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City Council Minutes - OS/20/02 Page 4 Kysylyczyn opened the public hearing: I) Al Sands, resident, showed an overhead and stated that Roseville was a very rich city sitting on approximately $50 million in savings. He does not believe taxes need to be raised in order to repeal assessments. He contends assessments are unfair. He believes assessments can be abused through "double-dipping." He encouraged use of utility charges as a good revenue source. He suggested limiting the amount of money spent on MSA street construction to the amount of MSA funds available, perhaps supplemented by interest . . earnIngs on savIngs. 2) Dick Houck, resident, spoke in favor of using savings and interest income in lieu of assessments. He also supported a policy of no taxes or assessments on churches for street construction. 3) Ed Burrell, resident, showed an overhead and explained the underlying statutory purpose of assessments. He described the Pavement Management Program and the Infrastructure Improvement Trust Fund. He stated the Trust Fund will allow us to maintain our streets without bonding or tax levies. He said Roseville' s actual cash balances are closer to $35 million, not the $50 million Mr. Sands referenced, due to the early retirement of city debt. He stated that $35 million in savings is similar to the amount of cash reserves in comparable cities. Maschka asked about how depreciation reserve funds work. Kough asked about guidelines for cash reserves and budgeting principles. 4) Rev. Thomas Basich, resident of Roseville and pastor of Advent Lutheran Church, spoke in favor of Kysylyczyn's proposal to not assess property owners on MSA streets when MSA funds are available. He described Advent as the victim of Roseville's assessment policy. He cited collected but unused MSA funds. He believes there is a city hall conspiracy to deprive Advent of its land. He further believes the former Roseville City Council