03.01 - City Council Minutes - Laserfiche WebLink

Home Browse Search

City Council Minutes August 23, 2016 Page 2 of 3 ----------------------------- Council Member Akerson questioned how many bonding tools are available. Ms. Kettles stated there are four bonding tools within the Model at this time. The consensus of the Council agreed to move forward with the Capital Improvement Planning Model as presented. 4. 2017 Preliminary Budget Review Nancy Malecha noted that the tax levy fund budgets presented this evening project a preliminary tax levy of$1,593,350 which is an increase of$39,998 or 2.57% from 2016. She listed the budget line item increases over$2,500. Ms. Malecha further noted that tax rate and tax capacity information will be received from Crow Vlfing County in late September or early October. Ms. Malecha stated that the preliminary levy should be determined with the understanding that it can be lowered before the final levy certification in December but it cannot increase and reiterated that the preliminary levy amount is what the taxpayers will see on their proposed property tax statements that are mailed out in November. Council Member Karr inquired if we had monies set aside for future park projects. Ms. Malecha added there could be grants or other funding sources available to use in the future for the park development and amenities that the City may want to consider. Council Member Pederson agreed that the City should add funds to the Park Budget. Council Member Loukota suggested setting the general revenue tax levy at 3%. Mayor Sjoblad agreed and reiterated the excess could be used for the future development of Trailside Park . The consensus of the Council directed Staff to raise the preliminary general revenue tax levy to 3% and put any excess monies into the General Fund Park Department under capital outlay carryover. 5. Separation and Release Agreement Between City of Peguot Lakes, Teamster General Local 346, and Chad Nangle