Minutes-08/20/2014

Park improvement: decreased in cost. Restroom & satellite concession: Peggy: asked why accelerated? Mayor advd moved back about water but since water was there, they went ahead with project. Street scape project: discussion still but might be something that is wanted to be done. Splash pad: decreased to cost, 100k Urban revitztion: back 1 yr. whenever the prop become available then buy it. Railroad street parking: 1 yr acceleration to 16-17 Only real Big change was moving up wastewater. Begin to look at financing & michone will get back to him. You need to have a stratigy on how to barrow money. Use CIP as basis to gen obligation barrowing. Most cities find that want to barrow every so often. As beginning ot look toward barrowing. If city barrows more than 10m/yr, structure debt so you don’t go over bank qualification. Discussed ways to barrow. CIP needs to help forecast how you stage barrowing to not trip bank qualification limit (10m). pEGGY: what do you recommend to do with unused funds? bob: barrow now, or wait until next year. Is it cheaper to barrow or wait? Project time line? Only can have funds for 3 yrs and it needs to be spent. City should barrow every 2-3 yrs. Right now too early to discuss financials. Deerview Subdivision Mayor-Discuss why on agenda. 2 reasons : water issue out west (6 or 8 in) & traffic and safety. 6 in loop not designed to run as many homes. If lots are solds then city could get percent of lot price. Due to already figured into lot price, 21 lots. Either way the city will put in the street or developer puts in lot. Discussed other streets in subdivision. Ryan: its away to solve public safety issue. City would barrow money for him. Mark: developer don’t like city’s legal due to the time frame it takes. Redundancy fix wasn’t meant to supply both subdivisions. Will be a lien on land so city is still protected, but still have to do foreclosure process. Conflict interest of hart Fredrick representing city and developer. Reviewed by engineer rep for developer then given to engineer rep for city. Basically will be reviewed twice by city standards. Comprehensive Plan Economic development- swap develop plan and then making a group. Mayor sttd develop econ plan is first step. Then creat committee , then develop. And sidewalk map needs updated. Peggy: stt like TIF req, will help with decisions. Mark : railroad trail crossing Brown st is private access to water