HomeMy WebLinkAbout09-08-09 MINUTES
EN HILLS
III FINANCIAL PLANNING& ANALYSIS COMMITTEE
Tuesday, September 8,2009
6:00 P.M.
Second Level Conference Room, Arden Hills City Hall
CALL MEETING TO ORDER AND ROLL CALL
The meeting was called to order by Scott Bronson at 6:00 pm.
MEMBERS PRESENT: Scott Bronson; Maurice Gieske; Stan Harpstead, Council
Liaison; Jeff Johnson; Jim Ostlund
MEMBERS NOT PRESENT:
OTHERS PRESENT: Sue Iverson, City of Arden Hills Finance Director; Arlene
Mitchell, Communication Committee Member;Joe Rueb, City of Arden Hills
Accounting Analyst
Call to Order
1. APPROVAL OF THE AGENDA
2. APPROVAL OF AUGUST 11, 2009 MINUTES
Approved as amenlf . fir ,
Motioned: Scott Br son Y ` 7
• Seconded: Maurice�ieske 4
3. UNFINISHED AND NEW BUSINESS
A. Presentation by Subcommittee on Council Presentation
Harpstead presented a first draft presentation from the subcommittee's
meeting on financial planning and analysis of longer term capital investments.
If at all possible the group may want to use examples that are not related to
current City projects. Harpstead will email Joe and/or the Committee for
futher revision. The presentation will be brought back to the October meeting
for further discussion. If needed it can also be discussed at the November
meeting prior to the November City Council Worksession. Finance Director
Iverson has this presentation penciled in for the November worksession. This
presentation should be first before futher meeting discussion. Sue will
provide the Committee with a draft of the financial plan.
B. Private Activity Revenue Bond Guidelines
Finance Director Iverson reviewed the policy and memo. Need to make sure
these guildlines include Northwestern College. The City is not willing to be
part of a funding source if it is a primary source of funding. May need more
clarification from Bond Council. Ostlund and Iverson will discuss additional
clarification. All changes will be entered. Iverson had Steve Bubul, legal
consultant from Kennedy & Graven, reviewed this policy.
• .
City of Arden Hills
1245 West Highway 96•Arden Hills Minnesota 55112
Phone 651.792.7800-Fax 651.634.5137
www c i.arden-h it ls.m n.us
Chair Initial
F.Director Initial
MINUTES
EN HILLS
4111
4. REPORTS
A. Report from the City Council
Mayor Harpstead provided an update on previous Council actions and
activities.
B. Financial Planning and Analysis Committee Comments and Requests
Gieske and Bronson are up for renewal. Please notify Joe Rueb by December
15th whether or not you are interested in serving another term.
NEXT MEETING—Tuesday, October 13, 2009
5. ADJOURNMENT
Motioned: Jeff Johnson
Seconded: Maurice Gieske
Scott Bronson, Chair Susan K. Iverson, Finance Director
r d
may.. 41,
•
City of Arden Hills
1245 West Highway 96•Arden Hills Minnesota 55112
Phone 651.792.7800-Fax 651.634.5137
www ci.arden-h i l ls.mn.us
Chair Initial _
F.Director Initial