Laserfiche WebLink
<br />City Council Minutes <br />August 26, 1991 <br /> <br />Page 5 <br /> <br />e <br /> <br />The City Administrator reviewed the status of the 1991 budget. He <br />indicated that Local Government Aid has been cut for 1991 and 199?. It <br />was stated that very limited funds are expected to be added to the fund <br />hal ance at the end of 1991. He further i nd icated that a levy limit. <br />freeze has been placed on cities for taxes payable in 1992. No <br />additional funds can be collected based on new growth and this wi II <br />make funding new programs for 199:? very difficult. Lori ,Johnson, <br />Finance Director, stated that the proposed budget shows projected <br />revenues of $2,724,550 and expenditures of $2,879,250, leaving a <br />shortfall of $154,700. <br /> <br />9.3. Debt Service Levy Chan~es <br /> <br />Lori Johnson, Finance Director, indicated that. changes are being <br />requested to the 1980 Improvement Bond, 1985 Refunding and Improvement <br />Bond, and the 1986 Improvement Bond levies. <br /> <br />COlJNCILMEMBER KROPlJENSKfi: MOVED TO INCREASE THE 1980 IMPROVEM~~NT BOND <br />LEVY BY $30,000, DECREASE THE 1985 REFUNDING AND IMPROVEMENT BOND LEVY <br />BY $35,524, AND DECREASE THE 1986 IMPROVEMENT BOND FUND LEVY BY <br />$12,598. COlJNCILMEMBER HOLMGREN SECONDED THE MOTION. THE MOTION <br />CARRIED 5-0. <br /> <br />9;4. 1992 Tax Levy <br /> <br />e <br /> <br />COUNCILMEMBER HOLMGREN MOVED TO ADOPT RF.SOLUTION 91-50, A RESOLUTION <br />AUTHORIZING THE PROPOSED TAX LEVY FOR CALENDAR YEAR 1992. <br />COUNCILMEMBER KROPUENSKE SECONDED THE M01'ION. 'l'HE MO'l'ION CARRIED 5-0. <br /> <br />9.5. 1992 EDA Tax Levv <br /> <br />COUNCILMEMBER SCHULDT MOVED TO ADOPT RESOLUTION 91-51, A RESOLUTION <br />APPROVING 'fHE 1992 TAX LEVY FOR ECONOMIC DEVELOPMENT PURPOSES FOR THE <br />ELK R.IVER ECONOMIC DEVELOPMENT AUTHORITY. COUNCILMEMBER HOLMGREN <br />SECONDED THE MOTION. THE MOTION CARRIED 5-0. <br /> <br />9.6. 1992 HRA Tax Levv <br /> <br />COUNCILMEMBER KROPUENSKE MOVED TO ADOPT RESOLUTION 91-52, A RESOLUTION <br />APPROVING THE HOUSING AND REDEVELOPMENT AUTHORITY 1992 TAX LEVY. <br />COUNCTLMF.MBER HOLMGREN SECONDED THE MOTTON. THE MOTION CARRIED 5-0. <br /> <br />9.7. Set Dat.e for Budget Puh Ii c HearinEt <br /> <br />COUNClLMEMBER OlETZ MOVED TO HOLD THE ElIDGET PUBLIC HEARING ON DECEMBER <br />16, 1991, WITH A CONTINUATION DATE, IF NECESSARY, FOR DECEMBER 18, <br />1991. COlINCIJ.MEMBER KROPUENSKE SECONDED THE MOTION. THE MOTION <br />CARRIED 5-0. <br /> <br />tit <br /> <br />9.2. Pav Re801utio~ <br /> <br />The Council discuBsed the proposed pay resolution for 1992. Lori <br />,Iohnson indIcated that the pay resolution reflects a 3.5% increase in <br />wages and an insurance cont.ribution increase of $1n.OO. CouncUmemberR <br />