Agenda - Council - 10/11/2011 - Laserfiche WebLink

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7. COUNCIL BUSINESS 7.01: Adopt Resolution #11 -09 -XXX Approving Proposed 2012 EDA Levy Finance Officer Lund reviewed the staff report. Councilmember Backous left the dais at 7:32 p.m. Councilmember Tossey confirmed that the proposed EDA levy can only be decreased. Mayor Ramsey inquired about the savings considering what was levied last year. Finance Officer Lund stated the levy is about $30 on a $200,000 valued home, or almost half. Motion by Councilmember Wise, seconded by Mayor Ramsey, to adopt Resolution #11 -09 -159 approving the recommendation of the EDA and approve the proposed EDA Levy for Payable 2012 in the amount of $169,853. Further discussion: None. Motion carried. Voting Yes: Mayor Ramsey, Councilmembers Wise Elvig, McGlone, Strommen, and Tossey. Voting No: None. Councilmember Backous absent for vote. 7.02: Adopt Resolution #11 -09 -XXX Approving Proposed 2012 Payable Tax Levy Finance Officer Lund reviewed the staff report. She stated the proposed levy can only be decreased; adding the final levy will be brought forward on December 13, 2011, for adoption and to hold the truth in taxation hearing. She added this is the first year since 2008 that Ramsey has had no levy limits. Mayor Ramsey said the levy is proposed at a slight increase because we did not have the Market Value Homestead Credit (MVHC) calculations right. He added we are not done with the budget and if we cut too far there is no control and no recourse. He stated that although this is not much of an increase we have every intention of keeping taxes the same or less than last year. Motion by Councilmember Wise, seconded by Councilmember Elvig, to adopt Resolution #11- 09 -160 Approving the Proposed 2011, Payable 2012, Tax Levy. Further discussion: Councilmember Elvig said there have been many changes in the tax structure and while this may look high, Council is still trying to cut costs. He said that the last legislative session changed a lot of things for Ramsey. Councilmember Tossey stated we are not going to raise the levy even 1.2% and will likely decrease it instead. Motion carried. Voting Yes: Mayor Ramsey, Councilmembers Wise, Elvig, McGlone, Strommen, and Tossey. Voting No: None. Councilmember Backous absent for vote. City Council / September 13, 2011 Page 6 of 12