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<br /> . Jl.ug, 1. 1995 liD5AM PORWEST1NVMGMTANDTRUST Ho. 2:,25 p ,,:,/r-, <br /> t.../ c... <br /> .. <br /> . <br /> . Arden Hills Finance Committee <br /> June 22, 1995 <br /> . <br /> . Call to Order: The meeting was called to order at 7:40 p,m. Members present included: <br /> Chuck Mertensotto, Cristine Leavitt, Tom Steele, and Chuck Stoddard. Also present <br /> . were Council Member Paul Malone and City Accountant Terry Post. <br /> Minutes of the May meeting have been revised and will be submitted separately. <br /> . TCMP Uodate - Tom Steele/Chuck Mertensotto <br /> Study is proceeding on schedule, June 8 workshop was a series of visionary exercises <br /> . (how the project will look 5.10-20 years from now) and collecting of inputs. Next week <br /> Camiros will present a recap of the material gathered so far. Tom Steele Iw m~ with <br /> .. Joyce Levine of Camiros to discuss the complex input/output matrix.. <br /> -- -- <br /> Financial Review: Terry Post noted that he had sold the Piper Institutional Government <br /> . Fund on June 9. Despite all the problems with the fund, the City has reafu:ed a better- <br /> than money market return of 4,33% since purchase in late 1991. <br /> . Terry reviewed the City of Arden Hills Investment Policy. He recommended that the <br /> types of suitable investments be greatly narrowed from that which are now peIIl1issible. <br /> . A new written proposal will be submitted for review at the nat meeting of the Finance <br /> Committee. <br /> . Chuck Menensotto led a discussion regarding water meter replacement funding - a one <br /> time charge or a charge spread out over time. Terry will ask for a RFQ in writing from <br /> meter companies to try to more specifically pin down the cost of the project. <br /> . Paul Malone discussed various Council matters - County Road F assessments; National <br /> Guard and Arden Manor water hook-up; Bethel Mortgage. <br /> . Meeting adjourned at 9:30 p.m. <br /> . <br /> .- <br /> . <br />