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Finance Commission 1 Meeting Minutes 2 DRAFT – DECEMBER 13, 2016 - DRAFT 3 4 5 Roll Call/Announcements 6 7 The Finance Commission (FC) meeting was called to order at 6:30 p.m. Chair Schroeder called 8 the roll. 9 10 Commissioners Present: Robin Schroeder, Peter Zeller, John Bachhuber, Matt Harold Edwin 11 Hodder, Nagaraja Konidena and John Murray 12 13 Commissioners Absent: 14 15 Staff Present: Finance Director Miller 16 17 18 19 Receive Public Comments 20 21 There being no one wishing to address the Commission, Chair Schroeder moved to the next 22 agenda item. 23 24 25 Approval of the November 9, 2016 Meeting Minutes 26 27 Commissioner Murray stated in line 29 change “Ms.” to “Mr.” 28 29 Commissioner Murray moved, Seconded by Commissioner Zeller, to approve the November 9, 30 2016 meeting minutes as amended. The motion carried unanimously. 31 32 33 Continue Discussion on the CIP Document Format & Priority Setting Process 34 35 Chair Schroeder stated at the October meeting, the Commission had agreed to discuss the 36 concept of assigning CIP priorities given the fact that some of the City’s asset replacement funds 37 are not fully sustainable. The CIP priorities identified by the City of Minnetonka are an example 38 of what Roseville might consider. 39 40 Commissioner Harold stated he liked the concept of prioritizing the CIP and proposed the 41 following bullets: 1. Projects necessary for public health and safety, or to meet legal mandates 42 (from the Minnetonka CIP document), 2. Projects that responsibly maintain existing assets to 43 either extend or maintain service life or to create efficiencies, 3. Projects that expand existing 44 assets or services in order to benefit the public good, 4. Projects that purchase new assets or 45 services to benefit the public good. 46 Item #3: Attachment A