10-14-2019 Council Packet - Laserfiche WebLink

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COUNCIL MINUTES DRAFT 2 reduction. Valuations on property do fluctuate and they impact property taxes also. He noted the 48 tax rate proposed this year and that it represents a decrease from previous years. That reduces the 49 percentage that will be taxed to property owners in Lino Lakes. The council has worked hard to get 50 to that reduction. He thanked staff for their participation. Mayor Reinert added that the tax rate 51 approved by the council tonight (preliminary) cannot go up but can be reduced. 52 Council Member Manthey moved to approve Resolution No. 19-121 as presented. Council Member 53 Maher seconded the motion. Motion carried on a voice vote. 54 2B) Consider Resolution No. 19-122, Setting the Date and Time for a Public Hearing for 55 the Proposed 2020 Operating Budget and 2019 Tax Levy, Collectible in 2020 – Finance 56 Director Cotton explained that the resolution sets the date and time for the required public hearing 57 on the City budget. 58 Council Member Maher moved to approve Resolution No. 19-122 as presented. Council Member 59 Stoesz seconded the motion. Motion carried on a voice vote. 60 2C) Cancelling Debt Service Tax Levy(s) – Finance Director Cotton explained that the item 61 requests council consideration of cancelling certain tax levies. The tax levy was built into certain 62 bonds but staff can report that the levy is not needed as other sources are adequate to cover debt 63 service for those issuances. 64 i) Consider Resolution No. 19-123, Canceling the 2019/2020 Debt Service Tax Levy for 65 G.O. Improvement Bond, Series 2013A 66 ii) Consider Resolution No. 19-124, Canceling the 2019/2020 Debt Service Tax Levy for 67 G.O. Capital Note, Series 2016A 68 iii) Consider Resolution No. 19-125, Canceling the 2019/2020 Debt Service Tax Levy for 69 Taxable G.O. Improvement Refunding Bonds, Series 2016B 70 Council Member Maher moved to approve Resolution No. 19-125, 126 and 127 as presented. 71 Council Member Stoesz seconded the motion. Motion carried on a voice vote. 72 2D) Consider Resolution No. 19-126, Authorizing Issuance of 2020 Certificates of 73 Indebtedness – Finance Director Cotton explained that the resolution will authorize issuance of 74 certificates that are included in the preliminarily approved 2020 budget. 75 Mayor Reinert remarked that this action is ahead of previous schedules to allow the timely purchase 76 of equipment. 77 Council Member Stoesz noted that the City loans the money to itself and he was informed that the 78 interest is dedicated to the Area and Unit Fund. 79 Council Member Maher moved to approve Resolution No. 19-126 as presented. Council Member 80 Stoesz seconded the motion. Motion carried on a voice vote. 81 82 ADMINISTRATION DEPARTMENT REPORT 83 3A) Consider Approval of Resolution No. 19-120, Elbe Street Alternative Exit Route for 84 Waldoch Farm’s Pumpkin Patch and Corn Maze Special Event Permit – City Clerk Bartell 85 reported that the special event permit for Waldoch Farms event has already been approved by the 86 council except for the request to utilize Elbe Street as an alternative exit. Staff notified Elbe Street 87