07-22-2015 Council Minutes - Laserfiche WebLink

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MINUTES CITY COUNCIL JULY 22, 2015 property tax levy. Hoffman then reviewed a Tax Rate Comparison pointing out that Little Canada is at about 30% compared to just under 50% for the Statewide average and about 37% for Metro cities in the population range of 5,000 to 9,999. Other items of note reviewed by Knopik related to Governmental Accounting Standards Board (GASB) No. 68 effective 2015 requiring government entities to report a net pension liability for their allocation of state -administered pension plans, the GASB No. 72 effective 2016 related to fair value measurement and disclosures, and GASB Nos. 74 and 75 effective in 2017 and 2018 related to modifications to OPEB standards. Knopik again pointed out that the 2014 Audit provided the City with a clean opinion and he reported that the City is financially stable. Keis thanked the Auditors for their work as well as City staff for their assistance in this process. It was noted that the full audit report will be available on the City's web site. Montour introduced the following resolution and moved its adoption: RESOLUTION NO. 2015-7-143 — ACCEPTING THE 2014 AUDIT REPORT AS SUBMITTED BY CLIFTONLARSONALLEN, THE CITY'S AUDITORS The foregoing resolution was duly seconded by McGraw. Ayes (5). Nays (0). Resolution declared adopted. DUPLEX The City Administrator reported that the next item on the agenda is LAPSE OF the Roger Berres appeal relative to the lapse of duplex use for USE APPEAL — property located at 2955/2957 Arcade Street. The Administrator ROGER recommended that the Council act as the Board of Adjustments & BERRES Appeals in considering this matter. McGraw introduced the following resolution and moved its adoption: RESOLUTION NO. 2015-7-144 — TEMPORARILY ADJOURNING AS THE CITY COUNCIL AND CONVENING AS THE BOARD OF ADJUSTMENTS AND APPEALS The foregoing resolution was duly seconded by Keis. Ayes (5). Nays (0). Resolution declared adopted. 6