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h1INU'C1i9 <br />C-U;9 Cqurtc~i_l. <br />^!arcla 3, 19~3 <br />Pa~e 30 0[ Che reF~ort show, a,cl'icdule and ~ctualtax ].cvi.es co1.l.ecCi.b7.e, <br />On ~n overall b~si.s there is a projc~cted f~i.~;ure of -r"l650,000. <br />]?3~,e 32 sPiows t„he rema~i.ning schedu1.ed tzix 1evi.es the Ci.ty has unti.l <br />1997 wh-ich is the fi.nat. one that the C~ity h~.s. 7.'h~rF wi.11 be an <br />i.ncrease in these levies for four years beca~ise of the Pi.ee equipment <br />cerCificeites and tl~err ~af.].1 be a decrr.asc e:i'zter that. <br />Also on pac;e 32 i.s the .irinu~il. commi.Cnient of pronerty Gaxes [or. bond indeb- <br />tedoess. Mr. Noto f.c1C Y:hat the City wi.l.l. be sble to clncel some of: <br />these i.n lal:er years. <br />Page 33 shows the reason~n; for tlie hi.;h propcarCy tax ~I.evi_es and <br />the cem~ini.n~; scheduled tax 1ev:i.es. ?4r. ~Ioto rFported that che Ci.ty <br />opte<1 sub~tanr_~a1.1y t:o finance Che water to~aer and r.eJat.ed £ac~.i.liti.es <br />w:i_th property t:axes. Othcr cit:i.es hmve more of an assessment pol~icy. <br />!4c. Vot_o stated Yl~~it you see in:i.l.l rztc;s comG~2red 1>etcaeen citi.e.s, biit <br />not assessmenc r.ates. If so, I~~i.ttle C~nada wou7.d compare favor~bly. <br />1~1r. Chl.ebeclc lsked ~.i.E ~i.t:~aere possi.bl.e to obCal.n th~i.s i.n~Formati_on. <br />Mr. Voto repliecl t~~t: i_C ~vas~not readi.ly availabl.e. <br />^~Irs. Scal.ze reporCed that the Ci_ty 9.n the future w~i11 have to be <br />replle~iri;; sorne Ci.t:y street. Mr.. Scal.ze asiced i~t~r. Voto i( h~~ had <br />anry advi.ce on what type of noli.cy Che City ,I~~oul.d adopt in th~i_s rcf;ard. <br />>~ir, Voto re~~liecl t;~at i.n the replacc o[ C~i_ty ,ystems the C~i.ty could <br />ase user rates f`or f:inanci.n; of, re}~1.ac~ment. Elowever, most ci.ti.es <br />do ^oC do t:his. If the City does not:. opc to fol1.ow that poli.cy, <br />the Ci.Cy aouJ.d have Co ~assess a porti_on oL' t:he cost and that wou:ld <br />be a poli.cy clecisi.on. <br />z'^rs. 6cal.zc replied that the City ci.irrent:ly has an RO-20 assessinenC <br />policy but h~is been consi_der~i.ng chai~hi.n, this. ~lr. Voto aage,i:ed <br />that for replace;nent, the Ci.Cy coia].d go to somsthinn li.1ce a 50-.50 <br />assessment pol.i.cy. P4r. Voto as)<ed if ther.e tiaould be iati_7.ity r.eplacement <br />along with tl~ie st.reeC reo].acem~n~. 'I'he L;n,~-ineer repliecl that the City's <br />uti.7.i.t:i.es are fa:i.rl.q new. <br />Mr. ~Ioto statcd that the C,:ity could set asi.de morley up front mncl us~ <br />i.t i_n the future to replace systems or el,e use the bondin~; route, <br />that is, s~>eci.ail assessment bonds and p,enera7. taxes. <br />Mrs. Scal.ze si.ig~;ested that the C~iry de~terin:i.ne cahat other c:ities are <br />do i n~;. <br />'Che En~;~i.neer repl.iecl tP~at Saulc Rapi_ds ha; set money aside for ~ear.s <br />au~. recenCly replxced a w~ter.~ Cowcr cai.th these £unds. Saulc Cen[er <br />Hias a W<1f.:er and Li_s;ht Comirii.sslon c}iat has ~ substanti~l amount o,E <br />money se[ asicle. ^~.(c. 9oto c•F~po~rted that e'Lectri.c,ity -is a real inone~ <br />malctin;; ,ystem. <br />P~i;;e -3- <br />