HomeMy WebLinkAbout2024.10.28 CC Minutes - CIP Workshop MINUTES
4W60
CITY
City Council Meeting—CIP Workshop
Hugo Council Chambers - � EST.ID06
Monday, October 28,2024
6 p.m.
COUNCIL PRESENT: Klein, Miron, Petryk, Strub, Weidt
COUNCIL ABSENT: None
OTHERS PRESENT: City Administrator Bryan Bear, Finance Director Anna Wobse,
Community Development Director Rachel Juba, Public Works Director Scott Anderson, City
Engineer Mark Erichson, Fire Chief Jim Compton, Jr., Parks Planner Shayla Denaway
City Engineer Mark Erichson presented Council a further refined and updated 5-Year Street CIP
from what was presented at the Mid-Year Budget Review Workshop. The updated CIP reflected
costs associated with paving of 165t' Street, the City's possible share of Elmcrest Avenue, the
City's share of Fable Hills and Forest Road Bridge projects, and future trail maintenance
projects. Erichson talked about pavement ratings and what the budgetary need would be to keep
the pavement ratings in the ideal range. Updated CIP costs were shared with the Council, and
other funding sources were discussed.
Finance Director Anna Wobse shared with Council how the updated CIP would affect the Street
CIP Fund Balance. Information was shared regarding tax rates and how different rates would
affect the tax levy. Council had approved the Preliminary Tax Levy using an urban tax rate of
39.2% in order to help fund the already larger than normal five-year CIP that was presented at
the Mid-Year Budget Workshop. Wobse shared with Council that a median value homestead
should still see a tax decrease on the City portion of their tax bill mainly due to changes the State
made to the Homestead Market Value Exclusion Program.
Council was asked to provide direction on the updated CIP and to direct staff on what tax rate to
use to prepare the Final Tax Levy that would be presented at the December 2, 2024 Truth in
Taxation Public Hearing. Council had consensus on the updated CIP and directed staff to bring
back the updated CIP to a future Council Meeting for adoption. Council directed staff to prepare
the Final Tax Levy using the urban tax rate of 39.2%. Council also directed staff to bring back
proposed increases to the assessment policy at a future meeting.
Klein made motion, Strub Seconded, to adjourn at 6:58 pm
Respectfully submitted,
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Anna Wobse, Finance Director