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MINUTES OF THE WORKSHOP MEETING <br />CITY COUNCIL <br />LITTLE CANADA, MINNESOTA <br />NOVEMBER 12, 1997 <br />Pursuant to due call and notice thereof a workshop meetin~ of the City <br />Council of Little Canada, Minnesota was held on the 12`~' day of <br />November, 1997 in the Council Chambers of the City Center located at <br />515 Little Canada Road in said City. <br />Mayor Michael I. Fahey called the meeting to order at 6:00 P.M, and the <br />following members of the City Council were present at roll call: <br />CITY COLINCIL <br />Mayor <br />Council Member <br />Council Member <br />Council Member <br />Council Member <br />Mr. Michael I. Fahey <br />Mr. Steve Morelan <br />Mr. Jim LaValle <br />Mr. Bob Pedersen <br />Mrs . Beverly Scalze <br />ALSO PRESENT: City Administrator Mr. Joel R. Hanson <br />Parks & Rec Dir. Mr. Jim Morelan <br />Public Works Dir. Mr. Scott Tangen <br />Fire Chief Mr. Dick Boss <br />Cable TV Producer Mr. Greg Schroeder <br />Deputy Clerk Mrs . Kathy Glanzer <br />1998 BUDGET The City Council continued its review of the proposed 1998 Budget from <br />the Budget Workshop that was held on October 8°i. <br />The City Administrator began by reviewin~ his memo dated November 7`~' <br />that detailed changes made to General Fund expenditures/revenues. These <br />changes result in a reduction of $9,777 to the 1998 Budget and result in a <br />reduction in the net levy increase to 26%. The Administrator pointed out <br />that in order to achieve a 0% net levy, the City would need to increase <br />revenues and reduce expenses by an additional $3,100. The Administrator <br />reported that other options may exist such as a reduction in insurance <br />renewal rates. These changes will be made as they become known. The <br />Administrator pointed out that another option would be to buy down the <br />levy with funds from the infrastructure replacement account. The <br />Administrator also pointed out that any reduction in the 1998 levy as a <br />result of a buy-down, would need to be carried forward in 1999 and then <br />deducted from the available levy reduction in 2000 and forward. <br />Morelan felt the buy down option was making use of future tax levies. <br />Morelan felt that option might make sense if the City was faced with an <br />