October 5, 1999, 5:30 p.m.
Mayor Lou Colosimo
Pat Larsen discussed the Capital Improvements Program. She presented information and explained the need for such a program and the process to implement the program. She also explained a capital asset, a capital project, and a Capital Improvement Budget. Pat stated that the Council needs to appoint a committee, consisting of key City staff, citizens of the community, and members of the Council if they desire. This committee will conduct an overall review of the City and prepare a list of projects and what they consider Price City's goals and needs to be. The list will then be presented to the Council for their approval or revision. A formal public hearing will need to be held to receive public input. It was recommended that the Community Progress and Planning and Zoning Commission become involved..
Pat presented a short list of projects that might be considered as Capital Projects and the estimated costs of each project. Funding for Capital Projects could come from grants, general obligation bonds if necessary, leases, etc. She recommended a projection of 5 years for future projects. Pat stated that over the years, funds have accumulated in the Capital Improvements Fund. If the City doesn't come up with a plan, it is illegal to keep the money in that fund. The Council concurred that this program needs to be implemented.
MOTION. Councilmember Piccolo moved that a committee, consisting of Vern Jones as Coordinator, and Pat Larsen and Gary Sonntag as Co-Coordinators, be appointed to begin the Capital Improvement Project Program. Motion seconded by Councilmember Denison and carried.
The Council discussed impact fees versus connection fees for sewer and water service.
Meeting adjourned at 6:40 p.m.