5. SR 10-24-1994 - Laserfiche WebLink

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. properties. We will have to respond as a City to the public that attended the 7/25 Council meeting on the SWM topic. At this point, it seems like we are moving toward a city-wide levy type of solution, but we need to determine the amount to be included in the fmal 1995 tax levy. One way to help solve the budget gap is to move some of the proposed SWM levy into the General Fund. A lower SWM levy in 1995 may be easier for the public to accept and the City can increase this levy in the future as necessary. It may be difficult from a political point of view to tell taxpayers at the Truth in Taxation meeting that the entire tax increase that they will experience is due to the SWM levy which is how the proposed increase could be interpreted. Shifting some of these monies to the General Fund to pay for City services would help the budget gap and make the SWM levy smaller, at least in 1995, and may make a SWM levy more acceptable. Also, regarding the SWM program, the City Council will be requested to adopt its developer impact fee resolution. We have been charging the developers SWM fees based on City Council discussions and a consensus that was reached in July, but we need to formalize the amount by way of adoption of a resolution. . Staff needs some decisions from the City Council in the near future on the budget gap so that we can prepare documents for the Truth in Taxation public hearing on the budget and levy that is scheduled for December 5, 1994. Another financial issue that the City Council needs to review on 10/24 includes the City contribution to the Gary Street water tower. The City is scheduled to contribute approximately $429,000 into this project. This will be a tremendous benefit to the financial status of the Water Utility Department. The Finance Director is in the process of planning for a bond sale for this water tower project and we need to finalize the financial framework of this project. The Finance Director needs action on this issue at this meeting. , . Another financial item that I need direction on from the City Council is whether or not I should be pursuing the purchase of an alternative Northbound Liquor store site. Preliminary discussions have been held with the developers of the Hillside Crossing commercial project and I need to know whether or not I should finalize market rate terms and conditions for the purchase of a 1.1 acre lot in this plat. I have received feedback from the Liquor Store Manager on his preferred sites and the need for an alternative