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Page 9 <br />September 14, 1998 <br />Mounds View City Council <br />and not exceed, between the present time and the time the final 1999 budget is adopted on <br />November 30, 1998 meeting or at a special meeting held December 7, 1998. The General Fund <br />Revenue budget is just over $3.6 million. The General Fund Levy is proposed to be a $1.68 <br />million levy. This is a 5 percent increase over the 19981evy. Ramsey County has notified <br />Mounds View that the average home in Mounds View will see and increase in tax levy of about <br />2.27 percent due to the increase in property values. These figures are preliminary and are used <br />for the County's Truth in Taxation Notices. The City Council is continuing to work on the 1999 <br />budget which will be up for approval in November. <br />Mayor McCarty added the Council cannot go above the stated limits but they do have the ability <br />and opportunity to reduce the figures after the budget is finalized. <br />MOTION/SECOND: Koopmeiners/Gunn to approve Resolution 5265 setting the preliminary <br />1999 general fund operation budget, 1999 property tax levies, and the related public hearing for <br />November 30, 1998. <br />~~ <br />• Stigney offered the following comment: I would like to see us (The Council) reduce it to a zero <br />percent increase over last year if that is possible." <br />VOTE: Ayes - 4 Nays - 0 Motion carried <br />D. Consideration of Resolution No. 5266 Approving a Development Agreement with <br />Anthony Properties Management/Louise O'Neil for the Proposed Theater Development. <br />Director Jopke gave his report as follows: <br />At the September 8, 1998 City Council work session, staff reviewed the Development <br />Agreement drafted for Anthony Properties Management. The agreement has been changed as <br />follows: Section 3.11 has been eliminated. This was the provision that required that access to <br />County Road H2 be barricaded until the signal is up and running on Highway 10. J. Anthony has <br />signed and executed their portion of the agreement. <br />Staff was also requesting permission to retain SEH to proceed with the final design for the <br />signalized intersection relating to the Theater Project and the Community Center. <br />MOTION/SECOND: Gunn/Koopmeiners to approve Resolution No. 5266 Approving a <br />Development Agreement with Anthony Properties Management/Louise O'Neil for the Proposed <br />Theater Project. <br />