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<br />FINANCE COMMITTEE <br />CITY OF RAMSEY <br />ANOKA COUNTY <br />STATE OF MINNESOTA <br /> <br />The Finance Committee conducted a regular meeting on Tuesday, December 11, 2007, at the <br />Ramsey Municipal Center, 7550 Sunwood Drive NW, Ramsey, Minnesota. <br /> <br />Members Present: <br /> <br />Chairperson Sarah Strommen <br />Councilmember Matt Look <br />Mayor Thomas Gamec <br /> <br />Members Absent: <br /> <br />Councilmember David Elvig <br /> <br />Also Present: <br /> <br />Finance Officer Diana Lund <br />Public Works Director Brian Olson <br /> <br />CALL TO ORDER <br /> <br />Chairperson Strommen called the regular meeting of the Finance Committee to order at 5:30 <br />p.m. <br /> <br />CITIZEN INPUT <br /> <br />There was none. <br /> <br />APPROVE AGENDA <br /> <br />Motion by Mayor Gamec, seconded by Councilmember Look, to approve the agenda as <br />submitted. <br /> <br />Motion carried. V oting Yes: Chairperson Strommen, Mayor Gamec and Councilmember Look. <br />Voting No: None. Absent: Councilmember Elvig. <br /> <br />COMMITTEE BUSINESS <br /> <br />Case #1: <br /> <br />Review and Adopt 2008 Tax Levy and General Fund Budget <br /> <br />Finance Officer Lund stated that the tax levy is $9,159,173 and the general fund budget is <br />$10,049,236, which is the same amount that was proposed at.the September 11, 2007 Meeting. <br />She stated Jim Deal's property was revalued by the County, which brings the tax capacity rate <br />down to 39.254% and results in taxpayers paying about $5.00 per year more. <br /> <br />Motion by Mayor Gamec, seconded by Councilmember Look, to recommend that the City <br />Council adopt the resolution Adopting the 2007, payable 2008 Municipal Tax Levy in the <br /> <br />Finance Committee / December 11, 2007 <br />Page 1 of3 <br />