111395 CC WS Min
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CITY OF SHOREWOOD
WORK SESSION
MONDA Y, NOVEMBER 13, 1995
COUNCIL CHAMBERS
5755 COUNTRY CLUB ROAD
9:10 P.M.
1.
MINUTES
CONVENE WORK SESSION MEETING
Mayor Bean called the meeting to order at 9: 10 p.m.
A.
Roll Call
Present:
Mayor Bean; Councilmembers Benson, Malam, McCarty and Stover; Administrator
Hurm, Finance Director Rolek, OSM Engineer Hornby, Planning Director
Nielsen, and City Engineer Brown.
2. DISCUSSION ON STATUS REPORT ON 1995 GOALS AND OBJECTIVES
There was Council consensus to discuss this item at the next scheduled City Council meeting.
3. DISCUSSION ON CAPITAL IMPROVEMENT PROGRAM
City Administrator Hurm noted some proposed changes to the capital improvement program.
These included changes in the equipment chart, the public facility chart to allow $3,000 to be set
aside for audio improvements, $3,000 for projection improvements and $6,000 for camera
improvements and $5,000 to be set aside for new carpet in City Hall in 1998. Also noted were
changes in the Trail Fund, and in the assessment rate in the street chart.
Mr. Hornby introduced a 5 year plan which addressed the cost of watermain construction and
street restoration which coincides with the Capital Improvement Program and Comprehensive
Plan. It does not take into account the assessments to be made to the properties that abut the
projects. The priority for 1996 would be to bring the City of Victoria on line and for 1997 to hook
up the Badger Field System with the Boulder Bridge System. Cost estimates reflect restoration of
the streets similar to the project done this year.
Rolek introduced his projections for the watermain construction plan. His projections included
assessments and interest, trunk charges and extended out over a 20 year period. The projection did
not take into account the current water fund or watermain project. Rolek reported Victoria appears
willing to contribute a possible $700,000 to capital costs incurred to this point and enter into a 50
year agreement with the City of Shorewood.
Hurm reported Victoria had recommended a 50 year agreement rather than a 10 year agreement as
previously discussed. The $700,000 would be spread over a 15 year period at an interest rate of
5.02% to help fund Shorewood's bond issuance. There was also discussion with Victoria of
selling water to them at a wholesale rate of 80% of the retail rate ($1.16/1000 gallons) in bulk. The
reason for the wholesale rate is Victoria's costs to maintain the system, they will not be supplied
treated water, and the expenses associated with the system which are not attributed to the City of
Victoria.
Rolek explained the water usage calculations and operating cost figures. Taking all this into
consideration, the water fund, at the end of the five year study has a projected balance of
$622,000.
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CITY OF SHOREWOOD - WORK SESSION MINUTES
November 13, 1995 - PAGE 2
Hurm noted this was only a first draft provided for study and consideration, and to be reconsidered
at the work session scheduled for November 20, 1995.
Councilmember Stover excused herself from the work session at 10:00 p.m.
There was Council consensus to direct staff to provide information at the work session including
identification of homes built in the last 10-15 years and reasoning as to why properties are included
in the first five years of the project.
4. ADJOURNMENT
Malam moved, McCarty seconded to adjourn the Work Session meeting at 10:26
p.m. Motion passed 4/0.
RESPECTFULL Y SUBMITTED,
Lorri L. Kopishcke
Recording Secretary
TimeSaver Off Site Secretarial
ATTEST:
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ROBERT B. BEAN, MAYOR