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ORONO CITY COUNCIL MEETING <br />MONDAY, APRIL 8,2002 <br />10. Lake Minnetonka Communications Commission Appointment <br />Nygard slated he favored appointing Bob Albertson. White stated he was concerned by <br />comments that Mr. Albertson might not have accurately represented himself. Sansevere <br />stated that he read Mr. Albertson’s news clippings and they were from reputable sources. <br />Also. Mr. Albertson is enthusiastic and would look out for the City’s interests. Flint <br />stated he supported Mr. Albertson. <br />Nygard moved, and Sansevere seconded, to appoint Bob Albertson to fill the vacant <br />seat on the Lake Minnetonka Communications Commission for a three-year term <br />expiring on March 31,2005. <br />Vote: Ayes 4, Nays 1 (White). <br />*11. Pay Requests—Long Lake Fire Station <br />Flint moved, and Sansevere seconded, to approve requests for payment in the <br />amount of $19.90 to the Laker Pioneer, $14,727.42 to BKV, and $2,157.75 to SEH <br />(payment of the SEH invoice to be funded 50% from the Joint Fire Station Fund and <br />50% from the Orono General Fund), and to amend the General Fund budget to <br />reflect the SEH expenditure. <br />Vote: Ayes 5, Nays 0. <br />12. Park Commission Projects and Funding <br />Moorse stated that several Park Commission projects were recently discussed, as well as <br />the need to provide a higher level of funding. The three main projects discussed were the <br />Hackberry Park play equipment replacement, layout of a potential satellite ftre station and <br />ice rink on the Larson/Sohns property, and a survey of the property comers of one-third of <br />the City’s lake access lanes. Moorse stated that the Community Investment Fund was one <br />possible source for the Parks projects. The fund is to be an endowment-type fund with the <br />principal amount preserv ed and increased, and 90% of the interest earned to be available <br />for priority projects that do not have alternative funding sources. <br />Moorse stated that the Council had so far used the fund as the source of loans to be repaid <br />with interest. The combined interest earned on the fund balance and on the outstanding <br />loans is approximately $130,000, but the interest is committed to the payment of the debt <br />service on the city facilities HRA bonds through 2007. At that time, there would be a <br />substantial amount of interest earnings available for special projects, including park <br />projects. Staff recommended that the Council take a conservative approach to the use of <br />the Community Investment Fund. <br />Flint stated he felt the submitted Parks projects were worthy, and he felt it was important <br />to note that it would be a loan that will be repaid.