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Finance Commission Minutes <br />August 10, 2016 – Draft Minutes <br />Page 2 of 8 <br /> <br />clubhouse should be built and from a financial perspective there are funds available through Park 47 <br />Dedication Funds, previous bonding, or the Golf Course Fund. The Task Force does not want to 48 <br />see a new tax levy for this project. 49 <br /> 50 <br />Commissioner Harold asked if similar courses in the area were able to meet their operating costs. 51 <br /> 52 <br />Commissioner Bachhuber stated the rate of play for the Roseville course is higher than similar 53 <br />courses and other courses have moved away from covering their own operating expenses and 54 <br />being an Enterprise Fund to being included in city park budgets. 55 <br /> 56 <br />Commissioner Zeller stated there would be a public meeting on August 16. 57 <br /> 58 <br /> 59 <br />Continue Discussion on 2017-2036 Capital Improvement Plan (CIP) 60 <br /> 61 <br />Vice Chair Rohloff reviewed 2 new scenarios he prepared; scenario 3 of the Golf Fund and 62 <br />scenario 7 for General Facilities. 63 <br /> 64 <br />Chair Schroeder clarified the $50,000 added in the Golf Fund for scenario 3 was for general 65 <br />revenue not tax dollars. The one-time funding of $500,000 in scenario 7 for General Facilities 66 <br />was part of the City Manager’s recommended budget. 67 <br /> 68 <br />Commissioner Bachhuber asked what the expenditures were in the Park Improvement Program 69 <br />fund for 2018, 2019, and 2020. 70 <br /> 71 <br />Finance Director Miller stated these included new playgrounds, tennis and basketball courts and 72 <br />upgrades to the athletic fields. These expenses are over and above the $19 million that had been 73 <br />bonded. 74 <br /> 75 <br />Chair Schroeder asked the Commission for input on the scenarios for the Pavement Management 76 <br />Program. She would recommend scenario 5 and if the interest rates increase she would 77 <br />recommend scenario 8. 78 <br /> 79 <br />Commissioner Hodder agreed with Chair Schroeder. 80 <br /> 81 <br />Commissioner Bachhuber stated he liked scenario 5 but he also liked scenario 3. 82 <br /> 83 <br />Vice Chair Rohloff stated he liked scenario 7 but preferred scenario 5. 84 <br /> 85 <br />Commissioner Zeller stated for the near term scenario 5 would be a good start but a small 86 <br />decrease in spending would be beneficial. The 3% interest assumption is higher than what the 87 <br />City may see long term. 88 <br /> 89 <br />It was the consensus of the Commission to recommend scenario 5 for the Pavement Management 90 <br />Program to the City Council for consideration. Scenario 5 recommends additional levy in 2017 91