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December 10, 2013 Page 3 of 6 5 Ayes, 0 Nays - Motion Carried Public Hearing None Council Business 1. Consideration of Resolution Adopting the Final 2014 Tax Levy. Report No. 13 -286. Resolution No. 13-094. City Manager Lotter indicated Finance Director Maiers would present this item to the Council. Finance Director Maiers explained the 2014 General Fund Budget received 52.3% of its total revenues from property taxes. The City Council approved a prelimilialy 2014 tax levy of $6,870,308 on September 10� . This was $417,000 or 5.72% less than the levy payable in 2013. It was noted the preliminary 2014 tax levy was certified to Ramsey County and used in their calculations for their parcel specific notices mailed to each property owner. He explained the preliminary 2014 tax levy has since been lowered by an additional $76,000 to $6,794,308. The 2014 tax levy of $6,794,308 is $493,000 or 6.8% less than the tax levy payable in 2013. He requested the Council adopt the final 2014 tax levy. Motion by Councilmember Samuelson, seconded by Councilmember Jacobsen to waive the reading and adopt a Resolution approving the final 2014 Property Tax Levy. 5 Ayes, 0 Nays - Motion Carried 2. Consideration of Resolution Adopting the Final 2014 Budgets. Report No. 13 -287 Resolution No. 13-095. City Manager Lotter indicated Finance Director Maiers would present this item to the Council. Finance Director Maiers stated the City's General Operating Fund Budget for 2014 is $12,995,400, an increase of 0.54 %, or $70,100, from the amended 2013 budget. He reviewed the City's enterprise and internal service funds explaining these funds had a total 2014 budget of $7,983,200. Staff reviewed the significant changes to the General Operating Fund budget from 2013 to 2014 with the Council and recommended approval of the final budget. Councilmember Burg Motion by Councilmember Jacobsen, seconded by Councilmember Burg to waive the reading and adopt a Resolution approving the final 2014 budgets. 5 Ayes, 0 Nays - Motion Carried Consideration of Resolution Adopting the Final 2014 Tax Levy for Lake Diane Storm Sewer Taxing District. ReportNo.13 -288. ResolutionNo.13 -096. City Manager Lotter indicated Finance Director Maiers would present this item to the Council. Finance Director Maiers explained the City has established a Storm Sewer Improvement Taxing District within the City for Lake Diane. A Storm Sewer Improvement Taxing District is an area within the territorial limits of a municipality. The municipality may acquire, construct, maintain, and otherwise improve storm sewer systems and related facilities within the district for the benefit of the district. The costs involved may be recovered by levying tax on all taxable properties within the district. He reported the City adopted a preliminary 2014 tax levy for the Storm Sewer Improvement Tax District on September 10, 2013 for $2,250. He recommended the Council approve the proposed tax levy. Mayor Jacobsen suggested. Public Hearine Council Business 1. Consideration of Resolution Adopting the Final 2014 Tax Levy, ReportNo.13 -286. Resolution No. 13-094 2. Consideration of Resolution Adopting the Final 2014 Budgets. ReportNo, 13 -287. Resolution No.] 3-095 3. Consideration of Resolution Adopting the Final 2014 Tar Levy for Lake Diane Storm Sewer TwdngDistricc ReportNo. 13 -288. Resolution No. 13-096