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MINUTES OF THE ORONO CITY COUNCIL MEETING Tuesday, June 10, 2013 7:00 o’clock p.m. _____________________________________________________________________________________ Page 3 of 32 (4. 2012 COMPREHENSIVE ANNUAL FINANCIAL REPORT, Continued) The City of Orono received the GFOA certificate of achievement for excellence in financial reporting in 2011. Hoogeveen noted Orono tends to have a lot more historical information in their reports and the certificate is a testament to the City’s goal to be comprehensive in their financial reporting. McMillan asked what fund balance percentage is desirable for the City. Hoogeveen stated a good starting point is the 50 percent range due to the timing of the City’s tax receipts, but that there are good reasons to have it somewhat higher. Hoogeveen commented it typically comes down to the timing of tax receipts. Orono historically has had good fund balances and excellent control over expenditures. The City Council took no formal action on this item. 5. TOUR DE TONKA Tim Litfin, Minnetonka Community Education, stated he is here tonight to present some information on the 2012 Tour de Tonka as well as provide an update on the 2013 Tour de Tonka that is scheduled for Saturday, August 3. Liftin noted 2013 marks the eighth year for this event. The event starts and stops at the Westonka High School, with all the contestants leaving the high school at 7:30 a.m. The event has grown by 314 percent over the past seven years and riders range from 5-years- old to 83-years-old. The Tour de Tonka has riders from 212 different communities from 24 states. The largest number of riders came from Minnetonka, Minneapolis, Chanhassen, and Plymouth. There were a total of 487 volunteers in 2012, with 330 different rest stops being manned. Litfin noted the various local police and fire departments are instrumental in the success of the Tour de Tonka. For 2013, a 51-mile route has been added, but the event will also include 16, 26, 43, 77, and 100 mile options. The Tour de Tonka encompasses 22 different communities. Litfin played a video of highlights from past Tour de Tonka events. McMillan asked as the riders are coming out of Wayzata into Orono whether they would be traveling on County Road 15 or riding on the trail. Litfin indicated the riders will have a choice but that the majority of them elect to take the trail. The City Council took no formal action on this item. PLANNING COMMISSION COMMENTS – KEVIN LANDGRAVER, REPRESENTATIVE Landgraver reported the Planning Commission received some feedback at their last work session from Mike Gaffron on the comments from the City Council regarding the accessory uses and structures ordinance. The Planning Commission will be looking at alternative energy structures at the Council’s request. Item #02 - CC Agenda 06/24/2013 Approval of Council Minutes 06/10/2013 [Page 3 of 32]