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<br />I <br /> <br />I <br /> <br />I <br /> <br />Council Meeting Minutes <br />August 10, 1999 <br /> <br />Page 6 <br /> <br />Public Hearini. continued <br /> <br />Motion by Samuelson, seconded by Larson, to CLOSE THE HEARING. <br /> <br />5 Ayes - 0 Nayes, Motion Carried, <br /> <br />Motion by Larson, seconded by Gunderman, to RENOTICE THE PUBLIC <br />HEARING FOR PROJECT 99~09 TO PROVIDE FOR AN ASSESSMENT OF <br />$3,000 AGAINST THE BENEFITTING PROPERTY OWNER AT 1370 NORTH <br />PIKE LAKE COURT FOR THE INST ALLA TION OF DRAIN TILE; AND <br />PROVIDE FOR REMAINDER OF PROJECT COST PAID FROM THE CITY'S <br />STORM WATER UTILITY FUND. <br /> <br />5 Ayes - 0 Nayes, Motion Carried, <br /> <br />Finance Director Margaret Egan presented the 1998 Annual Financial Report. The <br />report is prepared by Finance staff and audited by an independent certified public <br />accountant. The report received an "unqualified opinion" which is the most desirable <br />opinion an auditor may make, The Report will be submitted for entry in the National <br />Certificate Program. Copies of the Report are available to the public at City Hall. <br /> <br />Egan explained the City's total 1998 assets are $137,000,00 which includes cash, <br />accrued interest, taxes, fixed assets, and service resources. The City has seen a growth <br />in assets of $10,000,000 over the 1997 amount, and the General Fund balance increased <br />by $657,000, She noted improvements in the handling of transactions generated by <br />room rentals and customer fees at the Family Service Center. <br /> <br />Council thanked Finance staff members Dianne Fiebiger and Patty Isaacson for their <br />efforts in completing the 1998 Report. <br /> <br />Motion by Gunderman, seconded by Hoffman, to WAIVE THE READING AND <br />ADOPT THE RESOLUTION ACCEPTING THE 1998 ANNUAL FINANCIAL <br />AND MANAGEMENT REPORTS. <br /> <br />5 Ayes - 0 Nayes, Motion Carried, <br /> <br />Announcements and Updates <br /> <br />The Stockyard Days and Antique Car Run events will be held August 15-22, 1999. <br /> <br />Aojournment <br /> <br />MotioI}.byGuriderlQan, seconded by Hoffman, to ADJOURN THE MEETING. <br /> <br />5 AY~ - 0 Na~s.Motion Carried, <br />M~ting was. a<.ljfflmied-at 8:55 p,m, <br /> <br />~~!- <br /> <br />ATTEST: <br /> <br /> <br />Margaret A. Egan, Cit Clerk/Finance Director <br /> <br />Public Hearing <br /> <br />Drain Tile Installation <br />at North Pike Lake <br />Court <br />Report 99-189 <br /> <br />1998 Annual Report <br />Report 99-190 <br />Resolution 99-076 <br /> <br />Announcements and <br />Updates <br /> <br />SYDI ACR <br /> <br />Aojournment <br />