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ARDEN HILLS CITY COUNCIL – SEPTEMBER 10, 2018 6 Finance Director Bauman stated State law requires that cities certify their proposed property tax levies to the county auditor by September 30th. The proposed tax levy that is given preliminary approval may be lowered but cannot be increased. Therefore, it is important that the proposed tax levy provides adequate revenues to finance the 2019 Budget. The City Council needs to decide the maximum levy that it is willing to approve and then adopt. The final levy will be set in December 2018. It was noted a budget workshop was held with the Council on August 20, 2018. Staff provided a brief presentation on the preliminary levy and noted staff was not directed to make any changes to the proposed 2019 General Fund Budget at this time. The effect the levy would have on the median value home was reviewed with the Council. It was noted there will be another budget workshop in either October or November, prior to the final levy and budget adoption meeting in December. Mayor Grant asked how revenues were coming in for 2018. Finance Director Bauman reported revenues were going to come in higher than projected. Mayor Grant questioned how the Council wanted to proceed with the Preliminary Levy. Councilmember Holden stated she could support a 5% preliminary levy increase. Mayor Grant commented he could support a 4.5% preliminary levy increase. Councilmember Holmes supported a 5% preliminary levy increase. Councilmember Scott indicated he supported a 5% preliminary levy increase as this offered more flexibility noting the Council could always lower this amount. Councilmember McClung explained the consensus was to move forward with a 5% preliminary levy and noted he would be advocating for decreases prior to December. MOTION: Councilmember Holmes moved and Councilmember Holden seconded a motion to adopt Resolution #2018-056 Setting the Preliminary Levy of 5% for Taxes Payable in 2019. The motion carried (5-0). MOTION: Councilmember McClung moved and Councilmember Holmes seconded a motion to adopt Resolution #2018-057 Approving the Truth in Taxation Public Hearing Date for Proposed Taxes Payable in 2019. The motion carried (5-0). E. Resolution 2018-058 Accepting Bid and Awarding Old Snelling Bridge Replacement Project Contract to Veit & Company, Inc. Public Works Directory/City Engineer Polka stated on July 9, 2018, the City Council authorized Kimley-Horn to complete the plans and move forward with bidding the bridge project. Bids were opened on Tuesday, September 4, 2018. There were a total of four bids received. The following table lists the bidders name and their total bid: