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CITY COUNCIL WORK SESSION December 3, 2012 <br />DRAFT <br /> 4 <br />members want more information. The forecast has been retooled and represents an 135 <br />increase of just over fifteen percent. Much of the forecast is tied to property values in the 136 <br />city, with only 2013 values set at this point. The county assessor has reported that values 137 <br />are firming up but still there is a contraction over the five year period of about two 138 <br />percent. H e distributed information on capi tal outlay and reviewed the five year plan for 139 <br />those funds. There was discussion about the debt financing versus paying up front for 140 <br />capital equipment purchases. He reviewed the Five -Year General Fund Plan Summary 141 <br />and i mpacts on the genera l fund and possible tax levies, as well as projected tax capacity 142 <br />rates, general fund revenues and expenditures . The council discussed possible impacts 143 <br />of emerald ash borer and staff was directed to look at what impacted cities are do ing or 144 <br />preparing to do. The mayor suggested that as council members continue to review the 145 <br />forecast on their own, they should direct their questions to Mr. Rolek. The council 146 <br />anticipates more discussion in January. 147 <br /> 148 <br />Review Regular Council Agenda – The council reviewed the council agenda; there were 149 <br />no changes. 150 <br /> 151 <br />There were no other changes to the regular Council agenda. 152 <br /> 153 <br />The meeting was adjourned at 9:20 p.m. 154 <br /> 155 <br />These minutes were considered, corrected and approved at the regular Council meeting held on 156 <br />Ja nuary 14, 2013 . 157 <br /> 158 <br /> 159 <br /> 160 <br /> 161 <br />Julianne Bartell, City Clerk Jeff Reinert , Mayor 162 <br /> 163