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Special Council Meeting <br />3-10-08 <br />Page 12 <br />what would happen if disaster happened, debt would not be high on the list. High on the list <br />would be how you maintain the daily operations. , <br />Council President Buckholtz stated it is a concern but any more here it is not imminent. <br />Flat real estate and revenues are always going to be a concern but not anymore than anywhere <br />else. We have had it pretty good compared to a lot of communities. We still do. <br />Mayor Rinker stated we have had it very good and we knew we would not have a"gravy <br />train" forever. No one ever predicted the kind of growth that they have had, but what we have <br />done is the classic. We have taken the profits and turned them back into the businesses of our <br />community. We have a whole lot to show for it. We have built up the value of this community <br />literally with what you see in front of you. Unlike a house that you can sell and move away, we <br />are not moving anywhere. This is us, this is why we have invested this way. <br />Mr. Brett stated it might behoove Council members to revisit the 1992 pro forma. This <br />situation that we are in today even with Progressive's layoffs is much more comfortable than <br />what was being proposed there. If you look at what kind of capital expenditures were thought <br />necessary at that time and they were necessary because there had been about 20 years where <br />there wasn't anything done. Mayor Rinker added, we have done it, just about all of it. Mr. <br />Brett stated a review of that will show you some sizeable debt and a number at the bottom that <br />never went below zero. <br />Council President Buckholtz stated that he does not disagree with what is being said. We <br />have always been cautious. The debt is going up. That is the nature of how we have done it, but <br />we have plenty to show for it. It is redundant to repeat. Everyone in this room has worked hard <br />to achieve what we have. <br />Dr. Paxker asked that in light of the budget and projected finances, at what point do we <br />figure out how the police station fits in to our budget. Mayor Rinker replied that the police <br />station is factored in here. As pointed out by Phil, we have to look at the stop gap. Dr. Parker <br />asked how the $2 million figures. Mayor Rinker stated that his suggestion is until we get some <br />of the final numbers and are ready to go out to bid, which does not look like now, it is going to <br />be until some time toward the end of next month or maybe May, based upon what he heard the <br />last time from the Chie£ This is what Council is going to have to look at collectively. That is <br />when the die would be cast. That does not happen unless Council votes it. Dr. Paxker asked <br />based on the last meeting we had discussing what we could potentially do with changing the <br />building. Mayor Rinker stated he is assuining we can probably with some of the changes. He <br />does not know what the numbers are, but he is assuming they are going to be relatively modest <br />compared to that $2 million. We may drop them a quarter of a million which is a chunk of <br />money, these are legitimate things to look at. We can't expect much of a difference based upon <br />everything we have all talked about. Dr. Parker stated unless we radically change the way we <br />design or the size of that building, we can't expect much change. Mayor Rinker stated his <br />suggestion is there is not anything radically to change about the size or design of that building. <br />He has seen the prototype of that firing range. We have tallced about that. The overall footprint <br />was discussed at our last meeting. We saw this as materially enough and functionally