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Regular City Council Meeting Monday, May 12, 2014 Page 11 4) Regarding the License Center, Mayor Roe suggested that since it generates revenue for the General Fund, serious consideration and discussion was need- ed as to the best route going forward to fund the Center's replacement, wheth- er through issuing a Revenue Bond or to review and possibly adjust those re- serve funds, while determining the impact on the General Fund. 5) Regarding Councilmember McGehee's suggestion to look in to bonding for utility funds, Mayor Roe noted that the other communities she referenced had been following an annual bonding process for a long time, and such an option had been reviewed by the CIP Task Force. Mayor Roe advised that their analysis had indicated that if you started funding the CIP with debt bonding, the net increase for property owners would be worse, and therefore, not rec- ommended by the Task Force, as it would require a considerable time of tran- sition to reach a viable point. Councilmember McGehee spoke to the PMP, opining that this was a contract made with residents many years ago to provide free mill and overlay at no as- sessment to individual property owners, with full reconstruction paid by individu- al property owners proportionately. Councilmember McGehee cautioned Coun- cilmembers to remain mindful of that promise. While recognizing Mayor Roe's comments related to bonding for infrastructure improvements, and the need to ad- dress those deferred improvements through an increased fee structure, Coun- cilmember McGehee asked that the Finance Commission still be tasked with re- viewing the issue. Mayor Roe noted that the original plan would have been to finance infrastructure and utility improvements annually,but continued to be deferred in the past. At the request of Councilmember Willmus, City Manager Trudgeon advised that each department's report would include department-specific items that would eventually be vetted through development of the City Manager-recommended budget. Councilmember Willmus suggested consideration should be given for a possible wage/hiring freeze similar to that of 2008 for the 2009 budget year. Mr. Trudgeon advised that, as the information became available from each de- partment, and for the overall operation, a determination would be made at that point as to what made the most sense. Mayor Roe noted several members of the Finance Commission in tonight's audi- ence taking copious notes for their first Commission meeting tomorrow night. Councilmember Willmus stated that his concern was that, being in some very challenging times, how the existing reserve funds were utilized as fools, based on recommendation of the Finance Commission, could help offset some other identi-