1997.09.02 CC Minutes - Laserfiche WebLink

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City Council meeting of September 2, 1997 Page 4 The Council considered a resolution prepared by the City's bond counsel, Briggs and Morgan, establishing November 18, 1997 as the date to conduct a referendum on whether the City should issue GO bonds to fund the construction of a new Fire Hall. November 18th was chosen for the referendum as November 11 th is a holiday, and on November 4th, the White Bear School District will be having its own election. Miron made motion, Leroux seconded, to schedule a November 18, 1997 for the referendum vote, with all voting taking place at Hugo City Hall. All aye. Motion Carried. Miron made motion, Leroux seconded, directing City staff to provide Fire Hall referendum information to Ed Carey of WLKX. All aye. Motion Carried. Miron made motion, Barnes seconded, to adopt RESOLUTION 1997-18, A RESOLUTION CALLING FOR AN ELECTION ON $1,145,000 GENERAL OBLIGATION BONDS OF 1997. VOTING AYE: Barnes, Goiffon, Leroux, Miron Motion Carried. The Council considered a draft budget proposal for 1998, as well as a resolution establishing a maximum tax levy for 1998. The legislature has imposed levy limits on the City for next year, and the maximum tax levy proposed is that allowable by law. This amount may be reduced, but not increased, when the City determines its 1998 tax levy. The City has not yet received information regarding its tax capacity. This information will not likely be available until late November. The Truth in Taxation meeting is recommended for December 15, 1997 at 7:OOPM. Staff recommended adoption of the resolution, and requested the Council set a special meeting date in September to begin review and discussion of the City's 1998 budget. Miron made motion, Leroux seconded, to adopt RESOLUTION 1997-19, A RESOLUTION APPROVING PAYABLE 1998 PRELIMINARY LEVY CERTIFICATION. VOTING AYE: Barnes, Goiffon, Leroux, Miron Motion Carried.