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Engineer Raatikka explained that Allied Blacktopping has <br />requested they be paid in full with the understanding they will <br />complete the repair work in the Spring. Allied Blacktop has a <br />bond to cover the repair project. Engineer Raatikka stated the <br />attorney, Bill Goodrich, has suggested the City hold back 5%, or <br />$3,000, which would cover twice' the cost of the repairs. <br /> <br />Motion by Councilman Cox, seconded by Councilman DeLuca, to <br />approve payment to Allied Blacktop minus 5%, or $3,000, which <br />will be held to cover the repairs that are to be done in the <br />Spring. <br /> <br />Councilman DeLuca asked if the City wo,zld need to pay interest on <br />this 5%. Administrator Hartley state,2 this was not nece~.sary <br />since the contract itself which was entered into between Allied <br />and Ramsey provides for such a retainage. <br /> <br />Motion carried. Voting yes: Mayor Reimann, Counciimembers Cox, <br />DeLuca, Pearson and Sorteberg. Voting no: None. Absent: None. <br /> <br />Case #2: <br /> <br />Consider Resolution Setting Levy for Payable 19S8 <br />Taxes <br /> <br />Administrator Hartley explained additional information from the <br />County was received regarding the assessed value for Ramsey. <br />This new information affects the predictions that were made <br />regarding the impact of the property tax levy. Administrator <br />Hartley had asked Noel Graczyk, Finance Officer, to gather <br />information about this matter as well as the affect of reducing <br />the overall levy for %he City of Ramsey. <br /> <br />Noel Graczvk, Finance Officer, gave a pres=n==~o:~ to the Council <br />~+~'~,ion and how %he -~!!~ sa-= is-=-ffected. <br /> <br /> ' ~ ' ._~ Graczv~< explaine-i rna% ~ %ne z~sca~ <br />diaper~== ~istrikuticn was ~=~--ed this year i~ resu!%s in a <br />~c8~ ~oss cf at least $i5,000 Der ~ By -' ' the <br />.......... _ rec~clng . <br /> <br />and '~ -~= .... ~ccal ~rc. car%'~_ c~-ners~ . 5% ........ =~=~ ins-eases ~= ability <br />~.= ~her Cicv's to oi~?= additional tax burden= on the City cf <br />Rmmsev ~.~=._ ..... ~= Sc-t_= =. ~'~_.._ S~aCe uranns revenues to <br /> <br />%he ievv it also reduces %he fiscal need and nherefiore the local <br />covernment~ =-.id which in zurn reduce=- the a:;.~ =,.--.- .~.~.,__= .... ~,=- znuc' <br />e~= ...... funure years. ~r. Graczyk =x~]a~==~_ ~_ .~ .... ~'na.~ ~-,~ reducin~ the <br />levy limit by one mill this year <br />..... los= ~f ~80 490 =~a %he .... - .... ' ~ c ..... <br />revenue ability for i <br /> <br />:Cicv ~ .... ~ ' ~057 <br /> ~o=~i/Octco=r 6, .~ <br /> Page 4 of !0 <br /> <br /> <br />