2019.08.13 CC Packet - Laserfiche WebLink

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July 23, 2019 Page 3 of 6 Motion by Councilmember Burg, seconded by Councilmember Jacobsen to Approve a Resolution to place the new 2040 Comprehensive Plan into effect. City Manager Lotter indicated Assistant Director of Community Assets and Development Gozola would be presenting this item to the Council. Assistant Director of Community Assets and Development Gozola stated the City of New Brighton successfully updated and submitted its new Comprehensive Plan to the Met Council in accordance with all deadlines established by State Statute. The Metropolitan Council has reviewed the updated document, and has found it to be consistent with regional system plans. Accordingly, the City is now authorized to put the plan into effect. Upon passage of the proposed resolution, the City will be operating under the new 2040 Comprehensive Plan, and the previous 2030 Comprehensive Plan will be archived. Laura Chamberlain, 123 North Third Street in Minneapolis, thanked the Council and staff for allowing her firm to assist with the comprehensive planning process. She explained it was extremely exciting to see this project from start to finish. She stated she was excited to see what was in store for New Brighton in the future. Assistant Director of Community Assets and Development Gozola explained the next step for the City would be to amend the City’s zoning ordinance in order to be in compliance with the new Comprehensive Plan. Councilmember Burg commented on the lengthy process the City had followed in order engage the public and gain feedback from the community for the Comprehensive Plan. Councilmember Jacobsen stated this has been a long process and explained he was very pleased with the final result which was the 2040 Comprehensive Plan. He thanked staff and the consulting firm for all of their assistance on this document. Mayor Johnson indicated the community had a great deal of input on this document. She discussed the importance of having a solid Comprehensive Plan in place as it would serve as a guiding document for the City of New Brighton. 4 Ayes, 0 Nays-Motion Carried 2. Consider 2nd Quarter 2019 Interim Financial Statements. Motion by Councilmember Jacobsen, seconded by Councilmember Allen to accept the Second Quarter 2019 Interim Financial Statements. City Manager Lotter indicated Finance Director Davitt would be presenting this item to the Council. Finance Director Davitt explained in an effort to keep the Council informed on the City’s fiscal condition, a comparison of the 2019 revenues and expenditures for the period ending June 30, 2019 (unaudited) was provided to the Council. The comparison shown includes those programs and services that constitute the City’s core functions for which changes in financial trends can have a near-term impact on the ability to maintain current service levels. Programs such as debt service and tax increment financing which are governed by pre-existing obligations and restricted revenues are not shown. In addition, expenditures in the City’s Fleet and Non-Fleet programs are not shown as these expenditures are specifically tied to pre-funded asset replacement funds. These replacement funds are not susceptible to year-to-year fluctuations and therefore annual reviews are considered sufficient. Finance Director Davitt reported the information is presented on a modified cash basis accounting method, which measures only the actual revenues that become available and measurable, and expenditures are recognized in the period the liability is incurred. It should be noted that many of the City’s revenue streams such as property taxes, are non-recurring or are received intermittently throughout the year. This can result in wide revenue fluctuations from month to month. In addition, some of the City’s expenditures such as new capital purchases are also non-recurring and subject to wide fluctuations. To accommodate these differences, a comparison is made to historical results to identify whether any new trends exist. Staff provided further comment on the fund balances and recommended approval of the second 2. Consider 2nd Quarter 2019 Interim Financial Statements.