CCP 08-14-1995 - Laserfiche WebLink

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-- - - ., ~ __h'_ ~ _ . ...:. -- " U~ --"_'_'" H ---- - I . . . - ~ .' . .. - - ~ . ~ . ..n' _ . :. . ~ . ".- . ---- I- - ., I Arden Bills Finance Committee I June 22, 1995 I . I Call to Order: The meeting was called to order at 7:40 p.m. Members present included: Chuck Mertensotto, Cristine Leavitt, Tom Steele, and Chuck Stoddard. Also present I were Council Member Paul Malone and City Accountant Terry Post. Minutes of the May meeting have been revised and will be submitted separately. I TCMP UDdate - Tom Steele/Chuck Mertensotto Study is proceeding on schedule. June 8 workshop was a series of visionary exercises I (how the project will look 5-10-20 years from now) and collecting of inputs. Next week Camiros will present a recap of the material gathered so far. Tom Steele has m~ with Joyce Levine of Camiros to discuss the complex input/output matrix. .. -.. Financial Rc:view: Terry Post noted that he had sold the Piper Instih11ional Government I Fund on June 9. Despite all the problems with the fund, the City has realized a better- than money market return of 4.33% since purchase in late 1991. I Terry reviewed the City of Arden Hills Investment Policy. He recommended that the types of suitable investments be greatly narrowed from that which are now permissible. A new written proposal will be submitted for review at the next meeting of the Finance I Committee. Chuck Mertensouo led a discussion regarding water meter replacement funding - a one I time charge or a charge spread out over time. Terry will ask for a RFQ in writing from meter companies to try to more specifically pin down the cost of the project. I Paul Malone discussed various Council matters - County Road F assessments; National Guard and Arden Manor water hook-up; Bethel Mortgage. I Meeting adjourned at 9:30 p.m. I I. I --