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COUNCIL MINUTES SEPTEMBER 9, 2002 • OPEN MIKE No one was present for open mike. FINANCE DEPARTMENT REPORT, AL ROLEK • Consideration of Resolution No. 02-104, Adopting Proposed Budget, Al Rolek, City Finance Director Rolek advised Minnesota State Statute requires the City of Lino Lakes to adopt and certify a proposed 2003 operating budget on or before September 15th of each year. The 2003 budget is proposed with a 4.04 percent increase over the 2002 budget. The City experienced a market value growth of 16.59 percent in tax base over the same period. The department budgets within the proposed budget will be further reviewed by the City Council and staff between September 9th and December 9th for changes, if needed. City Finance Director Rolek advised City staff recommends the adoption of Resolution No. 02-104, Adopting the Proposed 2003 Operating Budget for the City of Lino Lakes. Councilmember Reinert moved to adopt Resolution No. 02-104, Adopting the Proposed 2003 Operating Budget. Councilmember O'Donnell seconded the motion. Councilmember Carlson noted a request had been made to begin recording the history of the elderly residents in Lino Lakes, however, the cost of this project has not been included in the proposed 2003 operating budget. She hoped that this could be funded from the contigency fund. Councilmember Carlson noted the City's Comprehensive Plan has a goal of limiting new construction to 147 new homes per year. She indicated the proposed 2003 budget was based on a total of 200 new homes being constructed. Mayor Bergeson noted the above motion would set the total amount for the 2003 budget, however, there was still an opportunity for adjustments to be made to the budget between now and December 9, 2002. Mayor Bergeson assumed the effort of recording the history of Lino Lakes elderly residents would be a minor cost. City Finance Director Rolek noted the proposed budget was a "no -growth" budget for 2003. Motion carried unanimously. Resolution No. 02-104 can be found in the City Clerk's office. Consideration of Resolution No. 02-105, Adopting Preliminary Levy, Al Rolek, City Finance Director Rolek advised Minnesota State Statute requires the City of Lino Lakes to adopt and certify a preliminary tax levy for the coming year on or before September 15th of each year. City Finance Director Rolek indicated Minnesota cities over 2,500 in population are subject to levy • limits. The levy limits set for 2002 area very tight, with an inflation factor of only 0.76 percent, plus adjustments for growth in households and 50 percent growth in new commercial/industrial values. 2