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c4+ 9 204ce <br />515 Little Canada Road, Little Canada, MN 55117 -1600 <br />(612) 484 -2177 / FAX: (612) 484 4538 <br />MEMORANDUM <br />TO: Mayor Fahey & Members of the City Council <br />FROM: Joel Hanson, City Administrator <br />DATE: May 21, 1998 <br />RE: Debt Levy Reduction Committee <br />MAYOR <br />Michael I. Fahey <br />COUNCIL <br />Beverly Scalze <br />Jim LaValle <br />Steve Morelan <br />Bob Pedersen <br />ADMINISTRATOR <br />Joel R. Hanson <br />Attached is a copy of the article placed in the newsletter calling for interested people to serve on <br />the proposed Debt Levy Reduction Committee. Given the fact that we are holding an economic <br />development workshop at 6:00 p.m., I am scheduling this topic for discussion during the Council <br />meeting. The purpose of our discussion will be for the Council to consider the formation of this <br />committee, the make -up of the committee from a citizen/business owner standpoint, the size of <br />the committee, and what we would like the committee to accomplish. <br />Regarding the goals of the committee, I envision a discussion about our current levy situation <br />with explanations relative to our budgetary process. We should also discuss various needs the <br />City will face into the future such as tax levies and levy limits, capital improvement needs, <br />infrastructure repair and replacement, and additional operating expenses. We can also provide a <br />comparison of the City's 1998 tax rate with other Ramsey County jurisdictions and cities our <br />size in the metro area. We can then analyze what various levels of levy reductions will do to our <br />projected tax rate and what the tax dollar impact is to various valued properties. <br />This can be a complicated, but exciting topic for us to consider. I look forward to receiving your <br />direction as to how you would like to proceed. <br />JRH:kpv <br />Enclosure <br />Page 41 <br />