09-30-93 Council Minutes - Laserfiche WebLink

Home Browse Search

MINUTES CITY COUNCIL SEPTEMBER 30, 1993 The Administrator replied that this was for repayment of costs associated with construction of the City Center related to Cable TV. LaValle pointed out the overrun in salary costs anticipated for 1993. The City Administrator reported that salary costs include Bill Bruce's salary as well as others who have covered meetings in Bruce's absence. The Administrator reported that there is currently a lot of discussion on what will happen with franchise fees, and the City will continue to monitor this situation. The Administrator pointed out that at its last meeting, the Council called for the refunding of two bond issues. There is an anticipated cost savings of $75,000 per year which will result from the refunding. The Council has two options for use of this money, one would be to buy-down the debt levy, and the other would be to use the funds for capital improvement items. Morelan felt it would be nice to reduce the levy, but felt that might be short-sited on the part of the Council. LaValle pointed out that there are still areas in this proposed budget document which could be cut, and the Council's has only just begun its review of the document. Scalze pointed out the City's #1 tax rating, and felt that the Council needed to show a real effort in cutting the budget. Hanson pointed out the effect on the School District as a result of the devaluation of the Rosedale Mall, and Scalze asked the effect on the City's receipts when Little Canada property owners appeal their taxes. The City Administrator replied that there have been situations where property owners have appealed their taxes in Little Canada and won, but was not sure of the exact effect on City receipts. The Administrator suggested that he try to obtain additional information on this. Pedersen pointed out that the City's share of the tax dollar collected in Little Canada is only 15%, therefore, the effect of a decrease in property taxes Page 23