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City Council Agenda Packet 12-02-1992AGENDA SPECIAL MEETING - MONTICELLO CITY COUNCIL Wednesday, December 2, 1992 - b p.m. Call to order. Public Hearing on adoption of 1993 budget and consideration of a resolution setting the 1993 tax levy. Adjourn. Council Agenda - 12/2192 Public Hearine on adoption of 1993 huditet and consideration of a resolution .ettinse the 1993 tax levy. (K.W.) A. REFERENCE AND BACKGROUND As part of the truth in taxation requirements, the City is required to hold a public hearing on the adoption of the 1993 budget and resulting tax levy. The actual tax levy adopted must he submitted to the County Auditor's office by December 25 to meet the guidelines. If the Council is unable to adopt the tax levy and budget at the fi p.m. special meeting on December 2, a continuation hearing can he held on December 9 at 5 p.m. At our budget review session Wednesday, November 4, the City Council consensus was that the proposed budget resulting in a tax levy of $2,791,26.3 would be proposed at, the public hearing. This tax levy, which is the same as the 1992 tax levy, should actually result in a slight decrease to taxpayers of Monticello. Although the levy amount is the same as last year, the City will lie receiving slightly more in HACA aid from the state (Homestead Agricultural Credit Aidi, which results in the net levy (wing spread amongst the taxpayers of $2,526,216. This compares to a net levy spread last year of $2,558,554 or $:12,338 less. This $32,338 will he additional homestead credit aid that the City will receive over the 1992 aid amount. Based on this proposed tax levy, our 199:3 tax capacity rale should be 16.308 compared to 16.492 last your. At our budget review workshop, no major changes were made to the proposed budget find tax levy. I did add an additional $53,000 to the planning and zoning department to cover possible recodifacation of our ordinances. Since our lax levy was already at the maximum allowed, I reduced the tax levy requirements for the capital outlay revolving fund by $53,000. The Council also discussed the many options that were available within the capital outlay revolving fund for 1993 and noted that any particular expenditure proposed in the budget would he reviewed For priority status during 1993. Proposals within the capital outlay fund included setting aside $100,0M in reserve fund for the future interceptor sewer extension, $75,000 for it new animal shelter, $353,000 set. aside for if future fire truck purchase, and $250M) for tan overlay of the commuter parking lot. None of the proposed expenditures fare absolutely necessary in 1993 thus leaving the Council the latitude W utilize funds for other projects if necessary. Council also discussed the possibility of setting aside funds fear I'hase II expansion tat the maintenance building and also setting aside funds liar implementing it park and trail pathway system throughout the City. The summary worksheets outlining the proposed IW3 Municipal Budget are Unclosed for your review. The summary lurmat is intended to give the Council tui overview of the general expenditures find revenues by mfpur categories, funds, and departments. Additional line item deutil is available in the master copy til city hull if anyone is interested. Council Agenda - 12/2192 While the public comments are encouraged and welcome, it is the Council's authority to determine the actual tax levy for 1993. Changes in the proposed budget can still he made at Wednesday's special meeting if desired, and if additional lime is uecded by the Cuumil uefure setting the actual tax levy, tine meeting can be continued until 5 p.m. Wednesday, December 9. 1 do not expect a zero percent increase to be controversial, as it actually will result in a $32,000 decrease in the taxes we collect. 11. ALTERNATIVE ACTIONS: 1. After the close of the public hearing, the Council should adopt a resolution selling tax levy requirements for next year at $2,791,263, the maximum allowed. 2. The Council could adopt a tax levy that is less than the amount proposed but in no case higher than the $2,791,263. C. STAFF RECOMMENDATION: It is recommended that the resolution be adopted using the maximum tax levy allowed at $2,791,263. D. SUPPORTING DATA: Budget memo of October 26, 1992; Summary worksheets; Resolution. tt MOYMELL0 )1pce of the Ca, AJmmor,at, t 2>IEast Broad%vav Monticello, MN 55362.9245 Phone: (612) _795.2711 MEMO Mctm: (612) 333-5759 TO: Mayor and Council Members v FROM: Rick Wolfstelier, City Administratp"7- DATE: October 26, 1992 RE: 199:3 Proposed Budget and Tax Levy Workshop Attached you will find sumunary worksheets outlining the proposed 1993 municipal budget. The budget calculations have leen prepared based on the Council action in late August to have a maximum tax levy of $2,791,263, which is the same as 1992. Many of the fund totals proposed in late August remain the same, but there have been changes in various categories and line items by department heads in fine tuning the proposed budget. The summary format attached is intended to give you an overview of the general expenditures and revenues by major categories, funds, and departments. Additional detail is available in the computer-generated worksheets, which are available at city hall. If any Council mender would like a full set, please let me know, and I will run a copy for you. The reason I did not enclose them this time is that last year I wasn't sure whether the line item detail was used by the Council members and may be more confusing than the generalized summary. The proposed 1993 budget and resulting tax levy of $2,791,26:3 should actually result in a slight decrease to the taxpayers of Monticello. Although the levy amount is the same as last year's, lite City will be receiving slightly more in HACA aid from the state thomestead and agricultural credit), which results in the net levy heing spread amongst the taxpayers of $2,5215,216. This compares to n net levy spread last year of $2,5.58,554, or $32,338 less. Based on the maximum tax levy adopted previously, it is estimated that our 1993 tax capacity rate would be 16.308 compared to 16.492 last year. Memo Mayor and Council Members October 26, 1992 Page '2 Our 1993 budget proposal has included a number of increased expenditures for such items as an additional refuse cost for Kjellbergs West of $28,000 should this property be annexed into the city. The budget also includes an additional $71,175 for an increase in our police contract coverage with the change to 24-hour coverage. The City is also now required to pay sales tax on many purchases, which has been estimated at an additional $26,000. Employee personnel cost increases for comparable worth adjustments of $18,000 and an additional cost of living adjustment calculated at 5% for $26,000 has also been included in the budget. In regards to personnel, the proposed budget has also included the cost of an additional employee in the public works department for a secretary position at a cost of $28,000, and an additional employee in the sewer and water department estimated at $30,125. As noted on the information sheet attached, some of the items proposed in the budget would be required to be included, while others are optional such as adding new employees, etc. Again, the fact that additional expenditures are included in the budget for such things as new employees does not mean that the Council could choose not to implement new programs or hire employees in the future. The proposed budget dues include at this time the following items: I. Transfer of $110,000 from the liquor store fund to the EDA fund to keep the revolving loan program at a $200,000 funding level. 2. The sewer and water department expenditures include budgeted depreciation for contributed assets. This is why the expenditures seem to far exceed the revenues, as we do not attempt to recapture depreciation through user fees, but it is shown to correspond with our annual audit report. Included for depreciation is $:124,900 in the sewer fund and $152,500 in the water fund. :1. As 1 noted earlier, the additional cost for salaryand benefits for two employees- -one for the sewer collection and water department and one for a public works department secretary. Total amount budgeted: $.519,210. 4. Law enforcement contract --additional $71,175 for 24-hour coverage. 5. Animal coutrol--additional $11,000 for animal contract, with a capital outlay fund proposal of $75,000 for relocating the dog pound facility. 6. Refuse contract --includes $28,2.50 for providing garbage service to Kjellbergs West Mobile Home Park. Memo Mayor and Council Members October 26, 1992 Page 3 The general fund along with the capital outlay fund are proposing the largest levy increase requirements over last year at $254,000 for the general fund and $56,400 for the capital outlay fund. Approximately $174,000 of the increase required in the general fund is because of required increases such as additional refuse cost, additional police contract hours, sales tax requirement, etc. The capital outlay fund was used to target any remaining tax levy available to still meet our goal of the levy being the same as last year. Out of the $248,000 levy in the capital outlay fund, the Council would have many options for utilizing this revenue source. Proposals suggested included setting aside $100,000 in a reserve fund for the future interceptor sewer extension, $75,000 for a new animal shelter, $35,000 set aside for a future fire truck purchase, and $25,000 for an overlay on the commuter parking lot. The Council may want to discuss whether some of the proposed reserve funds from the capital outlay fund should he earmarked for other programs such as park, trail, and bike path improvements, or possibly setting aside funds for future phase If expansion of the maintenance building project. Many options are available; but at this point, it would not be my recommendation that we lower the tax levy from the amount proposed. Generally, I feel it would be more appropriate to adopt a final levy in December that is the some as last year's and setting aside reserve funds where appropriate for future projects that we know are coming or will be needed. By the time you read this, 1 assume we have already set the date and time for our budget workshop review. Again, if any Council member would like a complete computer-generated line item budget, which includes all revenue and expenditures for each fund, please let me know, and I'll he glad to run a copy for you. Fund General Library Transportation Shade Tree OAA HRA Debt Service Capital Imp. Revolving TOTAL TAX LEVY SUMMARY 1993 BUDGET ALL FUNDS Certified Levy Increase - $0 Payable 1989 Tax Capacity Rate . . . . 14.283 Net Payable Payable 1990 Tax Capacity Rate . . . . 16.187 1993 Adjusted Payable 1991 Tax Capacity Rate . . . . 15.511 Levy After Payable 1993 Payable 1992 Deducting HACA $1,758,960 $1,499,653 $1,591,927 30,235 29,236 27,372 16,777 17,688 15,187 24,200 27,375 21,894 30,225 30,625 27,363 11,700 13,075 10,587 676,065 981,907 611,871 243,101 191,704 220,015 $2,791,263 $2,791,263 $2,526,216 Certified Levy Increase - $0 Payable 1989 Tax Capacity Rate . . . . 14.283 Payable 1990 Tax Capacity Rate . . . . 16.187 Payable 1991 Tax Capacity Rate . . . . 15.511 Payable 1992 Tax Capacity Rate . . . . 16.492 Est. Payable 1993 Tax Capacity Rate. . 16.308 Tax Tax Capacity Value Capacity Rate Tax Levy 188/Payable 1969 $ 15,405,139 14.283 $2,198,008 '89/Payable 1990 15,873,242 16.187 2,568,106 '90/Payable 1991 16,161,043 15.311 2,506,132• '91/Payable 1992 15,513,574 16.492 2,558,554• '92/Payable 1993 15,490,500 16.308 2,526,216• • Actual levy collected from taxpayers --balance received from state in HACA aid payments (1993 est. $265,047). I 1993 BUDGET SUMMARY • includes $324,900 Depreciation --contributed assets •• includes $152,500 Depreciation --contributed assets 1993 1992 FUND REVENUE EXPENDITURES REVENUE EXPENDITURES General $2,218,035 $2,218,035 $1,859,153 $1,859,153 Library 30,735 30,735 29,736 29,276 Transportation 65,920 65,920 72,182 72,182 Shade Tree 29,950 29,950 32,875 32,875 UDAG 11,525 -0- 14,800 -0- OAA 30,600 30,600 31,175 30,625 HRA 373,600 268,323 351,450 282,095 EDA 128,345 2,360 11,215 2,360 Debt Service 1,472,769 1,714,100 1,654,929 1,671,500 Liquor 1,548,350 1,522,835 1,373,950 1,306,950 Water 162,000 315,500•• 141,425 139,670 .;ewer 453,480 778,380• 447,840 447,840 Capital Imp. 264,696 274,200 301,504 302,000 Water Imp. 14,400 8,250 12,400 20,800 Sewer Imp. 17,000 8,250 11,300 10,000 TOTAL $6,821,405 $7,267,438 $6,345,934 $6,207,326 • includes $324,900 Depreciation --contributed assets •• includes $152,500 Depreciation --contributed assets GENERAL FUND SUMMARY 1993 BUDGET Adopted REVENUE 1993 1992 Taxes Current Ad Valorem 51,75t1,9b0 21,499,653 Penalty/ Interest 4,000 10,800 Tax Increments --Kmart 107,600 -0- $1,870,560 $1,510,453 Licenses and Permits - Business Liquor 17,000 16,750 Beer 1,700 1,675 Set Ups 350 325 $ 19,050 $ 18,750 Licenses and Permits - Non -Business Building Permits 42,000 40,000 Variances/Conditional Uses 1,500 1,500 Dog Licenses 200 200 Others 2,200 2,000 $ 45,900 $ 43,700 Inter -Governmental Fire Department Aid 32,125 30,600 Police Department Aid 19,500 18,500 51,625 $ 49,100 Charqes for Services General Government 800 700 Public Safety (Township Contract) 55,000 49,000 Streets - C.S.A.R. Ntnc. 3,750 4,000 Deputy Registrar 80,000 75,000 Other 150 750 Subdivision Fees 500 250 Special Processing Fee (Garbage) 6,000 4,000 Recycling Incentive 5,000 4,800 Inspection Fees 2,000 8,000 Garbage Cart Rental 3,000 -0- $ 156,200 $ 146,500 Fines Animal Impoundment 18,000 12,000 $ 18,000 $ 12,000 Miscellaneous Revenue Interest on Investments 43,000 65,000 Sale of Property 100 50 Contributions/Donations/ Park Dedications 2,400 2,400 Other 200 200 S 45,700 S 67,650 Refunds and Reimbursements IDC Reimbursement 11,000 11,000 $ 11,000 $ 11,000 TOTAL GENERAL FUND REVENUE $2,218,035 $1,859,153 GENERAL FUND SUMMARY 1993 BUDGET Adopted EXPENDITURES 1993 1992 Mayor and Council $ 18,275 $ 19,525 Administration 192,260 164,300 Finance 86,120 78,300 Insurance 62,975 53,325 Audit 13,000 13,000 Legal 24,175 24,175 Planning 6 Zoning 44,950 36,520 Inspections --Bldg. Official 41,690 34,865 Assessing 12,930 17,420 Deputy Registrar 66,585 63,075 City Hall 40,960 51,455 Computer 26,210 39,150 Elections 450 4,010 TOTAL GENERAL GOVERNMENT $ 630,580 $ 599,120 Law Enforcement $261,525 190,350 Fire 118,615 124,933 Civil Defense 7,485 7,145 Animal Control 40,000 22,925 TOTAL PUBLIC SAFETY $ 427,625 $ 345,353 Inspection $ 34,450 30,725 Admin. & Engineering 108,135 71,470 Streets 6 Alleys 224,955 201,640 Snow 6 Ice 14,885 13,600 Street Lighting 6 Parking Lots 46,350 45,100 Shop 6 Garage 40,900 17,250 Refuse Collection 323,425 281,400 TOTAL PUBLIC WORKS $ 793,100 $ 661,185 Senior Citizens Center f 36,000 38,800 YMCA/Community Ed. 25,000 24,500 Information Center/Museum 1,920 3,750 TOTAL HEALTH 6 WELFARE $ 62,920 $ 67,050 Parks s Roc./Cemetery $146,025 $ 146,355 TOTAL PARKS 6 RECREATION $ 146,025 $ 146,355 Community Development $ 152,285 $ 40,090 TOTAL COMMUNITY DEVELOPMENT $ 152,285 $ 40,090 Misc.--Severance Benefits $ 5,500 $ -0- TOTAL MISCELLANEOUS $ 5,500 $ -0- TOTAL GENERAL FUND EXPENDITURES $2,218,035 $1,859,153 SUMMARY DEBT SERVICE FUNDS 1993 BUDGET FORECAST REVENUE fffffffffffffffff♦iffffffffffffffffffffffffffffffffffffffffffffffff EXPENDITURES Principal Interest Paying Agent Fees Int. Exp. --Fund Deficits $1,090,000 584,089 9,861 30,150 $1,005,000 612,971 11,029 42,500 TOTAL EXPENDITURES $1,714,100 $1,671,500 Adopted 1993 1992 Current Ad Valorem $ 676,065 $ 981,907 Interest 84,500 106,600 Spec. Asmt.--County 384,204 340,722 Transfer In --Tax Inc. 220,400 225,700 TOTAL REVENUE $1,365,169 $1,654,929 fffffffffffffffff♦iffffffffffffffffffffffffffffffffffffffffffffffff EXPENDITURES Principal Interest Paying Agent Fees Int. Exp. --Fund Deficits $1,090,000 584,089 9,861 30,150 $1,005,000 612,971 11,029 42,500 TOTAL EXPENDITURES $1,714,100 $1,671,500 CAPITAL OUTLAY ITEMS 1993 BUDGET Fund/Dent Fundinq Source City Hall 35mm camera for newsletter $ 300 General Fund Table for fax machine 300 General Fund (8) chairs - clerical 2,000 General Fund Paper cutter 120 General Fund Extra dictation/ transcription unit 400 General Fund (5) chairs for Council Chamber 1,750 General Fund Carpet --staff table area in Council Chamber 250 General Fund (50) chairs - Council Chamber 2,500 General Fund $ 7,620 Data Processinq Software $ 3,325 General Fund Computer Equipment: Terminal 900 General Fund Laser printer 2,500 General Fund Tape backup 310 General Fund Graphic image scanner 500 General Fund Personal computer 3,000 General Fund $10,535 Public Works Administration Fax machine $ 300 Street Shop/Garage Powered loading dock $ 5,500 General Fund Add'1 paving --maintenance building, east driveway 5,000 General Fund 1 -ton electric trolley hoist 1,500 General Fund Sliding gate --maintenance building 2,900 Capital Outlay Fuel dispensing computer 6,300 Capital Outlay $21,200 Street Crack router for streets $ 7,000 General Fund Oil jacketed kettlo on trailer (1/3) of cost 8,000 General Fund Sealcoating program 31,500 General Fund Resurfacing storm sewer improvements and curb replacement --East Cty Rd 75 30,000 Capital Outlay Paint striping 7,500 General Fund $84,000 Parks Basketball court --Meadow Oak $ 2,000 General Fund Cardinal Hills Perk --(passive) 51000 General Fund Picnic tables 2,000 General Fund Tree plantings --perk 6 public property 10,000 General Fund $19,000 CAPITAL OUTLAY ITEMS 1993 BUDGET CAPITAL OUTLAY ITEMS CONTINUED... Sewer Capital Outlay 3,200 Lift station alarm board $ 1,800 Sewer Fund (1/2) of van for sewer/water dept 8,250 Sewer Access 1,170 General Fund 750 Reserve for future Interceptor Fund 625 General sewer extension $100,000 Capital Outlay Fund $110,050 General Fund Water General Fund 1,000 (1/2) of van $ 8,250 Water Access Fund $46,430 Fund 150 lb. chlorine cyl. repair kit 1,800 Water Fund $10,050 Commuter Parking Lot Overlay commuter lot Animal Control New animal shelter Fire Reserve for future fire truck purchase (2) breathing apparatus (2) portable radios (1) gated distribution valve with relief valve 200 ft large diameter hose 300 ft 1-3/4" attack hose 150 ft 3" attack hose (1) 10 ft hard auction hose (2) nozzles (1) chimney fire hose (1) washer b dryer (1) water curtain nozzle TOTAL --ALL DEPARTMENTS $25,000 Capital Outlay $75,000 Capital Outlay , $35,000 Capital Outlay 3,200 General Fund 1,200 General Fund 1,200 General Fund 1,170 General Fund 750 General Fund 625 General Fund 375 General Fund 1,130 General Fund 400 General Fund 1,000 General Fund 380 General Fund $46,430 $409,755 Other possible capital outlay uses the Council may want to discuss: 1. Allocation of funds for park, trail, 6 bike paths. 2. Allocation of funds for phase II, maintenance building improvements. 1993 SUNNARY OF LEVY INCREASES PROPOSED BY FUNDS A) General Fund levy up $254,000 Because of: Required Optional 1. Add'l refuse costs-- Rjellberg West $28,250 2. Add'l employee -- PW dept secretary $28,000 3. Police contract -- 24 -hr. coverage $71,175 4. Personnel costs increase (cost of living adjust. 6 comp. worth adjust.) $18,000 $26,000 5. Animal control program increase --contract $11,000 6. Sales tax requirement --6.51 $26,000 7. General cost of living increase $35,000 B. Add'l improvements to new maintenance building 6 higher utility costs 8,000 12,000 $162,425 $101,000 B) Capital Outlay Fund 1. Levy up $55,897 The following enterprise funds do not require tax levies but have increased expenditures: Water Fund up $32,750 Because of: 1. Add'l employee costs (partial) $20,300 2. Add'l health dept fee based on water connections 8,200 3. Higher electrical costs than budgeted for in 1992 7,000 $35,500 Sower Fund up $11,350 Because of: 1. Add'l employee costs (partial) $10,935 SUMMARY OF PROJECTED REVENUES, EXPENDITURES, AND FUND BALANCES (CASH & INVESTMENTS) (No Increase in Tax Levy) revsum.wkl: 25 -Nov -92 PROJECTED 1993 1993 PROJECTED BALANCE BUDGETED BUDGETED BALANCE FUND 12/31/92 REVENUE EXPENDITURES 12/3119 General $1,145,969 $2,218,035 $2,218,035 $1,145,969 Library $750 $30,735 $30,735 $750 Tree $81,825 $29,950 $29,950 $81,825 OAA $1,081 $30,600 $30.600 $1,081 Water $88,967 $162,000 $163,000 587,967 Water Access $97,309 $14,400 $8,250 $103,459 Sewer $31,794 $453,480 $453,480 $31,794 Sewer Access $26,010 $17,000 $8,250 $34,760 Transportation (1,525) $65,920 $65,920 (1,525) Liquor $85,792 $1,548.350 $1,522,835 $111,307 Capital Outlay Revolving $268,152 $264,696 $274,200 $258,648 HRA $352,300 $373,600 $268,323 $457,577 UDAG $132,585 $11,525 $0 $144,110 EDA $25,516 $128,345 $2.360 $151,501 SUBTOTALS $2,336,525 $5,348,636 $5,075,938 $2,609,223 Debt Service General Obligation Bonds 5468,554 $419,020 $380,750 $506.824 Special Assessment Bonds $1,748,046 $718,949 $1,013,550 $1,453,445 Tax Increment Bonds $343.250 $334,600 $319.800 $358,250 SUBTOTALS $2,559,850 $1,472,769 $1,714,100 $2,318,519 TOTALS $4,896,375 $6,821,405 $6,790,038 $4,927,742 revsum.wkl: 25 -Nov -92 RESOLUTION 92 - RESOLUTION ADOPTING THE 1993 BUDGET AND SETTING THE TAX LEVY WHEREAS, the City Administrator has prepared and submitted to the City Council a budget setting forth therein his estimated needs of the City of Monticello for all operations and the debt service for the fiscal year commencing January 1, 1993, and: WHEREAS, the City Council has reviewed the same and has made such changes therein as appear to be in the best interest of the City of Monticello; NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF MONTICELLO that the budget so submitted by the City Administrator, together with the changes made therein by the City Council, be and same hereby is adopted as a budget for the fiscal year commencing January 1, 1993, and; BE IT FURTHER RESOLVED by the Council of the City of Monticello that there be and hereby is levied for the fiscal year commencing January 1, 1993, and the following sums for the respective purposes indicated therein upon the taxable property of the City of Monticello, to wit: REVENUE General $1,758,960 Library 30,235 OAA 30,225 I I RA 11,700 Tree 24,200 Trans portati on 16,777 DEBT RETIREMENT Debt Service Fund $ 676,065 CAPITAL IMPROVEMENTS Capiltd Improvement Revolving 243,101 101 TOTAL. TAX LEVY $2,791,263 The alNive resolution was introduced by Councilmember , was duly seconded by Cuuncilmember with the following voting in favor thereof: The following voting in the opposition: The City Administrator is hereby instructed to transmit a certified copy of this resolution to the County Auditor of Wright County, Minnesota. Dated this 2nd day of I'h!cember, 1992. Mayor City Administrator AGENDA FOR THE REGULAR MEETING OF THE CITY COUNCIL Monday, December 14,1992 - 7 p.m. Mayor: Ken Maus Council Members: Shirley Anderson, farad Fyle, Clint Herbst, Dan Blonigen 1. Call to order. 2. Approval of minutes of the special meeting held November 23, 1992, the regular meeting held November 23, 1992, and the special meeting held December 2, 1992. 3. Citizens commenls/petitions, requests, and complaints. 4. Consideration of a resolution awarding the sale of $535,000 C.O. refunding bonds, Series 1993A. 5. Consideration of an offer to purchase vacant 7th Street right-of-way from City --Land Projects Partnership. 6. Consideration of increase in sewer and water rates. 7. Consideration of a resolution authorizing issuance and sale ofG.O. taxable tax increment i bunds--Suhurba n Dkachine. S. Consideration of it resolution commenting on proposed permanent rules governing enforcement of Wetland Conservation Act of 1991. 9. Consideration of preliminary engineering report for chlorination/dechlorination tit the Monticello Wastewater Treatment Plant. 10. Consideration oaf purchase of leak detector for water department. 11. Consideration of reducing retainage for City Project 92-06, Public Worlts Vehicle Storage Facility. 12. Consideration of final payment to I.n'Pour Cunstruclion for Project 91-01, Fallon Avenue; 91.02, Briar flakes Estate; 91.03, Cardinal Hills Phase I. I:1. Consideration of extension of final completion date with change order pl and reduction of retainage for City 1'roject 92-02, School Boulevard, and 92.07, Cardinal Hills Second Addition. 14. Consideration of final acceptance of the Prairie West development improvement project. 15. Consideration of fund transfers for 1992. 16. Consideration of bills for the first half of December. 17. Adjournment.