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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 would need to pay interest on <br />this 5%. Administrator Hartley stated this was not necessary <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, Councilmembers Cox, <br />DeLuca, Pearson and Sorteberg. Voting no: None. Absent: None. <br /> <br />Case ~2: <br /> <br />Consider Resolution Setting Levy for Payable 1988 <br />Taxes <br /> <br />Administrator Hartley explained additional information from the <br />County was received regarding the assessed value for Ramzey. <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 the City of Ramsey. <br /> <br />Noel Graczvk, ~ance 0==~ ' ~ ~ave a ~ ......... ~.~ <br />explaining the affect of the change in "h=~.._ ==~:sca~ disparities <br />contribution and how the -~ ~ <br /> ,~_.~ rate is affected. <br /> <br />During t¼~ ~=s~a~ ~ ~~ <br /> .._ D ........... ~. Graczyk explained ~-~ if the fiscal <br />disparities-clsur=~=~on was =a %n~s year it r=~u~ts ~n a <br />~o !o== c~ au ~=as% c~ ~,000 Der mill ~v reduci~ +~ <br />homestead credit you shift th~ tax burden away. from <br />and to nne' ' local property o~n_~_~ ~= 7- also increases th~ abi~ ~tv <br />of o=~=~.,~_ ~::v's. to r. lace &n~l~'~a]2;' ' _~' . _ tax b~'~g~z_.~ .... ~.. ~= ~''l~v of <br />R=.sev ' ~- -~= State ~ an%s re'~en'~es <br />municipalities through Local Governmenn Aid. if Eamsey reduces <br />the ievv in also .... ~educ== %h= fisca~ need and Unereicre the loca! <br />ccvernment aid ~'h:ch ~ ...... reduces the aid even furn~,=~ into <br /> ~ -~ - ~ znat t',' reauclnc nhe <br />nhe fuuure years. Hr. Graczyk =x~.==_ned ' ' ' <br />i=vv limit by one mill %hi= -.=:~ {~ wou!a ~esui% in a ~ctal two <br />year loss cf S80,4°0 anl the permanent loss in zex .... or c_ner <br /> <br />City Council/October 6, 1987 <br /> Page 4 of i0 <br /> <br /> <br />