Agenda - Council - 12/09/2014 - Laserfiche WebLink

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Notification: At is regular meeting of September 9, 2014, City Council agreed upon December 9, 2014 at 7:00 PM to hold a public meeting on the 2015 levy and budget. This date and time was printed on the proposed tax statements that were sent to each taxable property. Observations/Alternatives: Option #1 - Motion for City Council to Adopt Resolutions #14-12-252 adopting the 2014 Payable 2015 EDA levy in the amount of $116,444; Adopt Resolution #14-12-253 Adopting the 2015 EDA Budget in the amount of $204,301; Adopt Resolution #14-12-254 Adopting the 2014, Payable 2015 Municipal Tax Levy in the amount of $9,407,821 and Adopt Resolution #14-12-255 Adopting the 2015 General Fund Budget in the amount of $10,423,759. Option #2 - Motion for City Council to Adopt Resolutions as stated above in Option 1, but with the following modifications: Option#3 - Motion for City Council to not adopt the attached resolutions. If a final levy is not adopted it reverts back to the proposed September Levy. Funding Source: The EDA levy supports the EDA budget and the General Levy supports the General Fund Budget and debt service. Recommendation: Staff Recommends Option # 1 as outlined above. This is the option that was presented to the City Council at its last budget worksession of November 11, 2014. Action: Motion to Adopt Resolutions #14-12-252 adopting the 2014 Payable 2015 EDA levy in the amount of $116,444 and Motion to Adopt Resolution #14-12-253 Adopting the 2015 EDA Budget in the amount of $204,301 and Motion to Adopt Resolution #14-12-254 Adopting the 2014, Payable 2015 Municipal Tax Levy in the amount of $9,407,821 and Motion to Adopt Resolution #14-12-255 Adopting the 2015 General Fund Budget in the amount of $10,423,759. Attachments Resolution Adopting Final EDA Levy Resolution Adopting 2015 EDA Budget 2015 Final EDA Budget Resolution Adopting Final 2015 Payable Muni Tax Levy Resolution Adopting 2015 General Fund Budget 2015 General Fund Budget