2010.08.11 CC Minutes - Mid-Year Budget Workshop

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MINUTES CITY OF HUGO CITY COUNCIL MID -YEAR BUDGET REVIEW WORKSHOP WEDNESDAY, AUGUST 11, 2010 8:00 AM Mayor Miron called the meeting to order at 8:03 a.m. Present: Haas, Klein, Petryk, Weidt, Miron Absent: None Also Present: City Administrator Mike Ericson, Finance Director Ron Otkin, Community Development Director Bryan Bear, Public Works Director Scott Anderson, Accounting Clerk Anna Wobse, Board of Zoning Commissioner Frank Puleo Finance Director Ron Otkin presented the mid -year budget review to the Council. He stated that he projects revenues to exceed expenses in 2010, and the surplus will be carried over to the 2011 general fund budget. He shared with Council a proposed 2011 City budget which reflects the same tax capacity rate as 2010. He is proposing to retire all outstanding TIF bonds in February 2011 and proposed administratively knocking out most of the parcels from the Bald Eagle TIF District for pay 2012. Public Works Director Scott Anderson addressed the Council on the need for a salt storage facility. It would be a 60' X 60' building located in the back of the Public Works Site. Scott also addressed the Council on the need for a loader which we currently borrow from Lino Lakes. He was directed by Council to explore options and cost estimates from a new- to- used loader. Council discussed its police protection services and agreed to wait until the award of the COPS grants has been announced. Staff was directed to prepare the 2011 City Budget at, or below, the same urban tax rate as in 2010. The Finance Director stated that the Council will set the preliminary tax levy at its September 7, 2010 meeting since it needs to be certified to the state by September 15, 2010 Haas made motion, Weidt seconded, to adjourn at 10:02 a.m. All Ayes. Motion carried. Respectfully Submitted, Michael A. Ericson City Administrator