07-13-2020-SWS - Laserfiche WebLink

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continue with purchasing the land the closing date would need to be on or before September 21, 2020. The elected representatives on the LJFD Fire Board and City Administrators/Managers met (via Zoom) recently to discuss the progress of the agreement and see where each City stands. The City Administrator and Councilmember McClung were on the call, and explained the position of the City as it stands today. The other two cities, Shoreview and North Oaks, reviewed the updated draft agreement (see Attachment B), and had the following suggestions and/or concerns. -Station Funding: both Shoreview and North Oaks had concerns about leaving the future debt service payments for a fire station fixed at the time of bonding for either having one city bond for the entire project or having each city bond individually. Their preference would be to have the cost share formula remain in place for the debt service payments or utilize Met Council 2040 breakdown, the 2040 population forecasts, and the change between today and 2040. Note: this is only the population changes, thnumber of households, market value, and fire calls. One thing to consider for the formula is it is based on a five-year rolling average, so if any one city were to experience dramatic swings in population, fire calls, etc. it would not impact that city immediately, but would have a lagging effect as the average catches up over a five-year period. Council may discuss and give direction on whether or not it is open to utilizing the current funding formula that would change annually, a formula based on estimates, or sticking with the current language of the allocation based on the percentages at the time of bonding. -Construction Timeline: the current language stipulates that construction will begin upon the unanimous consent of the three cities, and does not include a specified hard-start for construction. Shoreview and North Oaks had concerns about purchasing property outside of their respective cities without assurances of a construction date. The initial date of June 30, 2025 was discussed, the other two cities may consider pushing that back slightly, but did not feel comfortable with an agreement that did not have a specified date. Council may discuss and give direction on whether or not it wants to include a hard-date for the start of construction or leave the language as it currently reads. The above two issues appear to be significant sticking points between the three cities and if y to purchase the land.