09-09-1996 CC MIN - SPECIAL - Laserfiche WebLink

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Special City Council Meeting September 9, 1996 Page 6 wage adjustments and new employees. The list of options for budget adjustments in order to eliminate the current $75,400 gap was reviewed. Debate took place regarding the need to adjust the budget by up to another $87,700 in order to achieve a city tax rate increase of less than 3 percent. The Council indicated a consensus that the city should set the tax levy at the amount proposed on 8/26/96 with the understanding that it cou!d be reduced in December if a smaller tax rate increase is deemed appropriate. The Mayor reviewed his concerns regarding economic development and the need to establish a city development fund to help in the industrial economic development area. The Council requested another budget worksession to be set up for November 24, 1996, prior to the Truth in Taxation public hearings on the budget. It is anticipated that the $75,400 in budget adjustments would be made at that time and discussion would take place regarding any potential city tax rate change. The 1997 HRA tax levy resolution, the 1997 EDA tax levy resolution, and the debt service levy adjustments were distributed to the City Council. COUNCILMEMBER FARBER MOVED TO CALL A CITY TRUTH IN TAXATION PUBLIC HEARING FOR REVIEW OF THE PROPOSED 1997 TAX LEVY AND BUDGET FOR DECEMBER 2, 1996, WITH A CONTINUATION DATE OF DECEMBER 16, 1996. COUNCILMEMBER HOLMGREN SECONDED THE MOTION. THE MOTION CARRIED 5-0. COUNCILMEMBER HOLMGREN MOVED TO ADOPT RESOLUTION 96-80, ARESOLUTtON APPROVING THE 1997 TAX LEVY FOR ECONOMIC DEVELOPMENT PURPOSES FOR THE ELK RIVER ECONOMIC DEVELOPMENT AUTHORITY. COUNCILMEMBER $CHEEL SECONDED THE MOTION. THE MOTION CARRIED 5-0. COUNCILMEMBER HOLMGREN MOVED TO ADOPT RESOLUTION 96-79, A RESOLUTION APPROVING THE HOUSING AND REDEVELOPMENT AUTHORITY 1977 TAX LEVY. COUNCILMEMBER FARBER SECONDED THE MOTION. THE MOTION CARRIED 5-0. COUNCILMEMBER FARBER MOVED TO ADJUST THE DEBT LEVIES AS RECOMMENDED BY ASSISTANT CITY ADMINISTRATOR LORI JOHNSON. COUNCILMEMBER DIETZ SECONDED THE MOTION. THE MOTION CARRIED 5-0. COUNCILMEMBER HOLMGREN MOVED TO ADOPT RESOLUTION 96-81, A RESOLUTION AUTHORIZING THE PROPOSED MAXIMUM TAX LEVY FOR CALENDAR YEAR 1997. COUNCILMEMBER SCHEEL SECONDED THE MOTION. THE MOTION CARRIED 5-0. The City Administrator reviewed some of the capital improvement program activities that have been moving forward in 1996. The administrator reviewed the need for the city to identify its source of funds for the contribution to the ice arena project, Jhe need to identify the source of funds for ti~e city's contribution to the construction of the youth recreation fields on the Cass property, and the finances of the liquor store as it relates to the pending needs for a new Northbound store and a Westbound site. After discussion on these issues, the Council requested that these items be brought back for further review on November 24, 1996. The administrator noted that he would also be planning to discuss the city fee schedule at that meeting as directed by the City Council last year. Finally, the administrator noted that it may be appropriate to discuss the surface water management program prior to this November 24 meeting in order