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been determined that as long as the City has the feasibility study and has authorized that it go <br />forward, it can be levied. <br /> <br />Chairperson Elvig inquired how many properties are in this district. <br /> <br />Financc Officer Lund replied there are about 13 properties in total <br /> <br />Counci hnember Zimmerman noted properties on the south half are utilizing the pipe, while in the <br />northern area there is not really a need for it at this time. <br /> <br />Finance Officer Lund explained if at some point the Council determines to stop the project the <br />levy will need to be refunded. <br /> <br />Chairpersol~ Elvig asked if there is anything in the purchase of these properties that takes those <br />dollars into account in case they need to be refunded. <br /> <br />Finance Officer Lund suggested this be mentioned to the City Attorney so it is included with the <br />RALF fund agreements. <br /> <br />Councilmember Zimmerman commented this district is a unique situation, and a lot of thought <br />will be required to solve the questions. He inquired if the district could be split, as the southern <br />hal f is ah'cady built and using the pipe as intended. <br /> <br />Finance Officer Lund indicated the entire process of creating the district would need to be <br />{'ollowed to split the district. <br /> <br />Chairperson Elvig noted this levy and budget approves 7 ½ new employees; however the <br />Personnel Committee is discussing approval of 9.½ new employees. <br /> <br />Public Works Director Kapler explained two of the employees being discussed in the Personnel <br />Committee meeting had been pooled into 2004. <br /> <br />Motion by Councihnember Zimmerman, Seconded by Chairperson Elvig, to recommend City <br />Council adoption of the resolution adopting the 2004, Payable 2005 Municipal Tax Levy. <br /> <br />Motion carried. Voting Yes: Chairperson Elvig and Councilmember Zimmerman. Voting No: <br />None. Absent: CouncilmemberStrommeni <br /> <br />Finance Officer Lund indicated the annual budget of the City for the fiscal year begim~ing <br />January 1, 2005 is set at $8,806,017 in total revenues and total operating and capital <br />expenditures. <br /> <br />Chairperson Elvig asked how the 38.15 percent tax rate capacity compares with last year. <br /> <br />FinanCe Committee/December 14, 2004 <br /> Page 2 of 6 <br /> <br /> <br />