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City Council Minutes <br /> December 6, 2005 <br /> Page 2 <br /> ---------------------------------- <br /> REQUEST TO TRANSFER $6,000 FROM THE CHECKING <br /> ACCOUNT TO THE MONEY MARKET ACCOUNT <br /> 3.5. SUMMARY PUBLICATION FOR ORDINANCE 05-11 <br /> 3.6. RESOLUTION 05-16 ACCEPTING CONTRIBUTIONS FOR <br /> HOLIDAY LIGHTING <br /> 3.7. REQUEST TO CLOSE THE FOLLOWING ACCOUNTS AND <br /> INVEST FUNDS INTO MONEY MARKET ACCOUNT AT <br /> AMERICAN NATIONAL BANK <br /> ■ CLERK SAVINGS ACCOUNT - $6,232.07 <br /> ■ PARK SAVINGS ACCOUNT - $4,552.92 <br /> ■ GENERAL BLDG SAVINGS ACCOUNT— 1,472.39 <br /> ■ SEWER SAVINGS ACCOUNT - $38,760.16 <br /> ■ STORM SEWER SAVINGS ACCOUNT - $3,365.15 <br /> ■ WATER SAVINGS ACCOUNT - $252,495.15 <br /> ■ CEMETERY SAVINGS ACCOUNT $7,024.72 <br /> COUNCIL MEMBER NAGEL SECONDED THE MOTION. MOTION <br /> CARRIED 6-0. <br /> 4. Truth In Taxation Hearing <br /> Mayor Malecha reviewed the City's proposed 2006 general fund budget. <br /> She noted that the proposed tax levy for taxes payable in 2006 is <br /> $1,300,000 which is an increase of$200,000 from 2005. She further noted <br /> that the proposed 2006 general fund budget is $1,550,225 which is a <br /> $234,173 increase from 2005. Mayor Malecha reviewed the main reasons <br /> for the increase in the budget and levy. Mayor Malecha opened the public <br /> hearing. <br /> Jack Schmidt questioned several of the increases in the proposed 2006 <br /> general fund levy which were explained by staff. <br /> There being no further comments, Mayor Malecha closed the public <br /> hearing. <br /> COUNCIL MEMBER SJOBLAD MOVED TO ADOPT RESOLUTION 05- <br /> 13 APPROVING THE 2006 PROPERTY TAX LEVY IN THE AMOUNT <br /> OF $1,300,000. COUNCIL MEMBER PFEIFFER SECONDED THE <br /> MOTION. MOTION CARRIED 6-0. <br /> COUNCIL MEMBER NAGEL MOVED TO ADOPT RESOLUTION 05-14 <br /> A RESOLUTION APPROVING THE HOUSING AND REDEVELOPMENT <br />