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• 1 Mr. Childs said under the 1988 assessment formula which had not been <br /> 2 changed, commercial, industrial and rental properties in St. Anthony <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 /> W0 approves the 1988 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 />