Laserfiche WebLink
<br />~ <br />~HILLS <br /> <br />B. What factors do we want to consider <br /> <br /> <br />A. Reasons and Objectives for Policy <br /> <br />C. What information should we gather <br /> <br />Do we need a reserve plan or a contingency plan? Look at potential tax loss if a company <br />like Boston Scientific left Arden Hills. What are the financial implications? What would <br />be the cash flow needs, what is left over? Is the city sitting on any property? At this time <br />only the old city hall; no other major parcels ofland. <br /> <br />Requests for: CIP, equipment replacement plan, cash flow by month, example policies, <br />OSA reports, project expected expenditures, resource plan, long range financial plan, <br />reserve balance policies vs. other cities (same size and after TCAAP is built out). <br /> <br />Use the PCI rating to forecast when and what roads need to be replaced. Need CIP for <br />equipment replacement fund. What are the projections for the roads? Roads have a 30 year <br />projected life span. The City is doing more seal coating and crack filling to maintain <br />roads longer. <br /> <br />VII. NEXT MEETING AGENDA - September 11, 2007 <br />A. Continue Fund Balance Policy Discussion <br /> <br />VIII. ADJOURN <br /> <br />Motioned: AI Hilgers <br />Seconded: Jeff Johnson <br /> <br />~~ <br /> <br />~-i:i:M~ <br /> <br />Scott Bronson, Chair <br /> <br />Susan K. Iverson, Finance Director <br /> <br />City of Arden Hills <br />