My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
06-17-13-WS
ArdenHills
>
Administration
>
City Council
>
City Council Packets
>
2010-2019
>
2013
>
06-17-13-WS
>
06-17-13-WS
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
6/13/2013 6:11:52 PM
Creation date
6/13/2013 6:11:42 PM
Metadata
Fields
Template:
General
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
57
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
AGENDA ITEM 1B <br /> <br /> <br />MEMORANDUM <br /> <br />DATE: June 6, 2013 (for June 17 th work session) <br /> <br />TO: Honorable Mayor and City Councilmembers <br /> <br />FROM: Patrick Klaers, City Administrator <br /> <br />SUBJECT: Franchise Fees; Round Lake Road West; and other CIP Projects <br /> <br /> <br />There are a number of Capital Improvement Plan (CIP) projects and topics that I would like the <br />th <br />City Council to review and discuss in some detail at the June 17 CIP work session. Depending <br />on Council priorities, a few of these projects could take place in the next year or two. <br /> <br />First, I have not yet received any additional information from Xcel regarding a breakdown of the <br />revenues generated from franchise fees. Accordingly, the Council discussion on franchise fees <br />will have to take place using the information that is currently available. In this regarding, <br />attached is my memo from last week on this topic. I am looking for Council feedback and <br />during, or after the review of the draft 2014-18 CIP. <br /> <br />Regarding specific improvement projects, the one project that really needs Council consideration <br />at this time is Round Lake Road West. Please see the attached memo from Public Works <br />Director Terry Maurer on this project. My general overview comments on this project are in the <br />paragraph below. <br /> <br />Round Lake Road West <br />As previously discussed with the City Council, this improvement project can be financed with <br />TIF District 2 funds and utility funds. It appears that this project would not require the use of <br />City PIR funds or MSA funds or need to be assessed to benefitted property owners. The City is <br />required to spend these TIF funds by 2015 or else amend the TIF plan. The District expires in <br />2015 and the City will have about $1.5 million available for this project. (Please see the attached <br />February 21, 2012, memo from Sue Iverson, Director of Finance and Administrative Services.) <br /> <br />Using the funds generated from this TIF District for an improvement in the District makes <br />logical sense. On the other hand, the City (EDA) could amend the plan and spend the TIF funds <br />on another eligible project/activity such as on any of the three projects listed in the next <br />paragraph. It should be noted that the 2014-18 CIP shows a $2.6 million Round Lake Road West <br />12 <br />Page of <br /> <br />
The URL can be used to link to this page
Your browser does not support the video tag.