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'Qi'vllTf,S <br />Ci.ty Cqunci_1 <br />~`4arch £3, 1953 <br />Thc C~i.ty Cl.ertc reported tYiat Che }lo;n~stead Credi.t picl,cs up a porLi.o^ <br />of. Che City's 1~>onder.l ~indebtedness, 'Che Aud~itor repl~ied that i_t ~i.clcs <br />un 19%,. <br />'~Ir. Hanson cominented Chat tPie Ci_ty operates under a~ hc~tre bonEts <br />budget a.nd iC: State aicl i.s ci.it the C~i.ty wil.1 haroe to rn~isc taxes. <br />'Che Cl.eric comrnented that if 1oca1. oove:rmm~rit a~i.d -is dropped, the <br />C;it~ woiil.d have to ra~ise taxes by 'i mi.1.l:; to roake i.ip thc difference. <br />?~~r. ?~~1hcy as'.cecl ~ahat tl,ze ].9E33 bud4;et amount i_s. 'Che totat budqet. <br />eras over $700,000, but Cl~ie levy caas .~394~,000. <br />i1r, ~t~2hey lsked t~ow much a 5 m:i.7.'l :i.ncrease :aoul<i eY,£ect ehe propert:y <br />oGmer. .4r. Voto staCed t;1,1at i.t would depend on Lkie .as,essed val.i.ilti.on, <br />hut. it msy ef~Eect the property o*,v~~~er about `;1.40 o~i a.$100,000 ho~ne,. <br />ti?r. I~ahey as}ced _if ~inyt:hinr~ :~as beinn done w-i.th f~i.scal. d~isnar2t:ies, <br />L}~~ C1er',c repl.i.ed no. T'~hey seate.d tl~~t i_f State Ai_cl i.s cuL, t,t~e <br />State s~hoi.il.c1 1Lso be fai.r about fiscal disS~araties. <br />'Che cl.crk re~ort:ed thtit he kiad a worlcstio[~ on che ~ity's various <br />i_mprove;ments. 'Che cler'-c reporLed that the Cit9 ~nu>t borroso for <br />capat:i.l.iz~d ~interesC on tl~e -i_m~proveine.nts. The i.titer<,st for tlie <br />£~,i,rst. yeae i.s $30,000. T11e cler!c stated that if; tJ:ie Cit~/ docs not <br />assess Cl~~e ~improvements duri.n~ ].9E33, i.t. ai11 h<~ve t:o bc~rrow an <br />add~i_L,i.onal n30,000 for Che interest.. <br />Mr,. Porsbcra ~slcec~. ~i1r :iC aere poss~Lbl.e to ~>sess the i.rn~roveme;nts <br />duri.ng 19F33. The Ol.erk repli_ed that thc Lmprovements c1n be assessed <br />even :i..f: Lhey are not complete. The L;n2i.neet' aQreed. <br />~1r. Forsberg fel.t th~t the ci.ty should do it i.f. it ~~ri_11 save money. <br />i1r5. Scal.ze as{ce~ ~•il.~y the iiuprovernents cvere not~ ~~ssessed 1ast year. <br />'I'he Cterk repl.~ied that the ~~i.ty had Eanough money to cover txi~~ i.nt:erest <br />la,C year, <br />'Cli~ C1er1c recommend.ed that the Counc:il. Ch~i~nk it over and he avi.ll oe,n,i.n <br />pr.~en~rinp a pacl<age on the matter. <br />Il~e 1~,n~ineer reporCed th,at the C~.ty as,~.~sed Che 1967 sewEr project <br />cahen t.he project ~aas noc evan half. complete. <br />1+[r. l~ahey statect t:}iat if the C~it~y gets a large cui~. :i.n ].oc~l governme~nt <br />ai.cl, it wi_1l probably have to a,scss Eor i.h~ repl.ac~ment of C~ity <br />sLr~ets. hfrs. 6e~lze aslced ho~o a fa~i_r i5;essmer~t woulci be determi.ned. <br />i4r. ~'orst>eeg poi.nted oi~it thalt peoole liv4ng on ,r;ood >tre~E.CS ~~y just <br />as mac11 in taxes as Chosc l.i.vi_ng on bad streets, <br />i).1~y~~ ~ ~ <br />