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Motion carried. Voting Yes: Mayor Gamec, Councilmembers Kurak, Zimmerman, Anderson, and Hendriksen. Voting No: None. Case #2: Adopt Resolution Approving Proposed 2002 Payable Tax Levy Finance Officer Lund presented the proposed 2002 Payable Tax Levy in the amount of $4,814,550. She explained that the proposed levy can always be reduced, but it cannot be increased without "higher" level approval through an appeals process. Therefore, it was staff's position that the maximum proposed levy be adopted at the level proposed. The proposed levy must be certified to Anoka County by Monday, September 17, 2001. Motion by Mayor Gamec, seconded by Councilmember Anderson, to recommend that the City Council adopt the Resolution Approving the Proposed Maximum 2001, Payable 2002, Tax Levy. Further discussion: Councilmember Kurak inquired if it was true that the property owners in the Mississippi Subdrainage District cannot pay off the cost early. Finance Officer Lund replied yes, explaining that it cannot be paid off early because the cost was placed on their property taxes. Councilmember Kurak inquired if the property owners were being charged interest. Finance Officer Lund replied yes. Councilmember Kurak inquired if the property owners will be paying more than what the project cost is at the end of the ten years. Councilmember Hendriksen stated that the 444 process was put in place by the legislature because the people at the top of the hill do not think they have a problem while the people on the bottom are swimming. Under the assessment process it can become very problematic in that scenario which is why 444 was put in place. Finance Officer Lund reviewed how property owners are levied for the project. Councilmember Zimmerman stated that in a time of high taxes he does not know how the City could include the purchase of an aerial ladder truck. Councilmember Hendriksen stated that when the City has to add in excess of a ½ million dollars in aid cuts, the City needs to have some fiscal restraints particularly on the certificate of indebtedness. Motion carried. Voting Yes: Mayor Gamec, Councilmembers Anderson, and Kurak. Voting No: Councilmembers Hendriksen and Zimmerman. Case #3: Review and Adopt "Proposed" 2002 General Fund Budget Finance Officer Lund stated that the 2002 Proposed General Fund Budget, as it has been presented, is based on the collection of tax dollars at a level that has an imposed levy limit reenacted for 2002 payable. The 2002 budget includes an increase in the staffing complement by one full-time Associate Planner, one full-time Engineering Tech IV, and increasing the current Community Service Officer and Mechanic positions from half time to full time. The budget as presented includes $117,850 of capital outlay items. A small portion of these capital items will be funded from the Equipment Revolving Fund. In total, Public Safety, is now 36.62 percent of the budget. General Government is 28.51 percent of the budget. Public Works and Parks represent 25.26 percent and miscellaneous and transfers make-up the balance. The 2002 Finance Committee/September 11, 2001 Page 5 of 7