City Council Minutes 1994 08 31 - Laserfiche WebLink

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DISCUSSION - BUDGET DISCUSSION - CONSERVATION TRUST FUND - 5-YEAR CIP WRAP-UP Sharon Asti-Caranci, acting City Administrator, stated that the changes in the revised submission to Council were in the sales tax. Colony Square was removed, which reduced the revenues by about $52,000 and interest by $53,000. The offset of the interest would affect land acquisition. DISCUSSION - CAPITAL PROJECTS FUND - 5-YEAR CIP - WRAP-UP Asti-Caranci stated that the changes fi.om the original submission to the revised submission to Council were taking Colony Square out of the sales tax, a reduction of $124,000, and a reduction of interest of $36,000. The changes in the project are under street improvements by adding $914,000 over the five year period of 1995 - 1999. Under the Downtown Project, it has been phased over five years to 1999. In 1997 the project was reduced to $233,000, 1998 to $231,000, and $265,000 was added in 1999. The planning for the Recreation Center expansion project was left in the budget, moving from 1998 to 1999. The actual construction was removed from the Budget until further analysis could be done. DISCUSSION - COMBINED CAPITAL IMPROVEMENT BUDGET - 5-YEAR CIP Asti-Caranci provided Council with four different scenarios in addition to the original submission. Taking out the Knollwood Subdivision; Eliminates Knollwood and increase on the Service Expansion Fees 3.29% each year; Eliminates Knollwood and takes a half a cent of new sales tax dollars from Parcel O and putting them into this fund; Eliminates Knollwood and puts a penny of new sales tax from Parcel O into this fund. Mayer was concerned about the $105,000 allocated on page 20 for City Hall Expansion Planning and Construction. Mayer favored scenario "B" because he wanted the sales tax to go somewhere else. Davidson wanted funding at some point for paving 104th concerning connecting 96th Street to Hwy. 42. Lathrop, Davidson, Sisk, Levihn, and Keany favored scenario "D." 2