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<br />City of Centerville <br />City Council Meeting <br />September 24, 2008 <br /> <br />City Administrator Larson showed the last slide, which included a breakdown of the City's <br />Current Debt, and the Debt Breakdown by Project Funds. He stated that special <br />assessments account for two-thirds, one-third is from levies, and most of it is improvement <br />debt. He added that any growing city will have higher than average debt. Centerville is an <br />expanding community, and parts are being reconstructed. <br /> <br />Mayor Capra stated that, when she and Councilmember Broussard-Vickers first came into <br />office, there were problems with the finances. A lot of things maybe fell through the <br />cracks at that time. In July 2002, the City hired a Finance Director, who had the expertise <br />to handle the City's finances. In July 2002, there were a lot of debts related to developer <br />projects that the City had to go back and collect. Without the Finance Director, the City <br />would not have been able to collect those accounts. <br /> <br />Mayor Capra stated that she has great confidence in the City's staff and its Finance <br />Director. She stated that, anything anyone would like to know, the staff and Finance <br />Director are there to answer questions. She added that every check register the City does is <br />available to view on line. <br /> <br />Councilmember Lee stated that he was amazed at how things were out of line at that time. <br />He added that they are now crystal clear, compared to what they were. <br /> <br />City Administrator Larson stated that he will post his research information on the website. <br /> <br />Motion bv Council Member Broussard-Vickers. seconded by Council Member Paar. <br />to table the Draft 2009 Fee Schedule until the next City Council Meetin2. All in <br />favor. Motion carried unanimouslv. <br /> <br />2. Request for Budget Amendment (Bonestroo) <br /> <br />a. CSAH 14 <br /> <br />City Engineer Statz stated that they were initially provided with $55,428 for this <br />project. At that time, their assumptions were that seemed reasonable, and they <br />thought they would have a Public Works Inspector on site for two half-days. <br />However, the City lost a staff member and the hailstorm hit, so they had to fill in <br />gaps. The reality is that time proved the initial amount was significantly less than <br />what they really needed. They are requesting to increase the initial amount by <br />$35,000 dollars. He added that this additional amount should take them to the end <br />of the project. <br /> <br />Councilmember Lee stated that is a huge increase in that budget. <br /> <br />City Engineer Statz replied that he has figured what they have been averaging - <br />about 20 hours per week - to figure what they will need. He added that they have <br />done the best they could to limit the budget. <br /> <br />Page 6 of 11 <br />