12/04/1997 Council Minutes - Laserfiche WebLink

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• • • TRUTH IN TAXATION HEARING DECEMBER 4, 1997 CITY OF LINO LAKES MINUTES DATE December 4, 1997 TIME STARTED 6:13 p.m. TIME ENDED 6:47 p.m. MEMBERS PRESENT Council Members Bergeson, Kuether, Neal and Mayor Landers MEMBERS ABSENT •Council Member Lyden Staff members present: City Administrator, Randy Schumacher; Finance Director, Mary Vaske and Clerk -Treasurer Marilyn Anderson. The purpose of the special meeting was to conduct the Truth in Taxation hearing. Mayor Landers welcomed the audience to the meeting and outline edure for this public hearing. Mr. Schumacher explained that this public hearing is req e S Taw and provided background information about this specific type of Ms. Vaske presented the proposed 1998 Gene •udget. She explained what tax capacity means and used a graph to sh • lars collected from property taxes are used. Ms. Vaske also presentee'"': o where tax dollars were spent in the previous nine (9) years. Ms. Vaske presented a • ' •e 1998 projected revenues and a summary of the 1998 projected ex Mr. John Houle, M n Lee and Mr. Charles Geisler were present in the audience. Mr. Geisler, a reside of the Clearwater Creek development asked what the Environmental Committee tasks are. He was told that their first project will be to complete an environmental inventory for the entire City. Other duties will include reviewing development proposals as they pertain to the impact on the environment. Mr. Geisler, another resident in the Clearwater Creek development, asked if there is a forecast of street reconstruction or maintenance. He was particularly interested in knowing when the Clearwater Creek streets and trails will be completed. Mr. Schumacher explained the process. Mr. Geisler asked if it is illegal for the City to make interfund loans. Ms. Vaske explained that it is legal and the City saves a great deal of money by borrowing from its own funds. PAGE 1