09-11-2002 Council Minutes - Laserfiche WebLink

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MINUTES CITY COUNCIL SEPTEMBER 11, 2002 the owners are asking a very high price on the back piece of property. If only that portion of the land is acquired, the front piece with the building would still be left under control of someone else. The Administrator suggested that the City should look at the bigger picture now. The Administrator also reported that Sherman has indicated that if the price is acceptable, he would reimburse the City. The Administrator suggested that the City proceed with the appraisal, and once that amount is known, a decision can be made as to whether or not to proceed with acquisition. The Administrator noted that the Ultimate Golf property is for sale at this time, and the asking price is $1.1 to $1.2 million. Fahey felt that the property should be acquired for a fair price, and he was prepared to move forward on that issue. Anderson also felt that the City needed to be aggressive with Sherman on recouping costs. The City Administrator noted that in recouping costs, the City will also consider the impact on the TIF District. Mrs. Scalze introduced the following resolution and moved its adoption: RESOI. UTION NO. 2002-9-206 - ORDERING AN APPRALS~AI OF THE ULTIMATE GOLF PROPERTYA.S RECOMMENDED RY THE CITYADMINISTRATOR The foregoing resolution was duly seconded by LaValle. Ayes (5) Scalze, LaValle, Montour, Fahey, Anderson. Nays (0). Resolution declared adopted. 2003 The Council noted that a workshop was held prior to the regular Council PRELIMINARY meeting to review the preliminary 2003 Budget. At that workshop, the BUDGET City Administrator recommended a preliminary gross levy increase of 4% which results in a preliminary net levy increase of 3.02%. Anderson suggested that the Council adjust those amounts upward for the event of the Governor unallocates local government aid dollars. Fahey felt that at this point the City should assume it will get the local government aid that has been allocated to Little Canada. In the event of the loss of these dollars, the City can cover that loss with reserves. The City would then have to levy more dollars in the next year to make up for this loss. Anderson pointed out that once the preliminary levy amount is set, the City cannot levy any higher. The City Administrator agreed there was a risk that the City would lose its LGA. However, he pointed out that the City has I year of LGA dollars set aside in reserves. Therefore, the City