Laserfiche WebLink
Session 172 I, Minutes <br />May 4, 1998 <br /> <br />#3 - Installation of Computer Network Cable in City Hall and Annex: Invitations to Bid <br />were sent to four companies for subject requirement. The following bid was received: <br /> <br />Coleman Enterprises, Inc. <br /> <br />$8,959.00 <br /> <br />Mr. Ollendorff recommends awarding this project to CEI for $8,959.00. <br /> <br />#4 - Street Vacating Public Hearing: Benlou North of Stanford: Mr. Ollendorff <br />recommends setting 7:30 p.m. on May 18th, in the Council Chambers as the time and <br />place for a public hearing on the request to vacate an unpaved portion of Benlou <br />extending one-half block north from Stanford. The City has no apparent need for this <br />public right-of-way and the neighboring owners want to use it as a yard extension. <br /> <br />Mr. Wagner moved adoption of the consent calendar. Mr. Schoomer seconded the <br />motion, which carried unanimously. <br /> <br />AGENDA #2: ANNUAL BUDGET PUBLIC HEARING: <br /> <br />Mr. Ollendorff said that the City Council has called for a public hearing to be held on the <br />first meeting date in May at 7:30 p.m. to receive any comments or suggestions for the <br />City's budget for the fiscal year beginning July 1, 1998. All comments will be <br />considered by the City Council during budget review scheduled to take place over the <br />next two weeks. A second public hearing on the budget is scheduled for this same time <br />and place on Monday, May 18th. <br /> <br />Mayor Adams declared the public hearing open. <br /> <br />Mayor Adams asked the City Manager to give a brief summary of the City's budget. Mr. <br />Ollendorff said that the General Fund for operating purposes and capital expenditures <br />is about $20.4 million. Next year it will be about $21.5 million which represents about a <br />five percent increase. The increases in revenue comes from the sales tax, which <br />continues to bring in larger than expected amounts of money, because the economy is <br />very good. The newly adopted local use tax, which will be in effect the first time next <br />year will also bring in revenue. The operating side of the budget reflects no new <br />programs. There is some expansion of existing programs, especially in the recreation <br />area. There is also an expansion of expenditures for capital improvement, as we <br />attempt to keep our aging infrastructure in good shape. <br /> <br />Being that there were no requests to speak, Mayor Adams declared the public hearing <br />closed. <br /> <br /> <br />