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8. Attached for your information is an article from the Minneapolis paper dated 3-21-85 relating to municipal tax rates. Our city tax rate is listed as 14.451 which has a ranking of 29 lowest out of 85 listed. This comparison also shows our assessed valuation which is used as a tax base of approximately $32.5 million. This 14.451 mil rate for 1985 compares to 15.280 for 1984. When the budget was adopted in September, 1984 we knew the mil rate was going to be lowered, but it was impossible to forcast "how much" reduction would be achieved. The same will be true around budget time in 1985. Unless major expenditures are forcasted or there are dramatic changes by the State in funding formulas, we expect the mil rate to remain stable or be further reduced. 9. The city has been the coordinating agency for satellite facilities for four residents from Lake Jane that require these facilities. The City obtained satellites for the Keane, Paul, Evanoff, and Marcellus households. 10. Attached for your information is an AMM Bulletin providing the City with a general up -date of recent activities. 11. The City has been doing some daily monitoring of the Eagle Point Dam to insure that the water level is being maintained. We replaced some of the sandbags with a culvert and a steel plate over it in order to allow us better control over the water level. 12. Attached for your information is an interesting article regarding the DNR hearing on the Lake Pulaski NOHWL. This situation is not unfamiliar to Lake Elmo residents, and any success by the Lake Pulaski residents may have spinoff benefits in Lake Elmo. 13. Marilyn Banister and myself had a day long meeting with the City Auditor recently to review the 1984 facts and findings. A presentation on the audit is scheduled for the May 7, 1985 City Council meeting. As anticipated, the year end revenues were slightly higher than budgeted while the year end expenditures were lower than budgeted.. This sound budgeting philosophy has helped improve the total financial picture in Lake Elmo. Also, in 1984 we took action on many of the recommendations listed in the audit report. The financial standing and operating system in Lake Elmo is improving, but more work still needs to be done. We will be acting on more of the audit recommendations afttrthe May 7, 1985 presentation and prior to beginning the budget process in early July. 14. Attached for your information is a booklet regarding the May 16, 1985 (Thursday) board of review meeting. Which two council members will be present during certain periods of this 2:30 p.m. to 7:30 P•m• meeting will be on the 4-16-85 City Council agenda. No decisions on assessed values can be made at this board of review meeting, but question areas should be referred to the assessor and then the assessor's report will be evaluated by the entire City Council at a future meeting. 15. Attached is a response from the Clerk of Court to the City Council's request that court appointed commissioners for condemnations be paid on an hourly basis. His letter indicates that Lake Elmo got a "bargin" in our recent case.