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HILLS • cities that addressed this situation. ■ City lots have not been assessed in recent projects and have been removed from the assessment roll. Should City lots be factored into the assessment roll? Planning Commission should provide input as to how lots are defined. Councilmember Grant reminded the committee that the TCAAP development would be affected by this policy and future new developments were factored into the policy. We need to be aware of how our decisions will affect these policies and future development like TCAAP as the original task force did develop the policy with this in mind. Kris is available come back to recap and to discuss further questions, issues, or comments. 3.B FUND BALANCE POLICY DISCUSSION Finance Director Iverson revised the document based off of the previous meetings requests. Definitions were added the from the Cloquet policy. Remove the highlighted area of page 2 under the General Fund section. The unreserved fund b nce should be at 50%. State Auditors guidelines are 35%to 50%. Johnson recommended th " e is better flow between Reserved & Unreserved Funds and Unreserved Designated & U el-ye designated. It was requested that Finance Director Iverson makes the changes req ted and e` ail to FPAC members for final review to complete this policy. 4.A REPORT FROM THE CITY COUN'III . ou 'lmember Grant Councilmember Grant will no longer be our k � i` iaison. Our new Council Liaison will be Mayor Harpstead. As this groups sets p es , - need to look towards the future of the TCAAP property. There have been some pro s ith t location of the contamination filters; some of the piping may need to be relocated. received the CAFR award, this is an award for excellence in financial reportin Government Finance Officers Association of the United States and Canada (G . A).` re as a legislative visit for the Hwy 10/96 bonding request. This v'. made t apersdue to potential home loss for those living in the manufactured ho ated alon T0/96. The levy was approved at 4.6%. Our 2008 budget was adopted. The exington Plaza r evelopment received a lot of emails and public attention. The Planning Commission turned it down. Council put a moratorium on all building in the B2 area. Council is going to work on a development plan for that end of town. Michelle Wolfe resigned; she will be working for Aurora, Colorado. We are searching for a new City Administrator. During the interim, Jim Willis will be our interim City Administrator. He currently is on Plymouth's city council and works for the City of Rogers. Gateway, also called Traverse Business Center, has been fully approved, but needs a commitment from a tenant. The request to transfer the triangular piece of property to New Brighton was denied. No idea of what is being proposed for that property. Arden Hills, represented by the League of Minnesota Cities, is taking Clear Channel to court over electronic billboards. 4.B FPAC COMMENTS AND REQUESTS Bronson will not be at the February meeting. Ostlund will be taking his place. IIPlease note that there was not a meeting in November or December, 2007. City of Arden Hills