05-1193Council File # S � 3
Green Sheet # ?�j �:°\ � �
RESOLUTION
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Presented by
OF SAINT PAUL, MINNESOTA
1 A Resolution Designating Proposed Changes in Financial Policies from the 2006 Dollar List
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3 Whereas, the Saint Paui City Council has completed its consideration of the 2006 proposed budget;
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5 Whereas, as part of this review, the 2006 Dollar L'ast was prepared;
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7 Whereas, the Dollar List contains a listing of topic areas where financial policy is in need of review or
8 futther development;
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10 Now, therefore be it resolved by the City Council that the policy review be completed as follows:
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12 • An annual report be presented to the HRA Board by April 1 identifying estimated revenues from TIF
13 decertifications.
14 • Higher education student fee proposal be evaluated and results reported to the City Council by June 1,
15 2006.
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• Financing from parking meters be evaluated and a report provided by February l, 2006; and, quarterly
reports be furnished on revenue collecfions thereafter.
• State legislafion be drafted allowing for income adjusted property t� relief for the ROW assessments.
• Short-term financing plan be developed to allow both Jimmy Lee and the Western Police Station to be
contracted in 2006.
• STAR Board recommend guidelines and project priorities for use of bond proceeds by March 1, 2006.
• City departments complete a self-energy audit to idenrify options to fiuther reduce energy costs with
results reported to the City Council by April 1, 2006.
• Alternative opfion B is selected from the OFS report dated 12-9-OS for repayment of the West Midway
TIF; loan agreement to be made with HRA.
• City Council to review and approve guidelines for short-term loans from the Internal Loan Fund #070.
• Library Boazd to develop a policy for reducing reliance on LGA by March 1, 2006.
• City Council, with the assistance of the Library Board, develop and approve a Fund Balance Policy for
the Public Library Agency by March 1, 200b.
• City Council, with the assistance of the HRA Board, develop and approve a Fund Balance Policy for the
HRA by 7une 1, 2006.
• City Council, with the assistance of the SPRWS Board, develop and approve a Fund Balance Policy for
the Water Utility Fund by June 1, 2006.
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34 And be it fmally resolved that sepatate resolutions have been prepared for the financial policy needs of
35 the RiverCentre Visitors and Convention Authority, the Right-of-Way Maintenance Fund, and fund
36 balance policies for the special funds.
Yeas
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Requested by Department of.
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Form Approved by City Attomey
By:
Adopted by Council: Date
Adoprion Certified by Council Secretary
BY _ !'/�1t�/�/�.4�� z
D2te / ! —'
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Form Approved by Mayor for Submission to Council
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� Green Sheet Green Sheet Green Sheet Green Sheet Green Sheet Gresn Sheet �
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Conpct Person 8 Phone:
Council Presidefrt LaMry
on Council Pyenda by (Date):
ContraMType:
RE�2ESOLUiION
r�e.�x._�::.
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Assign
Number
For
Routing
Order
Green Sheet NO: 3029151
0 ICouncil I I
1 om ' De arlm nt Direc[or
2 'tvC7erk GStaClerk
3
4
5
Total # of Signature Pages _(Clip All L for SignaW re)
Action Requested:
Resolution designating proposed changes in financial policies from the 2006 Dollaz List.
itlations: Approee (A) or F
Planning Commission
CIB Committee
G1NI Service Commission
1. Has this persoNfirtn e�er waKed under a contract for this department?
Yes No
2. Has this persoNfirtn eeer been a city employee?
Yes No
3. Does this person/firtn possess a skill rwt nofmally possessed by any
currerrt city employee?
Yes No
Explain all yes answers on separate sheet and attach to green sheet
Initiating Probiem, Issues, Opportunity (Who, What, When, Where, Why):
Advantages IfApproved:
DisadvanW9es if Approved:
Disadvanta9es If NotApproved:
Trensaction:
Funding Source:
Financial Infortnafion:
(Explain)
Cosf/Revenue Budgeted:
Activity Number:
December 2i, 2005 11:31 AM Page 1