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<br /> <br /> <br />City Council Minutes <br />September 16, 2024 <br />--------- <br />Page 8 of 13 <br /> <br />8. GENERAL BUSINESS <br /> <br /> <br /> 8.1 Set Budget Meeting Date and Adopt Resolution 24-55 Preliminary 2025 Tax Levy <br /> The staff report was presented. <br /> <br />Mayor Dietz stated he is disappointed the increase in the net capacity is only 1.7 % and is not happy that <br />the levy is increasing more than it did last year. He suggested taking $100,000 out of the liquor store <br />fund as he calculated the levy would be 6.7% and explained that the Council wanted the General Fund to <br />be less than 4%. Mr. Stremcha confirmed it would be 6.8% or a 0.6% reduction. <br /> <br />Mr. Portner stated that it is still a work in progress. There will be some staff changes, and we have not <br />received the fuel contract rates, which may change the numbers. <br /> <br />Mayor Dietz asked if the reason the net capacity had such a small increase was due to so little building <br />this year or because the property values didn't increase that much. Mr. Stremcha explained the county <br />did have a number of changes including water valuations. He also stated it is anticipated in future years <br />the tax capacity will increase due to more developments and stated there will be continued growth just <br />not in this round. <br /> <br />The Council agreed to add $100,000 from the Liquor Fund. <br /> <br />The Council agreed that it is important that we show we want it less than last year. <br /> <br />Moved by Councilmember Beyer and seconded by Councilmember Grupa to set the <br />budget meeting for 6:30 p.m., December 2, 2024, when public comment will be taken. <br />Motion Carried 4-0. <br /> <br />Moved by Councilmember Wagner and seconded by Councilmember Beyer to adopt <br />Resolution 24-55 authorizing the preliminary property tax levy as amended for collection <br />in 2025. Motion Carried 4-0. <br /> <br /> 8.2 EDA Resolution 24-56 and HRA Resolution 24-57 - 2025 Budget and Tax Levy <br /> The staff report was presented. <br /> <br />Moved by Councilmember Grupa and seconded by Councilmember Wagner to adopt <br />Resolution 24-56 establishing the EDA tax levy of $427,000 for collection in 2025. Motion <br />Carried 4-0. <br /> <br />Moved by Councilmember Wagner and seconded by Councilmember Beyer to adopt <br />Resolution 24-57 establishing the HRA tax levy of $439,950 for collection in 2025. Motion <br />Carried 4-0. <br /> <br /> 8.3 Minnesota Retailers Award Ceremony <br /> Councilmember Wagner announced that the Downtown Elk River Business Association has been named <br />Page 10 of 139