CC_Minutes_2018_0604 (2) - Laserfiche WebLink

Home

Regular City Council Meeting Monday,June 4, 2018 Page 5 c. Update on 2017 Year-End Cash Reserves Finance Director Miller highlighted this item as detailed in the RCA and related attachments dated June 4, 2018. He noted there are a number of areas with a planned spend-down in 2018. If those planned spend-downs happen, there will be something considerably less than the current $1.6 million above the low target re- serve levels. He pointed out areas in which attention will need to be paid to the long-term funding sources paying for the long-term CIP needs. Building re- placement, pathways and parking lot maintenance as well as some water and sew- er funds will need attention. Possible water and sewer rate increases may be nec- essary for 2018/2019. Fantastic progress has been made in funding the CIP long- term,but there is more work to do. In response to a question by Mayor Roe, Finance Director Miller explained this report shows the current picture without any already-planned corrective measures. In July, the council will look at what things look like with new assumptions, and things will look much more favorable. He reiterated all that will be discussed in July. Councilmember Laliberte commented this will be a good discussion in July. Mayor Roe offered an opportunity for public comment, with no one coming for- ward. d. Public Hearing for an On-Sale Liquor License Finance Director Miller briefly reviewed this request, recommending approval as detailed in the RCA dated June 11, 2018. He noted that late Friday, staff received word that the business name will be changed to Revolution Hall. Kevin Craza, Director of Operations for CM Rosedale, explained the new two- story restaurant concept entitled Revolution Hall which will include 12 different restaurant outlets. Mayor Roe asked whether the applicant is aware of Roseville's training require- ments associated with liquor licensing requirement and whether the applicant plans to follow those requirements. Mr. Craza responded affirmatively. Mr. Craza added that the mall is not open until 2 a.m., but there will be outside access to Revolution Hall. Mayor Roe reviewed public hearing protocol and opened and closed the public hearing at approximately 7:03 p.m. for the purpose of receiving public input on the above-referenced Liquor License; with no one appearing for or against.