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Regular City Council Meeting Monday,August 25, 2014 Page 18 Finance Director Miller responded that IT equipment was combined with other City vehicle and equipment needs, and opined that those needs were in good shape for 2015. Mr. Miller opined that the bigger challenge in 2015 and beyond was for facility replacement, since that $200,000 in LGA represented a significant amount, and was anticipated in 2015 and beyond, but now was suddenly gone. Mr. Miller suggested the need during 2015 discussions for suggestions to backfill that loss of LGA, and whether to consider staff's recommendation to backfill it with repurposed debt service as an option. Mayor Roe noted the major CIP expenditure in 2020 for the refrigeration system at the Skating Center; and suggested that an option, similar to the geothermal pro- ject, would be to look at Equipment Certificate financing versus an annual $200,000 set-aside, as an approach that may make the situation look better even- tually. Finance Director Miller opined that was a great suggestion, and to-date the City had been very successful in achieving state participation in the OVAL; and should be part of future consideration for any facility replacement needs at the OVAL. In conjunction with Councilmember Etten's comments, Councilmember McGe- hee stated that she would be requesting a future agenda item to discuss a policy to provide ongoing maintenance and CIP components to the consideration of any new assets at the onset. Councilmember McGehee opined that this should be part of the business model for the City and should be part of the overall plan when ap- proving those items. Councilmember McGehee further questioned the hesitancy in bonding and rolling bond issues versus issuing bonds in chunks, especially for infrastructure needs. Also, when reviewing CIP needs, while she finds value in looking out over twenty years, when talking to other communities with CIP's and consulting with the League of Minnesota Cities (LMC), they found a five year picture more valid and manageable, or at most a ten year plan. Councilmember McGehee opined that a twenty-year plan was like looking into a crystal ball, and the City should pay more attention to the five and ten year outlooks to make sure things remained on track. Councilmember Laliberte agreed with the comments of Councilmembers McGe- hee and Willmus in assumptions that all programs and services would remain at existing levels; opining that there is a sense to the need to revisit them and repri- oritize them as the community changes, and should be part of the overall process. While not intending that staff should not build on current assumptions, since there was some onus on the City Council at work sessions to determine how to priori- tize or fund things at existing levels of at a lower amount, Councilmember Laliberte supported the need for periodic review of programs and services.