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. . .- . .. . . . . .. . . . . . . . .e . MINUTES CITY OF ARDEN HlT.LIi;, MINNESOTA REGULAR CITY COUNCIL MEETING July 25, 1994 6:00 P.M. - City Hall CALL TO ORDERlROLL CALL Pursuant to due call and notice thereof, Mayor Sather called to order the special City Council meeting at 6:00 p.m. Present: Mayor Dennis Probst; Councilmembers Beverly Aplikowski, Dale Hicks, Paul Malone, Dennis Probst. Also present were: Community Planning Coordinator, Brian Fritsinger; Public Works Director, Dan Winkel; City Administrator, Dorothy Person; City Accountant, Terry Post; Park Superintendent, Cindy Severtson; Recording Secretary, Deanne Guebiaoui. Mayor Probst stated that this special meeting is a follow-up discussion of the budget discussion from the Council Work Session July 21, 1994. Post stated that this meeting would focus on the revenue portion of the budget. Since the work session, he was able to obtain market valuation numbers from Ramsey County and net tax capacity data. There has been very modest growth in 1994 market valuations. In years 1992, 1993, there was a decrease in market valuation because of the reduced valuation of industrial and commercial properties in the City. The 1994 valuations presented are as of July 22, 1994, and do not reflect the impact of any pending petition settlements. Mayor Probst asked if these numbers will be certified by the County in September. Post stated that these valuations are not finalized. The valuation is a dynamic, and the County will incorporate many valuation changes during the budget period. The valuation of industrial properties continues to drop, this year by 12.8%, but it is being offset by the 3.1 % valuation increase in residential properties. It has taken the last couple of years for the fiscal disparities pool to reflect the industrial base reduction of prior years. The net tax capacity from industrial properties may actually stabilize next year. The net tax capacity from residential homesteaded property is anticipated to increase by 2 %. The net increase in operating expenditures is approximately 3%. Efforts will be made to limit the net levy to 4.5~. There is approximately $205,000 in the proposed 1995 gross levy to fund future capital items, including new facilities and capital equipment. This compares to the 1994 budget, when there was $125,000 for future facilities. There has been growth in the general fund levy from 1992 to proposed 1995 from $1.4 million to $1.8 million. What is driving this growth is the funding of future capital items and the continued financial commitment to the pavement management program.