Agenda 09/14/1999 - Laserfiche WebLink

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THURSDAY, JUNE 3, 1999 135 the budget for this, even though these costs were sure to arise in the coming fiscal year. Mayor Crabtree stated that he was confident of the city's ability to address these issues as necessary, based upon the revenues from tipping fees and the nearly $4 million balance in the Closure/Post-Closure Fund for the landfill. Mr. Reynolds stated that there was only $100,000 in the budget for physical plan expansion at the landfill, to provide for the grading of a transfer station site. He noted that nothing else had been provided for capital improvements, although the City had more than $3 million in the Closure/Post-Closure Fund for the facility that could be used to enhance the physical plant expansion line item to $1 million or more if Council wanted to do so. Mr. Reynolds stated that regardless of what work was required at the landfill for capital improvements the money would ultimately come from the same source, the Closure/Post-closure Fund, when needed. He added that Council had done a great deal more than most jurisdictions in providing for responsible management and closure of their landfill. Council Member Haskell stated that she would feel more comfortable with a line item of $.5 to $1 million in the budget line item for physical plant improvements at the landfill. Mr. Reynolds noted that both a revenue and an expenditure line item would have to be added for this purpose, one on page 119 of the budget for Revenue from Investments, and an expenditure line item in the landfill budget. Mayor Crabtree suggested that this should be lef~ as is, so as not to affect the appearance of the City's financial standing with regard to the issuance of bonds. Finance Director Wade Bartlett also noted that at this time there was no way to know what the actual costs of such additional improvements would be. No action was taken to change the budget on this item at this time. Council then quickly reviewed several other budget areas, including Stores, Housing, Capital Reserve, and Street Maintenance. Council Member Roop asked if there were ~mds in the budget to provide for the construction of sidewalk on Spruce Street, as discussed earlier in the year, and Mr. Reynolds stated that the funds were there. Council Member Roop also asked about the City's Street Marking schedule, stating concern about the need for direetional marker improvements at the intersection of Spruce and