Minutes - 1999/11/15 - Laserfiche WebLink

Home Browse Search

Mounds View City Council November 15, 1999 Regular Meeting Page 33 difficult news in the future regarding health insurance, and although the City has a cap, this does tend to affect the employees. • City Administrator Whiting stated there should be some discussion in regard to the franchise fee, and what can be done beyond 1.5 percent, and particularly as it relates to the contingency amount at the end of the budget. He stated they have been discussing some options in terms of the Street Light Utility Fund, which could be examined more closely, because they have not had the same number of requests for new street lights, and perhaps some type of a rate credit could be considered. He added that to some extent, this discussion could also include the golf course interfund loan, which they would like to process, and within the next few meetings, attempt to hold another Work Session in that regard, and a noticed Council meeting for citizens who are interested in that. Finance Director Kessel stated he had distributed an overview of the information that will be presented at the November 22, 1999 meeting, which will be presented on a computer overhead projector. He stated there would be a summary of the budget in the Mounds View Matters. He indicated if the Council Members had any questions regarding the budget, they should submit them within the next few days, to provide staff can conduct the necessary research and provide the answers, and hopefully present a budget that everyone will be comfortable with. Council Member Stigney requested Finance Director Kessel provide information regarding how current tax revenues at the Theater Project, and prof ected revenues in the year 2000. Finance Director Kessel stated the total tax revenue at the Theater Project will remain the same, however, the tax capacity will increase. He inquired if Council Member Stigney was requesting information regarding the tax capacity. Council Member Stigney stated he would like to know the effect of the change. Finance Director Kessel stated the total dollars that come in to the City will be the same, and there will be no impact, other than possibly lowering the rate. He stated the County has provided information, which indicates residential properties would see an approximate 2 percent decrease, and commercial and industrial properties would see an approximate 10 percent decrease in what they are paying in taxes, in pay 2000, versus pay 1999. He advised however, there will be no additional dollars coming into the City as a result of this. City Administrator Whiting suggested staff could indicate what the Theater Project is likely to pay in taxes. Finance Director Kessel stated staff could provide the amount of tax the Theater Project generates. He reiterated, however, there will be no additional dollars coming into the City. He pointed out that there was a Building Permit fee increase that did come to the City, but that occurred quite some time ago. Council Member Marty stated the tax at the Theater Project would probably be less this year. • Finance Director Kessel stated last year, it was undeveloped properties, and there would not have been significant taxes collected, and this is the first year the project itself will come into play.