2022.01.11 CC Packet - Laserfiche WebLink

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December 14, 2021 Page 4 of 6 budgets and 2022-2031 CIP. Mayor Niedfeldt-Thomas requested staff provide the Council with comparisons to neighboring cities for the CIP. Councilmember Dunsworth stated this was one of the best budgets the Council has seen. She believed it was thoughtful and responsible. She thanked staff for all of their hard work on this. Councilmember Allen agreed this was a strong budget that sets the City up for long-term success. He appreciated the fact the City had included a DEI Coordinator in the 2022 budget. He then discussed the programs that were available to assist homeowners with property taxes. Councilmember Abdulle indicated this budget speaks to the Council’s values and commitments for the future. He appreciated the City’s investments in DEI and parks. Motion by Councilmember Dunsworth, seconded by Councilmember Abdulle to adopt the Resolution Adopting the Final 2022 Budgets for a total of $32,834,000 and the 2022 – 2031 Capital Improvement Plan (CIP) in the amount of $112,861,700. 5 Ayes, 0 Nays-Motion Carried 3. Consider Resolution Adopting the Final 2022 Tax Levy for the Lake Diane and Bicentennial Pond Storm Sewer Taxing Districts. Public Safety Director Paetznick indicated Finance Director Foschi would be presenting this item to the Council. Finance Director Foschi stated the City has established Storm Sewer Improvement Taxing Districts within the City for Lake Diane and Bicentennial Pond. 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 Public Works Department works with the residents of each district to determine specific projects and courses of action. The costs involved are recovered by levying tax on all taxable properties within the district. The City has adopted similar tax levies for both districts for several years. Motion by Councilmember Dunsworth, seconded by Councilmember Allen to Approve the Resolution Adopting the Final Tax Levies for Taxes Payable in 2022 for Lake Diane and Bicentennial Pond Storm Sewer Improvement Taxing Districts for $3,750 and $2,100. 5 Ayes, 0 Nays-Motion Carried 4. Consider Resolution Establishing the Utility Rates and Charges for 2022. Public Safety Director Paetznick indicated Finance Director Foschi would be presenting this item to the Council. Finance Director Foschi stated an analysis of the City’s water, sewer, stormwater and street light enterprise operations and their respective capital improvement plans has been completed. The focus of the analysis is to ensure the determination of revenues, expenses and net income is appropriate for operations, capital maintenance and replacement. The City’s water, sewer, stormwater and streetlight enterprise operations are each accounted for in their own separate and distinct fund. Each fund/operation has been established to be financially independent. The revenues of each fund are designed to cover its operating costs, capital maintenance and replacement. Rates are adjusted in accordance with costs. The rate setting process is intended to provide for gradual annual adjustments whenever possible, focusing on the long‐term strategy. Each year assumptions are reviewed and adjusted, as necessary. The long‐term plan then reflects the most current assumptions and financial conditions. Budgets and 2022-2031 CIP. 3. Consider Resolution Adopting the Final 2022 Tax Levy for the Lake Diane and Bicentennial Pond Storm Sewer Taxing Districts. 4. Consider Resolution Establishing the Utility Rates and Charges for 2022.