2020.04.28 CC Minutes - Laserfiche WebLink

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April 28, 2020 Page 3 of 8 Public Hearing None. Council Business 1. Consider 1st Quarter 2020 Interim Financial Statements. Motion by Councilmember Jacobsen, seconded by Councilmember Dunsworth to Accept the First Quarter 2020 Interim Financial Statements. City Manager Massopust indicated Interim Finance Director Smith would be presenting this item to the Council. Interim Finance Director Smith stated in an effort to keep the Council informed on the City’s fiscal condition, a comparison of the 2020 revenues and expenditures for the period ending March 31, 2020 (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. 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 commented further on the first quarter financials and recommended approval. Mayor Johnson explained the first quarter financials were prior to COVID-19. She anticipated the financials may paint a slightly different picture for quarter two. She thanked Interim Finance Director Smith for her thorough report. A roll call vote was taken. 5 Ayes, 0 Nays-Motion Carried 2. Consider a Resolution Approving a Special Use Permit, Site Plan Amendment and Preliminary Plat, Final Plat and Variance for Murlowski Properties, Inc. at 2200 Old Highway 8. Motion by Councilmember Jacobsen, seconded by Councilmember Allen to approve the requested SUP and Site Plan Amendments and approval of the requested variance. City Manager Massopust 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 Murlowski Properties Inc. is seeking to clean up the legal descriptions of their properties to facilitate a current sale of the Belair Building, and future sale/redevelopment of the larger undeveloped parcel currently utilized (primarily) for aggregate recycling. No new uses or changes to uses would be authorized as a result of these applications. Staff described the history of this request and described how the lots would be split. The location of the easement was reviewed along with Public Hearing Council Business 1. Consider 1st Quarter 2020 Interim Financial Statements. 2. Consider a Resolution Approving a Special Use Permit, Site Plan Amendment and Preliminary Plat, Final Plat and Variance for Murlowski Properties, Inc. at 2200 Old Highway 8.