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Page 4 - December 13, 2005 New Brighton Council Minutes Ition by Council Member Moore-Sykes, seconded by Council Member Hoffman to dify the TIF District #31 (NWQ Special Law), Creation of Hazardous Substance bdistrict #31A, Creation ofTIF District #32 (NWQ Special Law), and Creation of Hazardous Substance Subdistrict #32A. 5 Ayes, 0 Nays, Motion Carried 2. Consideration of adopting the final 2006 Property Tax Levies, the 2006 Budgets, the 2006 Fee Register, and the 2006 Compensation Plan. Report No. 05-271. Resolution No. 05-104, 05-105, 05-106, 05-107,05-108. Dan Maiers, Director of Finance gave an overview of the proposed Property Tax Levy; outlining the 2006 General Fund Budget. Council Member Burg questioned the Commercial Park Dedication Fee. Ie City Manager explained that currently a commercial fee has not yet been approved; e City Attorney and Director of Parks and Recreation are in the process of completing a aft ordinance that will be presented to Council in early 2006. Council Member Burg questioned the possibility of using the anticipated funds from future developments for replacement in existing parks. The City Attorney stated that once the monies are in the Park Fund, it can be used for replacement, however not maintenance. The City Manager explained it would be advantageous to wait until the Commercial/Industrial Park Dedication Fee is adopted, prior to considering it within the budget. Dan Maiers; Director of Finance presented the estimated replacement costs and financing schedule for non-fleet items, with an estimation of annual increases over the next few years. The schedule provides a strategy for underfunding the non-fleet replacement schedule until 2009, when it would then be overfunded until the financing plan corrects itself in 2014. Council Member Burg expressed her discontent with the projected increase, specifically in Ie area of Parks, and would prefer that park related items be replaced through the arkland dedication fund. ouncil Member Doffing stated that 1 % of the levy is equal to approximately $65,000.00. Council Member Doffing reported that non-fleet replacement was $220,000.00, equal to 3.41 % that could be removed from the levy. Mr. Maiers restated that the actual amount budgeted for Park related items was really $58,000, because the 2006 strategy is to underfund the non-fleet plan, as described above, 2. Consideraticm of adopting the fina12006 Proper1;y Tax Levies, the 2006 Budgets, the 2006 Fee Rei?jster, and the 2006 Compensation Plan. Report No. 05-271 Resolution No. 05-104, Resolution No. 05-105, Resolution No. 05-106, Resolution No. 05-107, Resolution No. 05-108.