Docs re Amendments Ch 4, 6, 8 and 12

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10/30/92 10:29 HOLMES & GRAVEN NO.002 009 1Giving the option of publication in the newsletter of the official newspaper would give the City Council some flexibility. 19The commission may want to consider removing this subdivision altogether. The truth in taxation law requires detailed information to be sent to the owner of each taxable parcel of property and the city's budget process extends from September to late December with mandatory public hearings after detailed published notice. it seems questionable that a summary budget would add much to the information available to the truly interested taxpayer. VIII. My Indebtedness Section 7.10. Subdivision 2. 30 20The City Council has requested removal of this subdivision because of the difficulty of scheduling newsletter publication. Other reasons are: (i) If the bond issue has been approved by the voters, there is no reason to inform them again. (ii) If the bond issue is for a special assessment project, everyone affected has been fully notified. (iii) If the bond issue is supported only by revenues, not taxes, there seems to be no reason for publication of intent to issue. (iv) If the bond issue is supported by tax increment, numerous public hearings will have preceded the issuance. Section 7.12. Emergency Debt Certifirates.31 31This section duplicates state law, Minnesota Statutes, Section 475.754 and should be deleted. IX. Public Improvements and Special Assessments Section 8.02. Effective Charter Provisions. Local Improvements (the term "local improvement" -mean means a public improvement financed partly or wholly from special assessments against benefitted property shell may be carried out eselee#vely under the provisions of this chapter or state law.22 Diss$ 6 110.23•16