2008-09-24 CC - Approved - Laserfiche WebLink

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