Laserfiche WebLink
MINUTES OF THE SPECIAL MEETING <br />CITY COUNCIL <br />LITTLE CANADA, MINNESOTA <br />DECEMBER 5, 2005 <br />Pursuant to due call and notice thereof a special meeting of the City <br />Council of Little Canada, Minnesota was convened on the 5th day of <br />December, 2005 in the Council Chambers of the City Center located at <br />515 Little Canada Road in said City. <br />Mayor Bill Blesener called the meeting to order at 7:30 p.m. and the <br />following members of the City Council were present at roll call: <br />CITY COUNCIL: <br />Mayor <br />Council Member <br />Council Member <br />Council Member <br />Mr. Bill Blesener <br />Mr. Jim LaValle <br />Mr. Rick Montour <br />Mr. John Keis <br />ABSENT: <br />ALSO PRESENT: <br />Council Member <br />City Administrator <br />Finance Director <br />Cable TV Producer <br />Ms. Barbara Allan <br />Mr. Joel R. Hanson <br />Ms. Shelly Rueckert <br />Mr. Brandon Rickert <br />TRUTH Mayor Blesener opened the City's Truth In Taxation Hearing for <br />IN presentation of the proposed 2006 Budget. <br />TAXATION <br />HEARING On behalf of the Mayor and City Council, the Finance Director welcomed <br />those present and the viewing public to the City's Truth In Taxation <br />Hearing for the proposed 2006 Budget. She indicated that the purpose of <br />this hearing is to provide information regarding the City's impact on the <br />2006 property tax bill. <br />The Finance Director began her presentation by reviewing the various <br />agencies that determine property tax levels for Little Canada. These <br />include the State Legislature, Ramsey County, the City, and other taxing <br />jurisdictions as well as the County Assessor in determining market values <br />and property class rates. <br />With regard to market values, the Finance Director noted that the original <br />Limited Market Value program sheltered homeowners and cabin owners <br />from the rapid escalation of property values. However, by 2001, the effect <br />of the program created a sizable shift in tax burden away from these <br />properties to commercial properties. The Legislature's solution was to <br />phase out the limited market value and reverse the tax shift back to <br />residential and vacation properties. This resulted in significant increases <br />in the values of these properties. Given that valuation increases for 2006 <br />