CCMin_82Sep22 - Laserfiche WebLink

Home Browse Search

1. k ~? MINUTES REGULAR CITY SEPTEMBER 22, PAGE 3 COUNCIL ?t'~ETING 1982 FIRE RECEIPTS FROM LAUDERDAL DEDICATED TO CAF ITAL OUTLAY FUND 1 Clerk Administrator Barnes questioned whether the fire receipts from Lauderdale, after the costs are deducted, should be put into the capital outlay fund. Mayor V~~arkentien moved, seconded by Council- member Chestovich, that the Clerk Administrator be authorized to establish a capital outlay fund for the fire receipts from Lauderdale after the costs are deducted. Motion carried unanimously. Mayor Warkentien opened the Budget Hearing including Revenue Sharing at 8:30 P.TVI. Clerk Administrator Barnes advised that the total budget including the debt is ~730,l~28 of which the City received local government aid in tine amount of X181,972, revenue sharing funds in the amount of X21,873, miscellaneous receipts total X91,336. Therefore, the total budget levy will be certified at ~435,21~7, which includes the X21,800 for debt. The City will remain within their levy limit. The total budget increase amounts to three percent. Councilmember Chestovich requested that the budget workshop be held earlier next year to allow more time for the Co~:ncil to look the budget over. Also, the department heads and committee chairs be invited to attend these workshops. Councilmember Eggert moved, seconded by Councilmember Chestovich, that the budget be approved. Motion carried unanimously. The &adget Hearing was closed at 8:a;~ P.P~I. RESOLUTIONd 82-l~3 A RESOLUTION ADOPTING THE 1983 BUDGET FOR THE VILLAGE OF FALCON HEIGHTS Councilmember Chestovich discussed an article that appeared in the League Magazine of September, 1982, on the Shade Tree Program. The Shade Tree Program allows residents to purchase quality trees from a nursery in Chaska at discount prices. The Clerk Administrator was directed to contact the nursery for a ptice list for review. Mayor ~~iarkentien opened the Public Hearing on Development District #1 at 9:00 P.M. Neal Johnsen, Ehlers and Associates, presented information on the plan for tax increment financing. He explained the purpose of the plan that is the first step in putting together a tax increment financing project. The plan indicates the statement of public purpose and statement of objectives, which meets the requirements of the Tax Increment Financing Act--Chapter 1t72A. Attorney Swanson advised that there was a change in the development plan in that a tax increment district cannot be created now because it would be certified at the original assessed value. If it were certified before October 15 of this year, the original assessed value would be January 2, 1981. If Hewlett- Packard did not develop for four years, hardly any tax increments Vrould be received during that four year period of time. Tax increments can only be obtained for a maximum period of ten years and for a practical period of eight years. So, if Hewlett-Packard did not develop for four years, four years of tax increments would be lost. As a practical BUDGET HEARING INCLUDI~'G REVENUE SHARINd RESOLUTION 82 ~3 SHADE TRF;E PROGRAM PUBLIC HEARIlv`G ON DEVELOPMENT DISTRICT #1