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1991 COUNCIL BUDGET PUBLIC HEARING NOVEMBER 29, 1990 Mr. Stoks said that he had moved from Circle Pines and was very surprised to see the increase in property taxes. He also noted that it is obvious that there are no commercial or industrial businesses to help the homeowner pay the taxes. It was noted that business may be slow in coming to Lino Lakes and that relief from increased taxes provided by businesses may be some time in the future. Mr. Stoks noted that when he decided to build in Lino Lakes he had called to find out approximately what the taxes would be. He explained that the estimate given to him was much lower than the actual taxes. He felt that the City leaders should take an interest in this matter and if accurate information cannot be obtained from the County the City should supply the information. Mayor Bisel said that this matter would be checked. Council Member Kuether said that the realtor working with the client should also be able to calculate the estimated taxes. Francis Bernier, 1430 Karth Road noted that his area has seen quite a significant increase in property values. He asked how this figures in calculating total property taxes. Mr. Bernier also noted that he has not seen an assessor and nobody has talked to him regarding his property value. Mr. Schumacher explained that as the property value increases there is the possibility that the property taxes will also go up. However, if everyone is increasing at the approximate same rate, the total City value increases which spreads the taxes over a broader base. In this case there should be little increase in taxes. Mr. Schumacher also explained that the County Assessors office was asked to re- evaluate every parcel of land in Lino Lakes. The total City valuation increased significantly. Taxes are now spread more uniformly throughout the City. Mr. Bernier asked if the total City valuation increased over $46,000,000.00, does the City still have to raise additional dollars? Mr. Schumacher explained that the City still cannot levy beyond the limit set by the State. This means that the City can only levy $114,000.00 of new taxes. However, the City must construct a new fire station and have it operation by December 31, 1991. The payment on the bonds for the new fire station will require all of that increase. Mike Lemke, 815 Orange Street asked if the Council will hold another public meeting after they review all of the comments made tonight. Mayor Bisel explained that this public hearing will be continued to Wednesday, December 12, 1990. Mr. Lemke explained that when he moved into his new home on Orange Street there were many poplar trees in the back of his house. The following year was very wet and water backed up to the area where all of these trees were. As a result they all died and nobody cared about them or replanted them. He noted that if residents are have problems with trees dying, that is life and death. PAGE 6