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Regular City Council Meeting Monday, May 20, 2013 Page 11 2014 budget, noting that none of the choices were simple or without impact, but that everyone was in it together: the choices, solutions and responsibility. At the request of Mayor Roe, Finance Director Miller noted that the presenta- tion itself was included in the public record materials for public reference, and not as a bench handout attached to the meeting minutes. At the request of Mayor Roe for staff's point of view, Mr. Miller noted that the materials provided in the meeting packet, as well as other reference materials pro- vided more background information beyond the presentation; and advised that the City Council would be asked at a future meeting to formally adopt the CIP and funding strategies proposed, and therefore the sooner the better for whatever feedback they could provide to staff. Mr. Miller advised that this reference mate- rial included his April 22, 2013 memorandum providing an overview of the 2014 —2033 CIP and funding recommendations (Attachment D). At the request of Councilmember Willmus, Mr. Miller advised that he would provide an updated number to the City Council on remaining balance on the City Hall bond, the value of the retired bonds, and reallocation, based on a dollar number. Mr. Miller noted that those bonds had been refinanced from their current levy of$875,000, saving approximately $50,000 - $60,000 annually, dropping to $815,000 in 2015, and entirely paid off in 2019. With confirmation by Mr. Miller, Mayor Roe noted the CIP Committee recom- mendation to repurpose much of the levy used to pay those bond costs for the Park Improvement Program once retired; and clarified that some components of the CIP had not been included in previous and thought-to-be sustainable recom- mendations, as pathway connections had not been fully addressed, along with the natural resource development and management, not part of last year's funding packet. Mayor Roe advised that those smaller pieces provided for the $250,000 reference; creating a gap once those updated details had been realized and includ- ed. To provide more context for the City Council, Mayor Roe noted that the problems for the Pavement Management Program fund were still not resolved, based on last year's CIP Committee recommendations, after the first 3-4 years, at which time the fund took a significant dive. Mayor Roe advised that there had been some hope that the legislature would find a new way to finance roads, or that the City Council would have had a few more years to figure things out. At the request of Mayor Roe, Public Works Director Duane Schwartz reviewed the status of pending legislation at the State Capitol for a Road Improvement Dis- trict. Mayor Roe noted the possible reformulation of Local Government Aid (LGA) that would see the City of Roseville as a possible recipient of some fund- ing. However, Mayor Roe noted the wise decision of a previous City Council that