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MINUTES <br />CITY COUNCIL <br />SEPTEMBER 14, 1993 <br />workshop. LaValle suggested that additional funding <br />($1,000) be allocated under Senior Citizen line item to <br />cover a write-down of program fees for Little Canada <br />seniors. <br />Council next reviewed the Shade Tree budget which <br />appeared satisfactory, and then the Cable TV Budget <br />which is supported by franchise fees received by the <br />City. <br />The City Administrator explained the City's bonded <br />debt, pointing out that debt was restructured in 1991 <br />to even out the debt levy. That levy is between <br />$663,000 and $665,000 each year, and without the <br />restructuring would have been at over $700,000 for <br />upcoming years. The 1994 debt levy is $663,443. The <br />Administrator reported that in the year 2000 a large <br />portion of the City's debt will be retired with debt <br />completely paid off by the year 2003. However, future <br />improvement bonding coulc change that. The <br />Administrator also reported that at the September 22nd <br />meeting the Council will consider the refunding of the <br />1978 Improvement Bonds. The Administrator reported <br />that it will be his recommendation that if these bonds <br />are refunded, the savings that will be realized to the <br />City should be applied toward the City's Capital <br />Improvement Fund rather than decreasing the levy. This <br />will give the City the opportunity to build additional <br />funds in the Capital Improvement Fund, pointing out <br />that in the past the City has not set aside these <br />funds. <br />The Administrator reported that it is possible that <br />water 'revenues will be down for 1993, and the City <br />could be faced with rate increases from the St. Paul <br />Water Board and the MWCC. These factors may result in <br />rate increases for water and sewer in 1994. These two <br />areas will be monitored further and revisions made <br />before year end. <br />Hanson pointed out that the City has to certify its <br />preliminary levy to the County by September 15th, and <br />pointed out that this the proposed 1994 Budget is based <br />on 8 month figures for 1993. <br />The City Administrator reported that qiven the <br />suggestions made by Counoil Member Morelan and the <br />Council this evening, the preliminary levy amount as <br />outlined in the 1994 Budget document would increase by <br />$36,000. Based upon the following additional <br />allocations: <br />Mayor & Council Misc. $ 500 <br />Intern 10,000 <br />Economic Development 10,000 <br />Page 8 <br />