1992-07-28 - Laserfiche WebLink

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I I I Council Meeting Minutes July 28, 1992 Page 2 Consent Aaenda. continued 4. CONSIDERATION OF APPROVAL TO ACCEPT THE WORK AND AUTHORIZE FINAL PAYMENT OF THE CREEKWOOD ESTATES STREET AND UTILITIES CONTRACT, PROJECT 91-2. TO MILLE LACS CONTRACTING, INC. IN THE AMOUNT OF $78,678.61. 5. CONSIDERATION OF APPROVAL TO WAIVE PERMIT FEES FOR STOCKYARD DAYS 1992 PURSUANT TO RESOLUTION 85-42. 6. CONSIDERATION OF APPROVAL TO WAIVE THE READING AND ADOPT THE RESOLUTION APPOINTING ELECTION OFFICIALS. 7. CONSIDERATION OF APPROVAL TO WAIVE THE READING AND ADOPT THE RESOLUTION ESTABLISHING FUND #452 (T.I.F. NON- DISTRICT) AND AUTHORIZING TRANSFER OF MONEY TO FINANCE MILLER PROPERTY AND NIXON PROPERTY. 8. CONSIDERATION OF APPROVAL TO WAIVE THE READING AND ADOPT THE RESOLUTION APPROVING THE TRANSFER OF OWNERSHIP OF NORTH CENTRAL CABLE CORPORATION. 9. CONSIDERATION OF APPROVAL OF A PACKAGED FOOD LICENSE FOR DONUTS PLUS, INC.. 2400 W. COUNTY ROAD EAST. 5 Ayes - 0 Nayes, Motion Carried. Public Hearina - None Council Business Finance Director Margaret Egan said the Financial Policy Advisory Board (FPAB) completed review of a policy for the charging of in-house administrative and engineering services for capital improvement projects. Chris Greene, FPAB, said the FPAB reaffirmed the basic policy which transfers costs based on a percentage, and recommends the City return to annual costs transfers. Recommended policy changes include: cost transfers based on percent completed at major milestones and year end, and cost transfers and capital project closeouts reviewed by City Manager. He reviewed the administrative and engineering fees and noted that engineering fees may be increased by up to 4% for complex projects. The recommended policy provides for; fair allocation of costs, simplicity in administration, timely cost allocations, and timely review. City Manager Dave Childs said by this recommendation the policy, adopted in 1966, will be revived. Greene said the City continually transfers costs, but the question is the transfer's timeliness. Benke said the City is not in a revenue loss position, but simply will install a timely accounting procedure. City Engineer Les Proper said the 18 % engineering fee is based on Municipal State Aid rules. Normally, the City uses the 18% fee, but smaller projects are charged a minimum fee. Consent Aaenda Creekwood Estates Streets & Utilities Report 92-159 Stockyard Days Fees Report 92-160 Primary Election Report 92-161 Resolution 92-072 Establish Fund 452 Report 92-162 Resolution 92-073 Sale of Cable TV Report 92-163 Resolution 92-074 Donuts Plus Report 92-164 Council Business Revised Policy for Engineering Services Report 92-165 Resolution 92-075