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City Council Regular Meeting - 11/22/04 Minutes - Page 9 ACH Payments $67,595.41 36954-37244 266,947.29 Purchasing Cards 3,652.79 Total $338,195.49 Roll Call Ayes: Schroeder, Kough, Maschka, Ihlan, and Klausing. Nays: None. 4.b Approve Contracts/Purchases in Excess of $5,000 Approve Contracts (Consent Item 3.b) and Purchases in Councilmember Ihlan questioned why staff had listed the Excess of $5,000 Springsted billing on the request for approval of general purchases and/or contracts exceeding $5,000 when it had already occurred. Councilmember Ihlan further questioned whether the Council would have approved this expenditure beforehand, had they known how costly the report would be, and in light of recent discussions. Finance Director Miller noted that the City Council had specifically requested the for the presentation as part of their continuing research during 2003 and 2004 related to numerous financial and economic development issues and ideologies. Mr. Miller advised that the presentation had served to assist the Council and provide a primer to outline viable tools available to municipalities, along with a risk/reward analysis for each of those tools. Mr. Miller further noted that Council had requested a more definitive and independent analysis, not as part of a specific development. Mr. Miller further advised that staff had secured the assistance of Springsted through a formal scope of professional services agreement that included a substantive written document, along with a two-hour presentation to the City Council at a Council Study Session, at which various financing tools were outlined, compared and contrasted as they related to similar developments as that being proposed in Roseville' s future. Mayor Klausing questioned staff s rationale for placing the