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MINUTES OF THE WORKSHOP MEETING <br />CITY COUNCIL <br />LITTLE CANADA, MINNESOTA <br />DECEMBER 2, 1999 <br />Pursuant to due call and notice thereof a workshop meeting of the City <br />Council of Little Canada, Minnesota was held on the 2"`~ day of December, <br />1999 in the Council Chambers of the City Center located at 515 Little <br />Canada Road in said City. <br />Mayor Michael I. Fahey called the meeting to order at 7:00 p.m. and the <br />following members of the City Council were present at roll call: <br />CITY COiJNCIL: Mayor Mr. Michael I. Fahey <br />Council Member Mr. Jim LaValle <br />Council Member Mr. Steve Morelan <br />Council Member Mr. Bob Pedersen <br />Council Member Mrs . Beverly Scalze <br />ALSO PRESENT: City Administrator Mr. Joel R. Hanson <br /> Accountant Ms. Julie Manvil(e-Camp <br /> Cable TV Prod. Mr. Jamie Green <br /> Citizen-At-Large Ms. Barbara Lenz <br /> Deputy Clerk Mrs. Kathy Glanzer <br />TRUTFI IN The Accountant welcomed the viewing audience and those present to <br />TAXATION the City's Truth In Taxation Hearing for the 2000 proposed budget and <br />HEARING tax levy. She began by reviewing the debt levy reduction that will occur <br />AND in the year 2000. Currently, the City levies $637,000 each year in <br />2000 BUDGET property taxes to cover bonded debt payments. This amount will decrease <br />REVIEW by $256,400 in 2000 and the remaining $380,600 will be eliminated in <br /> 2003. During 1999 the City formed a Debt Levy Reduction Committee to <br /> help plan for this reduction. This Committee was comprised of City <br /> residents, business owners, and staff. The Committee met throughout the <br /> year reviewing the governmental taxation process, analyzing the City's <br /> long-term financial needs, and discussing alternatives available for the use <br /> of the debt levy reduction funds. <br />Based on this process, the Committee established three priorities for the <br />City's financial well being. These priorities are tax stabilization, tax <br />reduction, and capital improvement needs. The Committee then <br />determined the percentage of available dollars that should be allocated to <br />each priority area. For the year 2000, 35% of the available $256,400 was <br />allocated to tax stabilization, 40% to tax reduction, and 25% to capital <br />