Agenda Packets - 2016/10/10 - Laserfiche WebLink

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Mounds View City Council September 12, 2016 Regular Meeting Page 2 A. Resolution 8622, Authorizing Certification of the Preliminary General Fund 1 Budget and Preliminary Property Tax Levy for Fiscal Year 2017. 2 3 Finance Director Beer requested the Council authorize certification of the preliminary general 4 fund budget and property tax levy for 2017. He explained State Statute requires the City to 5 certify a levy and budget to the County Auditor by September 30th. He reported the Council 6 could always lower the budget and levy after September 30th but there could be no increases. It 7 was noted the City was considering a tax levy 2.5% increase for 2017. Staff reviewed the 8 preliminary budget and tax levy in further detail with the Council and recommended approval. 9 10 Mayor Flaherty recommended the Council maximize the levy at this time and make necessary 11 cuts prior to December. He supported the Council adopting a tax levy of 3.4%. He saw this levy 12 increase as a placeholder until the City could get further answers on the EDA levy. 13 14 MOTION/SECOND: Flaherty/Mueller. To Waive the Reading and Adopt Resolution 8622, 15 Authorizing Certification of the Preliminary General Fund Budget and Preliminary Property Tax 16 Levy of 3.4% for Fiscal Year 2017. 17 18 Council Member Meehlhause stated he could support the 3.4% levy amount and was proud of the 19 fact that the City had a balanced budget. He was pleased that the City’s tax capacity had 20 increased in the past year due to the completion of new developments. 21 22 Council Member Gunn believed it was a good decision to increase the levy to 3.4% until further 23 information was provided by staff regarding the HRA/EDA levy. 24 25 Brian Amundsen, 3048 Wooddale Drive, thanked the Council for hearing his previous concerns 26 regarding the EDA levy. He requested further information on the transfers that would occur in 27 order to balance the City’s budget. Finance Director Beer discussed the fund transfers in detail. 28 29 Finance Director Beer provided the Council with a revised Resolution for approval reflecting a 30 3.4% tax levy increase. 31 32 Mayor Flaherty read the revised Resolution aloud for the record. 33 34 Ayes – 4 Nays – 1 (Hull) Motion carried. 35 36 B. Resolution 8623, Approving the Mounds View Economic Development 37 Authority’s Preliminary Special Benefits Tax for Fiscal Year 2017. 38 39 Finance Director Beer requested the Council formally approve the EDA’s preliminary special 40 benefits tax for 2017. He explained that if adopted the EDA levy would represent a 2.26% 41 increase in the City’s tax levy. 42 43 Mayor Flaherty indicated this levy could be reduced between now and December, but could not 44 increase. Finance Director Beer stated this was the case. 45