11/22/1993 Council Minutes (2) - Laserfiche WebLink

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3t2 COUNCIL MEETING NOVEMBER 22, 1993 the benefitting property objects to the assessment. There is some potential that the courts may side with the landowner and allow a reduced assessment. Mr. Hawkins said that General Fund dollars cannot be used to fund any improvement project. However, MSA funds or some other City fund established for such a problem can be used. Council Member Bergeson asked that the staff outline specifically where the additional funding would come from in the event that the project cannot be fully assessed. Mr. Schumacher noted that there are Tax Increment Financing funds available as well as MSA funds. He explained that there are dollars available to fully fund the project if necessary. Council Member Elliott noted that this is not the first time assessments have been contested and staff has always prepared a contingency funding method. Mayor Reinert felt that if the City Council is committed to the improvement project, the City Council must move forward at this time. He noted that there will be a tax benefit and the safety aspect is of great concern. Council Member Neal moved to adopt Resolution No. 91 - 93 Ordering Plans and Specifications for the Lake Drive (County Road #23) and Highway #49 Intersection improvement. Council Member Bergeson seconded the motion. Motion carried unanimously. Council Member Bergeson asked that Mr. Schumacher prepare a report outlining the potential funding for this improvement in the event that assessments fall short of the amount required to complete the improvement. Resolution No. 91 - 93 can be found at the end of these minutes. ATTORNEY'S REPORT Mr. Hawkins did not have a report. OLD BUSINESS There was no old business. NEW BUSINESS Resolution No. 90 - 93 Amending the 1993 General Fund Budget - Mr. Schumacher explained that the auditors have recommended that the General Fund budget be amend to reflect the figures that are closer to the actual amounts. He noted that questions may be raised at the Truth in Taxation hearing regarding comparing certain figures to the proposed 1994 General Fund Budget therefore, it would be most appropriate to have the 1993 General PAGE 10 1 1 1