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09-13-2011
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09-13-2011
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September 13, <br />10. Consideration of Final Payment for Project 11-10, Well House 3 & 4 Retaining <br />Wall and Landscaping Improvements. Report No. 11-249. <br />' 11. Consideration of Accepting Quotes for City Project 11-15, Sunny Square Park <br />and 1759 Long Lake Road Storm Sewer Reconstruction. Report No. 11-250. <br />12. Consideration of Change Order 1 for Project 11-3, 2011 Pavement Management <br />Program and Project 11-8, New Brighton Community Center Parking Lot. <br />Report No. 11-251. <br />Motion by Councr7member Bauman, seconded by Councilmember Samuelson to approve the <br />Consent Agenda as presented <br />5 Ayes, 0 Nays - Motion Carried <br />Public Hearine <br />None <br />Council Business <br />' L. Consider approval of Resolution Adopting the Proposed Tax Levy for Taxes <br />Payable in 2012 and Setting the Meeting Dates for the 2012 Budget <br />Discussion with Public Comment and Final Determination of Tax Levies. <br />Report No. 11-252. Resolution No. 11-084. <br />Finance Director Dan Maiers reported that the Proposed 2012 Operating Fund Budget is $12,251,100. It <br />was reported that there are no new services or personnel included in the 2012 proposed budget The budget <br />increased 0.540/6 from 2011. The State recently made changes to its property tax law, having a significant <br />impact on the way each property in the City is taxed The State eliminated their Market Value Homestead <br />Credit program and added aMarket Value Exclusion program. <br />Director Maiers explained the loss of the Market Value Homestead Credit, noting the impact <br />is similar to a tax increase of $280,400. However, the City's tax levy was unchanged. The <br />City took no action resulting in this increase; it was due solely to the State Legislature's <br />decisions. The Market Value Exclusion was explained, noting the reduction of values <br />pushes the City's tax rate higher without an increase to the levy. <br />Director Maiers reviewed various scenarios of estimated impacts from these tax law changes <br />for explanation purposes. <br />At the Council's September 6, 2011 worksession, the City Council directed the City <br />Manager's Recommended 2012 tax levy to be decreased from $7,395,708 to $7,287,308, a <br />decrease of $108,400. <br />'Specifically, the 2012 Proposed Budget for the General Fund was changed as follows: <br />1) Revenue from property taxes decreased by $280,400 and <br />2) Transfers out to the Capital Replacement Funds decreased by $280,400. <br />The proposed 2012 Budget includes a proposed general operating tax levy of $7,115,308 and <br />an Equipment Certificates debt service tax levy of $172,000 for a total of $7,287,308 for <br />11 Page 3 of 6 <br />8. Consideration of <br />Change Order 2 and <br />Partial Payment 1 for <br />Project I I-1, 2011 <br />Street Rehabilitation. <br />Report No. 11-247. <br />9. Consideration of <br />Final Payment for <br />Project 11-2A, 2011 <br />Seal Coating. Report <br />No. 11-248. <br />10. Consideration of <br />Final Payment for <br />Project 11-10, Well <br />House 3 & 4 Retaining <br />Wall and Landscaping <br />Improvements. Report <br />No. 11-249. <br />11. Consideration of <br />Accepting Quotes for <br />City Project 11-15, <br />Sunny Square Park and <br />1759 Long Lake Road <br />Storm Sewer <br />Reconstruction. Report <br />No. 11-250. <br />12. Consideration of <br />Change Order 1 for <br />Project 11-3, 2011 and <br />Project 11-8, Report <br />No. 11-251 <br />Council Business <br />1. Consider approval of <br />Resolution Adopting the <br />Proposed Tax Levy for <br />Taxes Payable in 2012 <br />and Setting the Meeting <br />Dates for the 2012 <br />Budget Discussion with <br />Public Comment and <br />Final Determination of <br />Tax Levies. Report No. <br />11-252. Resolution No. <br />11-084.. <br />
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