discussion of the findings of the survey. Charlie Hansen reported that one
of the main findings was that there was support within the community for a bond issue for police
and fire facilities. Commissioners also noted support for a senior center and possibly some other
facilities. It was noted that findings on the size of a bond issue differed when the question was
posed as the total amount of bonds to be issued or as the additional dollars per month the
individual would be willing to pay to support a bond issue. It was decided that a presentation by
Decision Resources was needed. The City Council was urged to schedule such a presentation and
invite the Financial Commission.
Coital Improvement, Program
Charlie Hansen began the discussion with a review of the Capital Improvements Fund Expenditure
Policy. This was followed by a discussion of the listing of capital improvement needs. When the
item for replacing the radio system was reached, an extensive discussion followed of the option
of going to Hennepin County for dispatch services instead of continuing on our own.
Commissioner Phillip Roche moved that the Financial Commission is supportive of the City
Council setting priorities for the capital outlay needs so that an appropriate bond issue can be
submitted to the voters. Commissioner Ned Storla seconded the motion and all commissioners
voted in its favor.
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• Citv Council Comnensation
Donn Escher repor ted on a City Council meeting where a proposal was made to compensate City
Council members on the basis of meetings attended. The Financial Commission discussed this
proposal. Commissioner Ned Storla moved that the method of compensation, as well as the
amount of compensation, be addressed the next time the Financial Commission studies City
Council compensation. Commissioner Larry Peterson seconded the motion and all commissioners
voted in its favor.
RFP for Financial Advisor Services
Charlie Hansen reported that the City Council had directed that an RFP for Financial Advisor
Services be done before the next time the City issue bonds and that he wants to complete that
process this winter. Commissioners Ned Storla, Larry Peterson, and Phillip Roche volunteered
to serve on the sub-committee to evaluate candidate firms.
Next MeetinLy
The next meeting will be Thursday, January 11, 1996 at 7:00 P.M.
ADJOURNMENT
The Financial Commission adjourned the meeting at 9:28 P.M.
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