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<br />8.Building Project Update <br /> <br /> Duane Schwartz updated the Commission on progress and stated the <br />building project is consistent so far with the goals presented in the <br />referendum and went through the construction schedule. <br /> <br />9. Other Items <br /> <br /> Infrastructure Replacement Reserve Fund Discussion <br /> <br /> Mayor Kysylyczyn brought this issue to the Commission. There is a <br />statute that has been on the books since 1986 called the Infrastructure <br />Replacement Reserve Fund, which states that the City Council by a two- <br />thirds vote can annually levy a property tax in support of the fund; the <br />fund may only be used for road infrastructure purposes. This is a separate <br />levy from the General Fund. The Council could choose a specific purpose <br />for this fund and then ask the voters for approval, such as Hwy 36 <br />improvements. The fund would allow the City to build up a fund that <br />could be lent to the County or State for their reconstruction projects in <br />Roseville, then when their funding came through, they would repay us. <br />This would mean reconstruction projects would be done much quicker. <br /> <br /> Member Wilke asked what this means to the taxpayers. Mayor <br />Kysylyczyn said it depends on the goal, but basically their taxes would be <br />raised whatever percent was needed. <br /> <br /> Member Wilke said that he thought the City of Eagan used this process to <br />move up a Mn/DOT project, but they did it to benefit their own industrial <br />area, not just for a highway that runs through the city. <br /> <br /> Member Wilke said he thought the timing of this was not good. Mayor <br />Kysylyczyn said that depends on how you look at it and that it should go <br />before the voters to decide. <br /> <br /> This was presented as information at this point. It will be brought before <br />the City Council on May 12 to be officially referred to the Commission. <br />Member Wilke suggested it would be helpful to know how other cities are <br />using this fund. Member Anderson requested that staff gather information <br />about other cities for the Commission to review. <br /> <br /> <br />10.May Agenda <br /> <br />? <br /> <br />Infrastructure Replacement Reserve Fund Discussion <br />? <br /> <br />Budget <br />? <br /> <br />Follow up on Clean-Up Day <br /> <br /> <br />11.Adjournment <br />Page 4 of 4 <br />