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MINUTES <br />CITY COUNCIL <br />DECEMBER 9, 1992 <br />The City Administrator was not sure, but did know that <br />the impact would not begin with 1993 property taxes. <br />The City Administrator noted the City's #1 tax rate on <br />the hypothetical $90,000 home in the Metro area as <br />identified by the Citizen's League survey. The <br />Administrator reported that it is likely that the City <br />will retain the #1 distinction for a while even though <br />the Council has made great efforts to hold the line on <br />levy increases since the City only accounts for <br />approximately 15% of property tax dollars. The <br />Administrator pointed out that the Council has been <br />very accountable during the budget process, and staff <br />is constantly analyzing expenditures. <br />There was no one from the general public present who <br />wished to comment on the 1993 Budget proposal. <br />Upon motion by Blesener, seconded by Scalze, the public <br />hearing was closed. <br />Mr. Blesener introduced the following resolution and <br />moved its adoption: <br />RESOLUTION NO. 92-12-441 - ADOPTING THE 1993 BUDGET OF <br />$1,827~708 AS WELL AS 1992 BUDGET REVISIONS AS <br />RECOMMENDED BY THE CITY ADMINISTRATOR <br />The foregoing resolution was duly seconded by LaValle. <br />Ayes (5) Blesener, LaValle, Aanson, Scalze, Collova. <br />Nays (0). Resolution declared adopted. <br />Mr. Blesener introduced the following resolution and <br />moved its adoption: <br />RESOLUTION NO. 92-12-442 - APPROVING THE 1993 BONDED <br />INDEBTEDNESS TAX LEVY REDUCTIONS AS RECOMMENDED BY THE <br />CITY ADMINISTRATOR <br />The foregoing resolution was duly seconded by LaValle. <br />Ayes (5) Blesener, LaValle, Hanson, Scalze, Collova. <br />Nays (0). Resolution declared adopted. <br />Mrs. Scalze introduced the followinq resolution and <br />moved its adoption: <br />RESOLUTION N0. 92-12-443 - APPROVING AND CERTIFYING THE <br />1993 GENERAL FUND TAX LEVY OF $1,163,166 AND BOND <br />INDEBTEDNESS TAX LEVY OF $664,542 FOR A TOTAL LEVY OF <br />$1,827,708 AS RECOMMENDED BY THE CITY ADMINISTRATOR <br />The foregoing resolution was duly seconded by Collova. <br />Ayes (5) Scalze, Collova, Hanson, Blesener, LaValle. <br />Nays (0). Resolution declared adopted. <br />Page 5 <br />