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I <br />-I <br />i <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />I <br />i <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />Case #6: <br /> <br />Report from the Finance Committee <br /> <br />The Finance Committee met on December 10, 2002, and discusSed the following cases: <br /> <br />1) <br /> <br />Review and Adopt 2003 Tax Levy and General Fund Budget <br />The Finance Committee recommended that the City Council adOpt the resolution <br />adopting the 2002, payable 2003 Municipal Tax Levy and adopt the resolutiOn adopting <br />the 2003 City of Ramsey General Fund Operating. Budget. <br /> <br />Motion by Mayor Gamec, seconded by Councilmember Andersonl to adopt Resolution #02-12- <br />314 adopting the 2002, payable 2003 Municipal Tax Levy. <br /> <br />Motion carried. Voting Yes: Mayor Gamec, CouncilmemberS. Anderson, Kurak, and <br />Zimmerman. Voting No: Councilmembers Hendriksen. <br /> <br />Motion by Mayor Gamec, seconded by Councilmember Anderson, to adopt Resolution #02-12- <br />315 adopting the 2003 City of Ramsey General Fund Operating Budget. <br /> <br />Motion carried. Voting Yes: Mayor Gamec, Councilmembers Anderson, Kurak, and <br />Zimmerman. Voting No: Councilmember Hendriksen. <br /> <br />2) Review and Adopt 2003 HRA Levy <br /> The Finance Committee recommended that the City Council adopt the resolution <br /> adopting the 2002 payable 2003 HRA Tax Lew. <br /> <br />Motion by Councilmember Anderson, seconded by Councilmember Kurak, to adopt ReSolution <br />#02-12-316 adopting the 2002, Payable 2003 HRA Tax Levy. <br /> <br />Motion carried. Voting Yes: Mayor Gamec, Councilmembers Anderson, and Kurak. Voting <br />No: Councilmembers Hendriksen, and Zimmerman. <br /> <br />3) <br /> <br />Reimbursement and Certificate Sale Pertaining to Capital Equipment Certificates <br />of Indebtedness ~ <br />The Finance Committee recommended that the City Council adopt the resolution <br />confirming the sale of Capital Certificates of Indebtedness to. Community First Bank. <br /> <br />Motion by Mayor Gamec, seconded by Councilmember Zimmerman, to adoPt ResolutiOn #02- <br />12-317 confirming the sale of Capital Certificates of Indebtedness to Community First Bank. <br /> <br />Motion carried. Voting Yes: Mayor Gamec, Councilmembers Zimmerman, Anderson, and <br />Kurak. Voting No: Councilmember Hendriksen. <br /> <br />City Council/December 10, 2002 <br /> Page 11 of 13 <br /> <br />-23- <br /> <br /> <br />