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MOUNDS VIEW <br />City of Mounds View Staff Report <br />Item No. 5.D. <br />Meeting Date: October 12, 2020 <br />Type of Business: Council Consent <br />City Administrator Review: <br />To: Honorable Mayor and City Council <br />From: Mark Beer, Finance Director <br />Item Title/Subject: Resolution 9319 Authorizing the Refund of License Fees for <br />Businesses Forced to Close During the Stay -At -Home Order <br />The City Council at the September 28'h meeting expressed a desire to provide additional <br />assistance to those businesses that were forced to close as a result of the Stay -At -Home <br />executive order. The Council directed staff to refund the balance of any license fees paid by those <br />businesses. <br />The City Council may consider future actions after the City's financial outlook becomes clearer. <br />The State of Minnesota is looking at a significant deficit and closing that deficit will impact aid <br />revenues the City receives. The State will receive an economic projection in early December <br />which will provide some indication of the extent of the State deficit. <br />Strategic Plan Strategy/Goal: <br />Operate under a balanced budget that meets the needs and goals of the community. <br />Financial Impact: <br />$13,965 reduction in license fee revenue. <br />Respectfully Submitted, <br />Mark Beer, Finance Director <br />