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ARDEN HILLS CITY COUNCIL - MARCH 29, 1999 12 . She noted that, in the time that she has lived in the neighborhood, school buses have never stopped at Lexington Avenue. The school buses either stop at Edgewater Road or Shoreline Lane. Additionally, there have been emergencies with fire trucks and ambulances and these vehicles have had no problem turning around. Mr. Albert Hohmann, 3154 Shoreline Lane, stated that two day ago a neighbor on Shoreline Lane had a diabetic coma and one ambulance and two police cars responded to the emergency. He indicated that 40 years ago there had been a turn around at the end of Shoreline Lane and there is still a large lot, which is used for a turn around. For this reason there are no safety issues with regard to the configuration of the street. The motion carried unanimously (5-0). B. Finance Committee Presentation, Joint Maintenance Facility Funding Options Mr. Mertensotto stated that when he appeared before the City Council last year the intent of the Finance Committee was to bring the Joint Facility Maintenance Facility project to the attention of the City Council. Since that time, the Finance Committee has met with Ehlers who were assisting the City of Hutchinson with their joint facility project. The fundamental issues of these discussions had been regarding timing and control. Ehlers had discussed the fact that control is the most important issue. The Finance Committee looked at the City as being either a tenant in the joint facility, being the financing lead agency in the joint . facility, or constructing a new facility for exclusive Arden Hills' use. The Finance Committee provided a chart that showed how Arden Hills would stand in either a high level of control or a low level of control. At the lowest level the City would be a tenant, at the highest level, the City would be owner. With regard to feasibility, Ramsey County was contacted to find out if this project has been included in their Capital plan. It was found that the project has been proposed, however, nothing has been funded. The cost for the project would be approximately $2 million dollars if the City were the sole occupant. If the project were a joint facility with Ramsey County the cost would be approximately $13 million dollars. The Finance Committee considered the likelihood of achieving the facility and the timeliness according to the various levels of control. Another issue was the visual impact and to what degree the City could influence the appearance of a joint facility without being the landlord. . The Finance Committee did explore several financing options and the funding could be from a General Revenue Bond that would eliminate the need for a market based levy referendum. This is assuming that, since it would be a sewer and water related facility, one-third of the project could be funded in cash up front and only two-thirds of the project would be bonded.