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Regular City Council Meeting Monday,January 23,2012 Page 6 McGehee moved, Johnson seconded, receipt of the quarterly Shared Services up- date. Roll Call Ayes: Pust; Willmus; Johnson; McGehee; and Roe. Nays: None. Adopt a Resolution Categorizing City Fund Balances in Accordance with New Governmental Standards Councilmember McGehee questioned if there was a need to reconsider the 35- 45% reserve in light of additional debt service being incurred with the bond issue; and impacts or adjustments needed due to that additional debt service. Mayor Roe pointed out that the 35-45% was the floor, and if the fund balance went higher, it would still meet the City's policy. Finance Director Miller noted that this policy only pertained to the City's General Operating Fund, with bonds accounted for in a separate and distinct fund. How- ever, Mr. Miller advised that this reserve percentage was intended to be sufficient to meet the City's general day-to-day needs; and when the City structured its debt, it assured that tax levies would be met. McGehee moved, Johnson seconded, adoption of Resolution No. 10964 (Attach- ment A) entitled, "Resolution Adopting Fund Balance Categorizations;" in ac- cordance with GASB Statement$54; and superceding a similar resolution adopted on November 28, 2011. Roll Call Ayes: Pust; Willmus; Johnson; McGehee; and Roe. Nays: None. j. Adopt Resolution Approving the State of MN Agency Agreement between Department of Transportation and City of Roseville for Federal Participa- tion in Construction Councilmember McGehee expressed her serious concerns with Phase II of the Fairview Pathway Project. Mayor Roe sought clarification from Councilmember McGehee on whether her concerns were related to technical aspects or other aspects of Phase II. Councilmember McGehee questioned how a safe pedestrian pathway could be constructed on the east side; and at what point in the design process additional changes could be accommodated from Phase I. Mayor Roe suggested that Councilmember McGehee question staff on that for follow-up outside the meeting; and personally expressed his reliance on staff's expertise regarding project design.