Laserfiche WebLink
RESOLUTION No. <br />09-019 <br />STATE OF MINNESOTA <br />COUNTY OF RAMSEY <br />CITY OF NEW BRIGHTON <br />A RESOLUTION DISBANDING THE NORTHWEST QUADRANT FINANCIAL TASK FORCE. <br />[EREAS, THE CITY COUNCIL ESTABLISHED THE NORTHWEST QUADRANT FINANCIAL. TASK ON <br />Y 13, 2008, AND <br />AREAS, THE CITY COUNCIL HAS DETERMINED THAT THE NORTHWEST QUADRANT FINANCIAL <br />C FORCE HAS MET ITS ESTABLISHED GOALS AND OBJECTIVES STATED IN RESOLUTION NO. 08 - <br />AND <br />THE PURPOSE OF THIS TASK WAS TO ADVISE THE CITY COUNCIL ON THE FINANCIAL <br />ATUS OF INCOME, EXPENSES, FINANCING OBLIGATIONS AND REPAYMENT SCHEDULES, TAXES, <br />'C. RELATING TO THE NORTHWEST QUADRANT REDEVELOPMENT AREA, AND <br />THE FOLLOWING DUTIES AND RESPONSIBILITIES OF THE TASK FORCE HAVE BEEN <br />CESSFULLY COMPLETED: <br />1. PREPARE VARIOUS FINANCIAL MODELS, TO REVIEW ALTERNATE DEVELOPMENT <br />SCENARIOS AND TIMING OF THE PROJECTS IN THE NORTHWEST QUADRANT. <br />2. RAISE ISSUES AND CONCERNS FOR STAFF AND THE CITY COUNCIL TO CONSIDER <br />REGARDING THESE ACTIVITIES. <br />3. CONSIDER CURRENT AND PROPOSED PLANS AS THEY AFFECT OR CONCERN THE <br />DEVELOPMENT OF THE NORTHWEST QUADRANT AND THE REPAYMENT OF THE FINANCIAL <br />OBLIGATIONS. <br />4. REVIEW THE POTENTIAL IMPACTS ON THE CITY'S PROPERTY TAX ASSESSMENT TO PAY <br />FOR THE OBLIGATIONS OF THE NORTHWEST QUADRANT BASED ON THE VARIOUS <br />DEVELOPMENT SCENARIOS. <br />S. INVESTIGATE ALTERNATIVE METHODS TO PAY FOR THE OBLIGATIONS OF THE CITY <br />RELATING TO THE NORTHWEST QUADRANT. <br />6. THE TASK FORCE SHALL MEET AT LEAST MONTHLY ON A SCHEDULE SET UP BY THE <br />COUNCIL. <br />7. PERFORM OTHER DUTIES AS DIRECTED BY THE COUNCIL, AND <br />HEREAS, THE AGREED UPON TERMS OF THE NORTHWEST QUADRANT FINANCIAL TASK FORCE <br />ATE THAT THE TASK FORCE MAY BE ELIMINATED BY ACTION OF THE CITY COUNCIL, AND <br />(HEREAS, THE CITY COUNCIL WOULD LIKE TO THANK THE MEMBERS OF THE NORTHWEST <br />UADRANT FINANCIAL TASK FORCE FOR THEIR DEDICATED SERVICE TO THE CITY OVER THE <br />TEN MONTHS. <br />THEREFORE BE IT RESOLVED, BY THE CITY COUNCIL THAT THE SERVICES OF THE <br />'HWEST QUADRANT FINANCIAL TASK FORCE ARE NO LONGER NEEDED AND THAT THE TASK <br />E WILL BE DISBANDED EFFECTIVE IMMEDIATELY. <br />