Agenda Packets - 1998/09/28 - Laserfiche WebLink

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Page 9 September 14, 1998 Mounds View City Council and not exceed, between the present time and the time the final 1999 budget is adopted on November 30, 1998 meeting or at a special meeting held December 7, 1998. The General Fund Revenue budget is just over$3.6 million. The General Fund Levy is proposed to be a$1.68 million levy. This is a 5 percent increase over the 1998 levy. Ramsey County has notified Mounds View that the average home in Mounds View will see and increase in tax levy of about 2.27 percent due to the increase in property values. These figures are preliminary and are used for the County's Truth in Taxation Notices. The City Council is continuing to work on the 1999 budget which will be up for approval in November. Mayor McCarty added the Council cannot go above the stated limits but they do have the ability and opportunity to reduce the figures after the budget is finalized. MOTION/SECOND: Koopmeiners/Gunn to approve Resolution 5265 setting the preliminary 1999 general fund operation budget, 1999 property tax levies, and the related public hearing for November 30, 1998. Stigney offered the following comment: "I would like to see us (The Council) reduce it to a zero percent increase over last year if that is possible." VOTE: Ayes - 4 Nays - 0 Motion carried D. Consideration of Resolution No. 5266 Approving a Development Agreement with Anthony Properties Management/Louise O'Neil for the Proposed Theater Development. Director Jopke gave his report as follows: At the September 8, 1998 City Council work session, staff reviewed the Development Agreement drafted for Anthony Properties Management. The agreement has been changed as follows: Section 3.11 has been eliminated. This was the provision that required that access to County Road H2 be barricaded until the signal is up and running on Highway 10. J. Anthony has signed and executed their portion of the agreement. Staff was also requesting permission to retain SEH to proceed with the final design for the signalized intersection relating to the Theater Project and the Community Center. MOTION/SECOND: Gunn/Koopmeiners to approve Resolution No. 5266 Approving a Development Agreement with Anthony Properties Management/Louise O'Neil for the Proposed Theater Project.