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10-12-10 SpecialCITY COUNCIL MINUTES ~ Richfield, Minnesota Special City Council Worksession October 12, 2010 CALL TO ORDER The meeting was called to order by Mayor Goettel at 6:00 p.m. ROLL CALL Council Members Present: Debbie Goettel, Mayor; Sue Sandahl; Pat Elliott; Fred Wroge; and Tom Fitzhenry. Staff Present: Steven L. Devich, City Manager; Mike Eastling, Public Works Director; Robert Hintgen, Utilities Superintendent; Kristin Asher Osberg, City Engineer; Chris Regis, Finance Manager; and Cheryl Krumholz, Recording Secretary. Item #1 DISCUSSION REGARDING 2011 UTILITIES BUDGET (COUNCIL MEMO NO. 153) Public Works Director Eastling, City Engineer Asher Osberg and Finance Manager Regis made a PowerPoint presentation (City Clerks File No. 456) regarding the 2011 utilities budget. City Manager Devich stated he had concerns regarding the cash balance and the impact on the City's bond rating. The City Council requested they be provided water usage information. City Manager Devich concluded that staff would return to the City Council with recommendations on utility rates and capital investments needing to be completed. ADJOURNMENT The meeting was adjourned by unanimous consent st`6:50 ,~ ~ ~ `` Date Approved: ~E ~~~~~ ~ ~~ /sz ~,~G~ Cheryl Kr mhol Recording Secretary M '- ~ ~1 oettel City Manager .8 .~ , f `.