Laserfiche WebLink
Mounds View City Council December 5, 2016 <br />Truth in Taxation Meeting Page 3 <br /> <br /> 1 <br />Mayor Flaherty recommended the levy be set at 1.71%, but suggested the levy amount be set by 2 <br />Mayor Elect Mueller. 3 <br /> 4 <br />Council Member Mueller supported the levy being set at 1.71%. She stated this percentage 5 <br />would allow the City to keep its levy increase below 4%. Finance Director Beer thanked the 6 <br />Council for their input. 7 <br /> 8 <br />Finance Director Beer questioned what funds should be set aside for the HRA and EDA levies. 9 <br />He suggested $60,000 be set aside for the EDA and $40,000 for the HRA, which would be a 10 <br />2.28% tax levy. The Council supported this recommendation. 11 <br /> 12 <br />Council Member Gunn requested further information from staff on the difference between the 13 <br />EDA and HRA monies. Finance Director Beer explained EDA funds could be used for small 14 <br />business loans while HRA dollars were housing related. 15 <br /> 16 <br />8. Next Council Work Session: Monday, December 5, 2016, at 7:00 p.m. 17 <br />Next Council Meeting: Monday, December 12, 2016, at 7:00 p.m. 18 <br /> 19 <br />9. ADJOURNMENT 20 <br /> 21 <br />The meeting was adjourned at 6:37 p.m. 22 <br /> 23 <br />Transcribed by: 24 <br /> 25 <br />Heidi Guenther 26 <br />TimeSaver Off Site Secretarial, Inc. 27