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1 Mr : Childs said -under. .the .1988 .assessment formula which had -not been. <br /> - inustral and rental: properties *.in- St W 2 changed, commercial, <br /> 3 -could be ' expected to pay 10% more in taxes. He confirmed that- ,the <br /> 4 - new Homestead': credit formula decreased property taxes . on residential <br /> 5 property but increased the taxes on the other classifications. <br /> 6 The Manager estimated that with a 3% raise in valuation, the owner of <br /> 7 an average home- in St. Anthony, which is $85 ,000 , would be paying a <br /> 8 total package of $105 . 00 more in property taxes than was paid in <br /> 9 1987 . <br /> 10 Major Expenditures Anticipated in 1988 Budget <br /> 11 The City Manager reiterated from his report that there were some . <br /> 12 major equipment expenditures anticipated, including. the second year <br /> 13 payment on the motor grader and the ..need for a new snow plow to <br /> 14 provide the City with better quality equipment than' in the past year. <br /> 15 The hearing closed at 9 : 30 P.M. <br /> 16 Council Action <br /> 17 Motion by Ranallo, seconded by Marks to adopt the resolution ' <br /> 18 approving the $1, 263 , 150 tax levy in the current year collectible <br /> 19 upon taxable .. property in St. Anthony in 1988 . The- resolution also <br /> 20 approves the -1.988 City budget. <br /> 21 RESOLUTION - 87-029 <br /> 22 A RESOLUTION APPROVING THE 1987 TAX LEVY, <br /> 23 COLLECTIBLE IN 1988 AND THE 1988 CITY BUDGET <br /> 24 Motion carried unanimously. - <br /> 25 Mr. Childs said he would, 'as requested by Councilmember Makowske., <br /> 26 return to the Council with a budget amendment .which would transfer <br /> 27 the Newsletter -costs out of the Council Contingency Fund. <br /> 28 Council Approves Uncollectible Check write-Off <br /> 29 Councilmember Makowske asked the City Manager to check with the <br /> 30 Liquor Manager to see what could be done to prevent repetition of bad <br /> 31 check cashing by the same persons several times within the same year. <br /> 32 Councilmember Ranallo pointed out that the checks had been cashed in <br /> 33 different stores , but he agreed - there:, should, be some way of <br /> 34 -preventing the same person from defrauding the City so many times. <br /> 35 'The fact that some of the checks came from a church was also noted. <br /> 36 ' Councilmember .-'.Marks wondered if computerizing these- transactions <br /> 37 might alleviate the repetition problem. <br /> 38 Council Action <br /> 20 <br />