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MINUTES OF THE <br />ORONO CITY COUNCIL MEETING <br />February 9, 2015 <br />7:00 o’clock p.m. <br />_____________________________________________________________________________________ <br /> <br />Page 26 of 26 <br /> <br />(14. 4th QUARTER FINANCIAL REPORT continued) <br /> <br />The City also had $1.3 million of debt service due on February 1. The City’s total investments are $17.2 <br />million, which is approximately where they were last year at this time. <br /> <br />Olson stated budget adjustments for the departments that are over budget will be prepared for the <br />Council’s approval as part of the February 23 meeting. The overall expenditure budget will not be <br />increased and the increases to the individual department budgets will be offset by budget reductions in <br />other departmental budgets. <br /> <br />CITY ADMINISTRATOR’S REPORT CONTINUED <br /> <br />Loftus noted many of the budget overages were offset by increased revenues and overall the 2014 Budget <br />is very positive. <br /> <br />Loftus reported the Fire Advisory Board met approximately one week ago and that they discussed the <br />upcoming Centennial celebration. Loftus indicated no specific plans have been set at this point. The fire <br />department was at 99.27 percent of expenditures for the year and was partly as a result of reduced calls in <br />2014. <br /> <br />Loftus noted the City has a couple of residents and Park Commissioners who are helping to host an <br />intergenerational conversation about the future in Orono. That event has been scheduled for April 9 at <br />6 p.m. in the Council chambers. <br /> <br />Loftus stated a fair amount of time at the meeting with Hennepin County was spent talking about the <br />Kelly Avenue access. Hennepin County is very aware of Orono’s concerns and they are looking at <br />intermediate short-term options. Loftus stated if the grant goes through, Hennepin County will be <br />redesigning that intersection. <br />*CLAIMS/BILLS <br /> <br />Levang moved, Cornick seconded, to approve payment of the All Fund Account. VOTE: Ayes 5, <br />Nays 0. <br /> <br />CITY ATTORNEY’S REPORT <br /> <br />Mattick stated he had nothing to report. <br /> <br />ADJOURNMENT <br /> <br />Levang moved, Cornick seconded, to adjourn the Orono City Council meeting at 9:36 p.m. VOTE: <br />Ayes 5, Nays 0. <br /> <br />ATTEST <br /> <br />___________________________________ ____________________________________ <br />Diane Tiegs, City Clerk Lili Tod McMillan, Mayor <br />