09-30-93 Council Minutes - Laserfiche WebLink

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MINUTES OF THE WORKSHOP MEETING CITY COUNCIL LITTLE CANADA, MINNESOTA 30, 1993 Pursuant to due call and notice thereof a workshop meeting of the Council of the City of Little Canada, Minnesota was held on the 30th day of September, 1993 in the Council Chambers of the City Center located at 515 Little Canada Road in said City. Mayor Raymond Hanson chaired and called the meeting to order at 7:00 P.M. and the following members of the Council were present at roll call: MEMBERS PRESENT: Mayor Council Member Council Member Council Member Council Member Mr. Raymond Hanson Mr. Jim LaValle Mr. Steve Morelan Mr. Bob Pedersen Mrs. Bev Scalze ALSO PRESENT: City Admin. Cable TV Prod Mr. Joel Hanson Mr. Bill Bruce 1994 The City Administrator presented the proposed 1994 BUDGET Budget, noting that a 5.23o increase in the net levy is proposed. The Administrator began with a review of the revenue portion of the budget. It was noted that at the September 8th meeting a question came up regarding how the Mobile Home Credit is calculated, and the Administrator reported that he is working with the County on clarifying that calculation. Scalze asked about the excess Tax Increment Financing revenue noted on page 5 of the Budget document, and asked if those funds could be used for economic development. Scalze noted that the Rice Street redevelopment project currently under discussion may be a good place to use these funds, and noted that the project is in an TIF District. The City Administrator replied that such a use is an option, but it was not the intent of the Council to use excess TIF funds for redevelopment projects when the matter was first discussed. The excess TIF funds are generated because of increases in the tax capacity rate, and, in theory are just general tax dollars. Page 1