CCP 04-23-2013 - Laserfiche WebLink

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April 9,2013 Page 6 of 9 residents of New Brighton by the association. Councilmember Samuelson asked if any future projections had been nun for the next 10 years. Deputy Director Paeetrnuck stated this was completed on a yearly basis and projections were made based on the market condition. The return on investment was then evaluated and adjustments were made to the funds when necessary. Mayor Jacobsen explained the Council had a fiduciary responsibility to know how all monies are being spent and with this Fire Associations fund at 111%he questioned if there might be other needs that the Council should consider for these funds. He commented he was not trying to belittle the work done by the firefighters in the City as they acted in an exemplary manner on behalf of New Brighton residents. Councilmember Jacobsen stated he was surprised by the proposed$300 increase request. Deputy Director Paetznick indicated the request would bring the fund back down to the 100%funding level. Councilmember Bauman recommended the contribution from the City for 2013 be reduced. Councilmember Burg commended the association for properly managing their finances;however,she did not support the$300 benefit increase. Councilmember Jacobsen recommended a compromise with a$100 increase to the yearly benefit and cutting the City's 2013 contribution in half Motion by Councilmember Jacobsen,seconded by Councilmember Bauman to approve a Resolution to Authorize an Amendment to the New Brighton Firefighters'Relief Association Bylaws to Increase the Pension Benefit for Firefighters by$100 and defend the City's 2013 contribution by one-half effective March 27,2013. Councilmember Samuelson supported the compromise. Councilmember Bauman was pleased that the Council was offering an increase to the benefit while leveling off the City's contribution given the fund's surplus level. Councilmember Burg questioned when the State Fire Aid value would be adjusted to reflect the City's decreasing property values. Deputy Director Paetznick commented these numbers would be reflected in the association's budget this fall. Mayor Jacobsen commented the Council was trying to be fair given the state of the economy. He noted that many residents have been negatively affected by the downturn in the market 5 Ayes,0 Nays-Motion Carried 2.Consideration to 2. Consideration to Authorize City Project 13-10,New Brighton Exchange—Phase 2 Import Authorize City Project 13- 10,New Soil Project(Borrow Source—Highway 96/US 10 . Report No.13-087. Exchange—Phase `'' � Y ) � Exchange—Phase 2Iuport Soil Project(Borrow Director of Public Works Wyffels explained that when Tract 2 of the New Brighton Exchange rough grading Source-Highway 96/US and environmental cleanup project was finished in 2007,the site was intentionally left low by five to six feet. 10). Report No.13-087. The City received grant funds from DEED and Met Council to help pay for the remediation work. The City knew that additional soil material would be needed to make the project"pad ready'for development. At that time,an initial analysis indicated that over 200,000 cubic yards of material would be needed to raise the grades to a level that would support residential development He indicated that last August,the City was presented with an opportunity to acquire fill material from the general contractor(Shafer Construction) working on the I 694/Highway 10 reconstruction project in Arden Hills. At that time the City approved a contract with the contractor and the City imported approximately 125,000 cubic yards of loose volume material.T ast November,the City received an earthwork estimate prepared by Pulte Homes for the work remaining. Including the import material that Shafer hauled in,Pulte estimated approximately 138,900 cubic yards of material was still required. Recently Shafer was selected as the contractor for the Highway 96/US 10 work in Arden Hills. Shafer contacted the City and asked if New Brighton was able to take excess material from their site. Staff met with Shafer,reviewed the site and determined that the City still requires up to