03/10/2008 Meeting Minutes - Laserfiche WebLink

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