Minutes - 1999/09/13 - Laserfiche WebLink

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Mounds View City Council September 13, 1999 Regular Meeting Page 28 Finance Director Kessel explained Resolution 5367 contains three items for consideration. He • stated Item 1 is the General Fund Levy, and as it was originally presented, the General Fund includes the Fire Bonds in the amount of $73,755.00. He stated this is the City's share of the Fire Bonds that are paid to the city of Blaine. He noted the remainder of the General Fund is $3,759,257.00, and explained that this was the preliminary amount between that date, and the adoption of the final levy and budget. He added that in December that number could change. Finance Director Kessel stated Item 2 is the maximum amount the state allows the City to levy. He stated the Fire Bonds are $73,755.00, and the balance of the Property Tax General Fund is $1,695,897.00, which is the maximum levy, and represents a .93 percent increase. He explained that when the Fire Bond levy decreases, the total levy for the City is approximately .5 percent. He noted that this number can decrease, however, it can not exceed that amount if adopted as is. Finance Director Kessel stated Item 3 is the requirement to set a Truth in Taxation meeting date. He explained that the date of the meeting indicated in the Resolution is December 6, at 6:00 p.m. He noted there were additional available dates, should there be a conflict with the date presented. He stated the dates that were not allowed for the scheduling of this meeting were also indicated. He recommended the Council schedule a date in December, if they do not wish to hold the meeting on December 6. City Administrator Whiting stated December 6 falls upon a normal Work Session day. He stated he would be attending the National League of Cities conference the week prior to this date, however, he was certain he would be back in time for the meeting. He stated he was not aware • how much preparation was necessary for this meeting, however, in light of the Work Session that date, he did not know how much preparation time they would have. City Administrator Whiting noted there was also a Vikings game scheduled for that evening, if they were looking for attendance. Mayor Coughlin stated the options would be one week earlier, with a spill over date, or a week later, although this might conflict with people's vacation plans. Council Member Thomason suggested they let the December 6 date stand. Mayor Coughlin noted that one resident traditionally attempts to attend most meetings, and if a continuation of the meeting is necessary, they may wish to incorporate it to 7:00, and hold the actual Council Meeting of that date, after those proceedings. Finance Director Kessel advised that the continuation meeting is not supposed to be held during a regularly scheduled Council Meeting. Mayor Coughlin stated they could hold the Council meeting immediately following the Truth in Taxation meeting. Mayor Coughlin inquired if it was the consensus of the Council to hold the Truth in Taxation • meeting on at 6:00 p.m. on December 6, and if it requires to be continued, the continuation be held at 7:00 p.m. on December 13.