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Item No. 9 <br /> Staff Report No. <br /> • Meeting Date: <br /> Type of Business: <br /> 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 City Council <br /> From: Bruce Kessel, Finance Director <br /> Item Title/Subject: Preliminary 1998 Budget and Property Tax Levy <br /> Date of Report: August 29, 1997 <br /> State Statutes require political subdivisions to adopt a preliminary budget and levy for the <br /> subsequent year on or before September 15th. At the same time, they also require that dates and <br /> times be selected for a public hearing and continuation hearing, if necessary, on the same. The <br /> hearings must be held between November 29th and December 20th, and can not be held on a <br /> Sunday or on the dates selected by the County, School District or special taxing jurisdictions <br /> (December 1, 2, 3, 9, 16). If the hearing is held on a Monday thru Friday, the meeting must be <br /> held after 5:00 p.m.; if it is held on a Saturday, it can be at any reasonable time; there are <br /> additional time requirements for continuation hearings. After the public hearing, and <br /> continuation hearing if required, the final levy and budget must be adopted. <br /> 0 Based upon the State requirements and the dates selected by the other taxing jurisdictions, I <br /> would propose the following dates be selected: <br /> Wednesday, December 3 Public hearing on budget <br /> Wednesday, December 10 Continuation hearing, if necessary <br /> Monday, December 22 Adoption of final budget and levy <br /> The starting time for the first two meetings could be between 5:30 and 7:00 p.m.; the time for the <br /> last meeting would be at the regularly scheduled City Council meeting. <br /> In the past, the City has selected a date for an informational meeting on budget. October 20th or <br /> November 17th are two Mondays without a council work session or regular meeting that you <br /> may wish to consider for such a meeting. <br /> Attached is a draft of the proposed resolution that will be needed to adopt the preliminary budget <br /> and levy and set the dates for the required public hearings. <br />