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City of Centerville <br />Council Meeting Minutes <br />November 16, 2016 <br />stated an overall average of 7%. She stated that water rates have not been increased for two (2) <br />years and suggested a 3% increase to keep pace with inflation. Council Member King stated that <br />the water and sewer funds would both increase by $100,000 due to the payback of the interfund <br />loans associated with the Centerville Road Project (one (1) with the payback of Item #2 for <br />sewer and in 2017 the anticipated transfer for water). Ms. Paulseth concurred. Administrator <br />Ericson stated that fund balances are approximately 1.3 million. Council Member King <br />questioned adequate funding and Ms. Paulseth replied that the City has approximately 24 million <br />worth of infrastructure in water and sewer systems. She stated that depreciation should be <br />adding to the balance each year so that you have adequate cash flow to replace capital needs <br />when they arise. Engineer Statz stated that the City purchased the water tower several years ago <br />with cash rather than bonding for it and it would be Council's desires as to have adequate <br />reserves or bond for replacement. Ms. Paulseth stated that she provided Council with a listing of <br />infrastructure and planned dates for replacement. She also stated that it may be rather outdated <br />and Council may desire more in depth research on costs, needs, replacement dates, etc. <br />Discussion ensued regarding interfund loans versus bonding and paying interest on loans to <br />complete projects, economic recovery, amount of debt the City has and the Mayor credited the <br />current' Council for decreasing that debt. <br />Council Member Love questioned at what point sloes the Council need to make a decision on <br />these matters. Ms. Paulseth replied you will be considering adopting your budget levy at your <br />next meeting and these proposed figures would be included. <br />Ms. Paulseth addressed her recommendation to increase the Storm Water fee which is $4.20/bi- <br />monthly billing cycle to residents to $5/bi-monthly billing cycle. Ms. Paulseth stated she was <br />unaware of how long it had been since an increase had been made to these fees but did state that <br />the amount in the farad is not enough to dredge one pond. Ms. Paulseth stated that the fund was <br />drained due to paying off an interfund loan associated with the downtown. She stated that these <br />funds would also be utilized for curb and gutter, raingardens on a street project <br />motion add. 1 discussion <br />e i e r sY auncil Member Loveremoved is motion <br />from the floor. <br />Motion Council Member Love to Increase <br />Sewer serve Level in the Fund <br />t r t c re a ae e t s rase ed. All in favor. Motion carried. <br />_ <br />Motion Council er ® t re <br />Water / e r e to serve Levelin <br />s c e ce e t rasented. CouncH Member Love IpRosed. <br />carriedMotion <br />Motionv e er ere c erg a c° ember Love to Table <br />Consideration oism ees loci t t o t r crr 201.7 Until ci"s <br />December Mee& <br />S,,. AH in favor. Motion carried. <br />_ <br />W <br />