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City Council meeting of December 5, 2005 <br />Page 3 <br />APPROVE RESOLUTION FOR RENEWAL OF 2006 ON -SALE LIQUOR LICENSES AND <br />RELATED LICENSES <br />Each year, the City Clerk's office prepares application packets for businesses seeking the renewal of on - <br />sale liquor licenses and tobacco licenses. Staff prepared the annual renewal list, which includes <br />certificates of liability insurance, payment of all required fees and taxes, and completion of application <br />materials. Adoption of the Consent Agenda adopted Resolution 2005-65 for the annual renewal for the <br />2006 on -sale liquor licenses and related licenses, subject to payment of all requested fees, taxes, and <br />certificates of liquor liability insurance. <br />APPROVE REDUCTION IN LETTER OF CREDIT FOR VICTOR GARDENS NORTH <br />Contract Property Development Corporation (CDPC) made application to the City for a reduction in <br />their letter of credit for the public improvements in the Victor Gardens North development. Senior <br />Engineering Technician Scott Anderson reviewed the completion of the public improvements to date and <br />found them to be satisfactorily complete. Adoption of the Consent Agenda reduced the letter of credit <br />for the remaining public improvements to the amount of $377,766.00. <br />APPROVE REDUCTION IN LETTER OF CREDIT FOR WATERS EDGE 2ND ADDITION <br />Solid Ground Development made application to the City for a reduction in their letter of credit for the <br />public improvements in the Waters Edge 2nd development. Senior Engineering Technician Scott <br />Anderson reviewed the completion of the public improvements to date and found them to be <br />satisfactorily complete. Adoption of the Consent Agenda reduced the letter of credit for the remaining <br />public improvements to the amount of $192,195.00. <br />APPROVE REDUCTION IN LETTER OFCREDTT FOR HERITAGE PONDS 2ND ADDITION <br />Centex Homes made application to the City for a reduction in their letter of credit for the public <br />improvements in the Heritage Ponds 2nd development. Senior Engineering Technician Scott Anderson <br />reviewed the completion of the public improvements to date and found them to be satisfactorily <br />complete. Adoption of the Consent Agenda reduced the letter of credit for the remaining public <br />improvements to the amount of $442,000.00. <br />TRUTH IN TAXATION PUBLIC HEARING <br />At its September 6, 2005 meeting, Council certified the City's proposed 2006 tax levy at $3,771,811. <br />Council also selected Monday, December 5, 2005 for the Truth in Taxation public hearing. According <br />to Minnesota Statute, the City must present its proposed 2006 City budget, as well as the proposed City <br />tax levy and allow the public the opportunity to provide comment. Additionally, the budget and tax levy <br />cannot be adopted at this meeting but at another regular City Council meeting, which has been scheduled <br />by Council for Monday, December 19, 2005. Finance Director Ron Otkin provided a PowerPoint <br />presentation reflecting highlights of the proposed 2006 City budget, after which Mayor Miron opened <br />the public hearing to allow residents the opportunity to provide comment on the proposed budget and <br />provide any additional direction to City staff for its approval at the December 19, 2005 meeting. Julie <br />Williams, Director of the WB Counseling Center, addressed Council requesting additional funding. On <br />