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WS 2004 11 22 CHANHASSEN CITY COUNCIL WORK SESSION NOVEMBER 22, 2004 Mayor Furlong called the work session to order at 5:35 p.m. COUNCIL MEMBERS PRESENT: Mayor Furlong, Councilman Ayotte, Councilman Labatt, Councilman Peterson and Councilman Lundquist STAFF PRESENT: Todd Gerhardt, Justin Miller, Bruce Dejong, Kate Aanenson, Paul Oehme, Todd Hoffman and Richard Rice COMPREHENSIVE 2005 BUDGET REVIEW. DEBT SERVICE. CASH BALANCE AND CAPITAL IMPROVEMENT BUDGET. Bruce Dejong gave a power point presentation on this item. Mayor Furlong asked for clarification regarding market value increases as related to limited market value. Councilman Lundquist asked what examples of catastrophic events wouldn't be covered by insurance and clarification on the amount recommended for catastrophic reserves. Councilman Ayotte asked staff to validate the percentage recommended. Todd Gerhardt explained how bonding agencies like to see cash reserves. Mayor Furlong stated his support for reserves, but asked staff to identify events and the amount of money projected to be needed for such events. Bruce Dejong explained that the percentage is whatever amount the City Council is comfortable with. Todd Gerhardt stated staffwould meet with Tautges-Redpath and bring information back to the council. Mayor Furlong stated he liked the long term numbers and thanked staff for all their hard work on the budget presentation. DISCUSS RESOLUTION OF SUPPORT FOR IMPROVEMENTS TO TH 5 AND TH 41. T odd Gerhardt explained that staff is looking for a resolution in support of the improvements on Highway 5 west of Highway 41. Paul Oehme explained the specific construction plans, short term and long term scheduled to occur in Chanhassen. Mayor Furlong explained the role of the City ofChanhassen as it relates to other cities i.e. Victoria, Waconia" Norwood/Young America. Paul Oehme stated a resolution would be on the next City Council agenda. APPOINTMENT TO MINNETONKA COMMUNITY EDUCATION ADVISORY BOARD. Todd Gerhardt explained the concerns versus benefits to the City ofChanhassen on having representatives on this Advisory Board. Councilman Ayotte expressed concern with the financial shape of the school district and the need for future referendums. Todd Gerhardt recommended that one staff member and one City Council member be appointed to the advisory board. Councilman Labatt asked for clarification about the time commitment. He then volunteered as the City Council representative. Mayor Furlong adjourned the work session meeting at 7:00 p.m. Submitted by Todd Gerhardt City Manager Prepared by Nann Opheim 2