City Council Minutes 2015 06 09 SP

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City Council Special Meeting Minutes June 9, 2015 Page 2 of 12 Council member Keany called for changes to the consent agenda and hearing none, moved to approve the agenda, seconded by Council member Stolzmann. All were in favor. Absent: Mayor Muckle and Mayor Pro Tem Dalton. A. Approval of Bills B. Approval of Minutes — May 19, 2015; May 26, 2015 C. Award Bid For the 2015 State Highway 42 And Paschal Drive Traffic Signal Installation Project D. Approve Resolution No. 37, Series 2015, a Resolution Approving a Final Subdivision Replat For a Property Located at 1055 E. Lafayette Street, in the Industrial Area Subdivision, Adjacent to the DELO Subdivision E. Approve Resolution No. 38, Series 2015, A Resolution Approving an Amendment to an Existing Final Planned Unit Development (PUD) Plan (Cheng's Place) to Allow for a 698 Square Foot Addition, New Entrance and Modified Circulation Pattern F. Approve Purchase of John Deere 4066R Tractor BUDGET RETREAT: DISCUSSION/DIRECTION ON THE 2016 -2020 CAPITAL IMPROVEMENT PLAN (CIP) AND RELATED ISSUES Council member Keany noted this was Council's Budget Retreat and called for a staff presentation. City Manager Fleming stated staff will review and ask for Council discussion and direction on the following: • Revenue assumptions, expenditure targets and major fund financial forecasts • 2016 -2020 Capital Improvements Plan (CIP). • Draft Update of Financial Policies • Potential Contributing Projects for 2016 • Budget Calendar Revenue assumptions, expenditure targets and major fund financial forecasts City Manager Fleming explained to anticipate the funding available to pay for the projects proposed in the CIP, and for the departmental operations Council will consider later in the budget process, staff updates the revenue assumptions and expenditure targets on which the Long -Term Financial Forecasts are based. Staff wants Council to discuss and provide staff with direction on any changes Council believes may be necessary for the Revenue Assumptions and Expenditure Targets. Changes in these assumptions and targets will affect the Fund Financial Forecasts. He summarized some of the more significant assumptions and targets affecting the funds containing capital projects.