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Mounds View City Council July 24, 2006 <br />Regular Meeting Page 5 <br />Mayor Marty closed the public hearing at 7:29 p.m. <br />Councilmember Flaherty commented that the five-year plan is a good foundation but that it can <br />change year to year. He stated the important thing is that there is a 0% levy increase for 2007. <br />He added that the Council would maintain the 0% as long as possible and commended Finance <br />Director Beer for the plan. <br />Mayor Marty stated the City is creating a vision. He stated that some things in the plan can and <br />will change, but the City needs a plan as a foundation. He stated that it was awell-done report. <br />Councilmember Stigney asked about the ordinance that is before the Council and if 2006 is the <br />first year of adoption, or if it will be the first part of the five-year plan. Finance Director Beer <br />stated the wording is following other ordinances. He stated it is the 2006 version of the plan and <br />it includes additional years. <br />Councilmember Stigney stated the language is ambiguous. He stated he is not in favor of 3% <br />levy increase in subsequent years and he is in favor of using the Medtronic levy decrease until it <br />is gone. He stated that he believed TIF would be the funding source for maintenance of County <br />10. He noted bonding was indicated as a funding source in the report and questioned why City <br />bonds were included in the plan. Finance Director Beer responded that the report should read <br />TIF and not bonding. <br />Councilmember Stigney stated he couldn't support the plan because he does not support the <br />expenditures of 2008-2011. Mayor Marty responded that it is the Council's responsibility to <br />reassess the priorities and determine what is necessary in the City. He stated the report is a <br />framework based on the City's needs. <br />Councilmember Stigney stated his problem is the list about what should be done. He stated <br />adopting the 5-year plan means that every project listed must be considered. <br />Mayor Marty stated the Council's goal is to maintain a 0% levy increase for the following years, <br />not just 2007, with 0% as long as the Council can maintain the levy reduction fund. He stated it <br />is the Council's responsibility to guard the levy reduction-fund and only use it to keep the annual <br />levy at 0%. <br />MOTION/SECOND: THOMAS/GL1NN. To waive the reading and adopt the first reading of <br />Ordinance 776, an Ordinance adopting the Five Year Financial Plan. <br />Ayes - 4 Nays -1 (Stigney) Motion carried. <br />B. 7:10 pm -Public Hearing, Introduction and First Reading of Ordinance 777, <br />an Ordinance Approving a Partial Drainage and Utility Easement Vacation <br />Associated with Lot 5, Hidden Hollow, Requested by Dave Regal Builders. <br />Director Ericson stated this is one of the last remaining lots to be developed in the Hidden <br />