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City Council Regular Meeting Minutes September 12, 2006 Page 3 1 Assistant City Manager Moore -Sykes reminded Council of future events relative to the 2007 2 budget and tax levy. These events include: November 17, 2006 - Proposed property tax 3 statements would be mailed to residents; December 4, 2006 — Truth-in-taxation/budge 4 presentation to the City Council and residents; and December 11, 2006 — Final adoption of the 5 2007 Budget/Tax Levy. 6 7 Assistant City Manager Moore -Sykes reported a 6.59 percent increase in the 2007 budget and a 8 6.93 percent increase in the tax levy. Assistant City Manager Moore -Sykes detailed the 2007 9 Total proposed Tax Levy included: the general fund, roads, levy, a fire truck, a public facilities 10 bond, the HRA levy, tax abatement and PERA. She stated total levy increase with roads equals a 11 6.93 percent increase. 12 13 Assistant City Manager Moore -Sykes reported the issues impacting budget include increased 14 motor fuel costs, increased employer health insurance costs, a cost of living adjustment for City 15 Staff, the addition of a part-time community services offer, additional police overtime, 16 maintenance costs of City parks and utility costs for City buildings. 17 18 Assistant City Manager Moore -Sykes stated new revenue line items include a police impound 19 fee for $10,000; an additional $25,000 liquor operation transfer; and $12,700 maintenance 20 agreement with Hennepin County. 21 22 Mayor Faust mentioned the line item for increased police impound administrative fee, stating 23 this would be because of the council's approval to increase the fee schedule at the beginning of 24 the year. He explained that this is not a new fee. 25 26 Finance Manager Larson stated this is because of the time required to perform administrative 27 tasks relating to impounding vehicles received as the result of DUl/DWl arrests. 28 29 Councilmember Horst asked about the maintenance agreement as a new line item. 30 31 Finance Director Larson stated the increase means the City would receive $12,700 more from 32 Hennepin County. He reported it is an increase to an existing line item. 33 34 Assistant City Manager Moore -Sykes reported next steps in the budget process include sending 35 out the proposed property tax statements on or about Nov 17. She reported the truth -in -taxation 36 hearing would be held on December 4, 2006 at 7:00 p.m. in Council Chambers. Ms Moore -Sykes 37 encouraged Council and residents to call Finance Director Larson at 612-782-3316 with any 38 questions or comments. 39 40 Motion by Councilmember Gray, seconded by Councilmember Thuesen, to approve Resolution 41 06-072; Proposed 2007 Tax Levy and Budget in Compliance with the Truth in Taxation Act. 42 43 Councilmember Stille stated the budget and levy had not been taken lightly and was discussed 44 over several work sessions. He reported the budget had been gone over line by line. He reported 45 everyone worked together as it progressed over the year. Councilmember Stille mentioned the