Laserfiche WebLink
MINUTES <br /> I��EN_ HILLS <br /> FINANCIAL PLANNING & ANALYSIS COMMITTEE <br /> TUESDAY, January 8, 2008 <br /> 6:00 P.M. <br /> Upstairs Conference Room, Arden Hills City Hall <br /> CALL MEETING TO ORDER AND ROLL CALL <br /> The meeting was called to order by committee chair, Scott Bronson at 6:00pm. <br /> MEMBERS PRESENT: Scott Bronson; Maurice Gieske; David Grant, Council Liaison; <br /> Al Hilgers; Jeff Johnson; Jim Ostlund <br /> OTHERS PRESENT: Sue Iverson, Finance Director; Joe Rueb, Accounting Analyst; <br /> Kristine Giga, Civil Engineer <br /> 1. APPROVAL OF AGENDA <br /> Motioned: Jeff Johnson ° <br /> Seconded: Al Hilgers <br /> 7 <br /> 2.A APPROVAL OF October 9, 2007 MI TES <br /> • Motioned: Maurice Gieske <br /> Seconded: Jim Ostlund <br /> 3.A ASSESSMENT POLICY DI ; <br /> Kris Giga is the Civil Engineer fo e u of Arden Hills. Giga works for the City of Roseville <br /> and is contracted out for the Ci -e "= g needs. <br /> The current assessment policy . FTC in place for three years, and with the last two street <br /> improvement projects, several issues'`-`.ve arisen. Staff recommends some revision to the policy, <br /> to be less restrictive in some areas and have further clarification in other areas. This would <br /> minimize deviation from the policy. <br /> Assessments include the cost of street reconstruction or mill and overlay costs, plus a set <br /> overhead fee. According to the policy, assessments are set prior to the start of the project and are <br /> based off of estimates. The past two projects were modified to be based off of the contract bid <br /> prices. The first question to consider is the timing of the assessments. Do we want to assess <br /> based on estimates before the project is bid, contract bids once the contract is awarded, or actual <br /> costs after the project is done? Johnson wanted to know if it is possible to have two assessments <br /> on one project. Assess 80% prior to construction and 20% after construction. Statute 429 will <br /> not allow two assessments on one project. Residents can pay-off the assessment interest-free <br /> • City of Arden Hills <br /> 1245 West Highway 96•Arden Hills Minnesota 55112 <br /> Phone 651.792.7800•Fax 651.634.5137 <br /> www.ci.arden-hills.mn.us <br />