07-22-1991 Council Packet - Laserfiche WebLink

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r-’ r i . < ’■;-V, , ] > 6^^ 1.ii' H'--' fi-- tiv, ■■' such, the City of Orono if it desired would be in the financial position to initially fund such a siren with Minnetonka Beach to repay its share over a period not to exceed five years. ALTERNATIVES issue 1. participation in funding 1. Agree to pay a percentage of the small siren and a different percentage of a larger siren based on benefit to Orono. 2, pay the difference between the smaller siren and the larger siren. 3. Utilize the money the City has received from Spring Park on its share of the first one to fund Orono’s share on this one. 4. Budget its share in the 1989 budget and defer action until then. 5, Indicate to Minnetonka Beach that the City does not desire any participation in the matter. 6, Table. Issue 2. 1. For Minnetonka Beach the availablitiy through the Police contract for purchase of the siren to the City. 2. If it choses to contribute to the siren purchase, only pay a lump sum at the time of purchase. 3. Table. RECOMMENDATION - It is recommended that the City of Orono pay approxrmarrtTly $3,200 towards the installation of the siren in Minnetonka Beach, which would be the difference between the smaller and larger of the two sirens as the City of Orono would not receive a substantial benefit from the small one but the City of Minnetonka Beach is not substantially benefitted by the larger one. Additionally it is recor oended that the City offer to finance the Minnetonka Beach portion at a reasonable interest rate in equal payments over a period not to exceed five years. seconded by that the CouncilPROPOSED MOTION - Moved by ^ ^ w i offer to pay up to $ for the installation of a 125 decibel siren in Minnetonka Beach and that the City additionally offer to Minnetonka Beach the opportunity to finance the purchase or the siren through the City of Orono. Ayes_, Nays_. i