04-11-1988 - Agenda Packet City Council - regular meeting

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such, the City of Orono if it desired would be in the financial position to initia:ty 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 - it ler siren and the larger siren. 3. Utilize the money the City has received from Sprinq 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. Tab'_e. Issue 2. 1. For Minnetonka Beach the availablitiy through the Police contract for purchase of the siren to the City. 2. if it chores to contribute to the siren purchase, only pay a lump sum at t►,e time of purchase. 3. Table. RECOMMENDATION_ - It is recommended that the Citv of Orono pay app[oxi�mately $3,20® 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 recommended 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. PROPOSED MOTION - Moved by seconded by , that the Counci 1 offer to pay up to $ _ for the installation of a 125 decitel siren in Minnetonka Beach and that the City addi'-ionally offer to Minnetonka Beach the opportunity to finance the 1-urc,'se of the siren through the City of Orono. Ayes Nays