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Special City Council Meeting <br />September 9, 1996 <br /> <br />Page 6 <br /> <br />wage adjustments and new employees. The list of options for budget <br />adjustments in order to eliminate the current $75,400 gap was reviewed. Debate <br />took place regarding the need to adjust the budget by up to another $87,700 in <br />order to achieve a city tax rate increase of less than 3 percent. The Council <br />indicated a consensus that the city should set the tax levy at the amount <br />proposed on 8/26/96 with the understanding that it could be reduced in <br />December if a smaller tax rate increase is deemed appropriate. The Mayor <br />reviewed his concerns regarding economic development and the need to <br />establish a city development fund to help in the industrial economic <br />development area. The Council requested another budget worksession to be set <br />up for November 24, 1996, prior to the Truth in Taxation public hearings on the <br />budget. It is anticipated that the $75,400 in budget adjustments would be made <br />at that time and discussion would take place regarding any potential city tax <br />rate change. <br /> <br />The 1997 HRA tax levy resolution, the 1997 EDA tax levy resolution, and the debt <br />service levy adjustments were distributed to the City Council. <br /> <br />COUNCILMEMBER FARBER MOVED TO CALL A CITY TRUTH IN TAXATION PUBLIC <br />HEARING FOR REVIEW OF THE PROPOSED 1997 TAX LEVY AND BUDGET FOR <br />-DECEMBER 2, 1996, WITH A CONTINUATION DATE OF DECEMSER 16, 1996. <br />COUNClLMEMBER HOLMGREN SECONDED THE MOTION. THE MOTION CARRIED 5-0. <br /> <br />COUNCILMEMBER HOLMGREN MOVED:TO~/~DOPT RESOLUTION ~6,80; A~RESOLUTION-.~ '~ <br />APPROVING THE 1997TAX:LEVY FOR ECONOMiC-DEVELOPMENT ?URPOSES'FOR TEtE . . <br />ELK. RIVER ECONOMIC-DEVELOPMENT AUTHORITY~ COUNCILMEMr~ER SCHEEL 7': <br />SECONDED THE MOTION. TttE MOTION CARRIED 5:0.. <br /> <br />COUNClLMEMBER HOLMGREN MOVED TO ADOPT RESOLUTION 96-79, A RESOLUTION <br />APPROVING THE HOUSING AND REDEVELOPMENT AUTHORITY 1997 TAX LEVY. <br />COUNCILMEMBER FARBER SECONDED THE MOTION. THE MOTION CARRIED 5~0. <br /> <br />COUNCILMEMBER FARBER MOVED TO ADJUST THE DEBT LEVIES AS RECOMMENDED <br />BY ASSISTANT CITY ADMINISTF, ATOR LORI JOHNSON. COUNCILMEMBER DIETZ <br />SECONDED THE MOTION. THE MOTION CARRIED 5-0. <br /> <br />COUNClLMEMBER HOLMGREN MOVED TO ADOPT RESOLUTION 96-81, A RESOLUTION <br />AUTHORIZING THE PROPOSED MAXIMUM TAX LEVY FOR CALENDAR YEAR 1997. <br />COUNCILMEMBER SCHEEL SECONDED THE MOTION. THE MOTION CARRIEr) 5-0. <br /> <br />The City Administrator reviewed some of the capital improvement program <br />activities that have been moving forward in 1996. The administrator reviewed the <br />need for the city to identify its source of funds for the contribution to the ice <br />arena project, the need to identify the source of funds for lhe city's contribution <br />to the construction of the youth recreation fields on the Cass property, and the <br />finances of the liquor store as it relates to the pending needs for amew <br />Northbound store and a Westbound site. After discussion on these issues, the <br />Council requested that these items be brought back for further review on <br />November 24, 1996. The administrator noted that he would also be planning to <br />discuss'the city fee schedule at that meeting as directed by the City Council last <br />year. Finally, the administrator noted that it may be appropriate to discuss the <br />surface water management program prior to this November 24 meeting in order <br /> <br /> <br />