2015.05.12 CC Minutes - Laserfiche WebLink

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May 12, 2015 Page 10 of 13 on Compliance with Government Auditing Standards and Legal Compliance. She noted that a representative from KDV would go over the reports in more detail with the City Council. Staff requested the Council accept the Comprehensive Annual Financial Report for the year ending December 31, 2014 and the auditor's Communications Letter and their reports on Compliance with Government Auditing Standards and Legal Compliance. Carolyn Stuts an, KDV, fiuther reviewed the City's 2014 year end financials with the Council. She explained an unmodified opinion was given to the City based on its basic financial statements, which was the best opinion an auditor is able to offer. The general and enterprise fund balances were then discussed. Councilmember Burg thanked staff for the thorough report. She recommended that the financial reports be posted on the City's website. Councilmember Jacobsen thanked staff for simplifying the financial reports, noting they were much easier to read for yearend 2014. Councilmember Bauman apIxec fated the comprehensive nature of the financial reports. Mayor Jacobsen commented that long term financial planning was near and dear to him. He appreciated the efforts the City was making in this area. He challenged staffto use zero based budgeting for 2016. City Manager Lotter commended the Council and staff on its efforts as the City was in a good financial position at this time. Motion by Councilmember Jacobsen, seconded by Councilmember Burg to accept the Comprehensive Annual Financial Report for the year ending December 31, 2014 and the auditor's Communications Letter and their reports on Compliance with Government Auditing Standards and Legal Compliance. 5 Ayes, O bays- Motion Carried 2. Consideration of Awarding Bid for City Project 15 -1, 2015 Street Rehabilitation. City Manager Lotter indicated Community Assets & Development Director Schlichting would be presenting this item to the Council. Community Assets & development Director Schlichting explained City Project 15 -1 consists of the removal and replacement of the bituminous surfacing, the removal and replacement of designated sections of concrete curb and gutter, utility improvements, improved pedestrian facilities (with an upgraded pedestrian crossing near the New Brighton Community Center), LED lighting, a new traffic signal, and landscape improvements on the following streets: 1 st Avenue NW - 8th Street NW to l 0th Street NW 2nd Avenue NW - 9th Street NW to 10th Street NW 3rd Avenue NW - 9th Street NW to 10th Street NW Stn Street NW - 1 st Avenue NW to Old Highway 8 9th Street NW - 2nd Avenue NW to 3rd Avenue NW Alley - 2nd Avenue NW to 3rd Avenue NW 10th Street NW - 2nd Avenue NW to 300 feet west of Old Highway 8 Old Highway 8 - Bridge over 694 to 10th Street NW Community Assets & Development Director Schlichting reported that the bids are slightly higher than the feasibility report, however we are seeing significant increases in cost of concrete or concrete products (i.e. storm sewer structures). The economy as a whole is starting to rebound and the project as bid reflects a relative strengthening in the construction industry as compared to the recent couple of years. There is currently a lot of private work (residential, commercial), and the construction of the Vikings Stadium which require significant uses of concrete and labor specialties. The low bidder, Bituminous Roadways, Inc. has not done work for the City in the recent past, but has done similar work in other communities and is qualified and capable 2. Gansidcradm of Awaftbg Bid far City Pmjoct 15- 1.2015 SbW 1W. IbUiLdial