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City Council budget workshop of June 30, 2003 <br />Page 2 <br />which stated that the Council could issue up to $760,000 in equipment certificates to fund and <br />purchase vehicles and equipment in the 2003 CIP. <br />Granger made motion, Puleo seconded, directing staff to issue $760,000 in equipment certificates to <br />fund and purchase vehicles and equipment in the 2003 CIP. <br />All aye. Motion Carried. <br />Ron also suggested that Council direct staff to prepare the 2004 budget to recapture 60% of the 2004 <br />loss of state aid <br />Miron made motion, Haas seconded, directing staff to prepare the 2004 budget to recapture 60% of the <br />2004 loss of state aid. <br />All aye. Motion Carried. <br />Miron made motion, Haas seconded, directing staff to prepare the 2004 City budget based on the <br />maximum levy allowed by state statute with NO increase in the urban tax rate. <br />All aye. Motion Carried. <br />ADJOURNMENT <br />Miron made motion, Haas seconded, to adjourn at 9:35 pm. <br />All aye. Motion Carried. <br />Michael A. Ericson <br />City Administrator <br />