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. . . ARDEN HILLS CITY COUNCIL - APRIL 10, 2000 7 Mr. Post stated that several operating transfers not included in the adopted 1999 budget required Council approval. Mr. Post reviewed the transfers as follows: General Frmd (] 0 I) I. An additional $206,250 operating transfer to Municipal Land and Building Fund No. 408, resulting from an estimated 1999 General Fund operating surplus of revenues exceeding expenditures. 2. $251,000 operating transfer to Permanent Improvement Revolving (PIR) Fund No. 501. This transfer is represented by (a) $151,000 originally budgeted as the 1999 Pavement Management Program (PMP) allocation (The West Round Lake Road Phase II project was postponed); and (b) $ 100,000 from an estimated 1999 General Fund operating surplus of revenues excceding expenditures. Communitv Services Fund (225) 1. An additional $9,697 operating transfer to the Program Fund No. 226 to fund the 1999 operating delicit (total transfer to the Program Fund is $50,000). 2. A $30,000 operating transfer to the Fire Equipment Sinking Fund No. 412. This action is in keeping with prior Council policy direction of utilizing 60% of charitable gambling revenues for parks and recreation needs and 40% of the revenue stream for public safety capital needs. MOTION: Council member Grant moved and Councilmember Aplikowski seconded a motion to approve unbudgeted operating transfers for 1999, as outlined in Mr. Post's April 4, 2000 memorandum. The motion carried unanimously (5-0). C. West Round Lake Road Phase I, Authorization to Execute an Agreement to Convey Easement Mr. Post stated that when the City of Arden Hills undertook the West Round Lake Road Phase I improvement in 1999, the project required two property acquisitions: the Indykiewicz parcels and approximately 2,400 square feet of property owned by the Nott Company. The Indykiewicz acquisition agreement was completed in March 1999. However, the Nott parcel easement was never finalized. The Not! Company gave the City permission to construct the new roadway with the understanding that the pernmnent easement agrcement was a remaining open item. The Nott Company contacted the City in December 1999 in regards to linalizing thc easement agreement. The Not! Company and City Staff have agreed on a purchase price of $2.75 per square foot or a total of $6,600.00 for obtaining the easement.