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Item No. l i F <br /> • Staff Report No. 17- 7 /,3C. <br /> Meeting Date: March 24, 1997 <br /> Type of Business: CB <br /> 4110 WK: Work Session;PH:Public Hearing; <br /> CA:Consent Agenda; CB:Council Business <br /> City of Mounds View Staff Report <br /> To: Honorable Mayor and members of the Council <br /> From: Bruce Kessel, Finance Director.�— <br /> Item Title/Subject: Ordinance adopting the 1996 Long Term Financial Plan <br /> Date of Report: March 20, 1997 <br /> The City Charter requires that a long term financial plan be adopted by the City Council by <br /> Ordinance. During 1996, the City Council held various meetings on the plan, and adopted the <br /> 1997 budget based upon information in the plan, however due to on oversight,the long term <br /> financial plan was not adopted by Ordinance. <br /> A copy of the 1996 Long Term Financial Plan (modified to reflect adjustments that were made <br /> during the 1997 budget process) was distributed at the March 17, 1997 work session. Attached is <br /> a copy of the proposed Ordinance and the second reading is tenatively scheduled for April. <br /> • <br /> • <br />