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<br />, <br />, <br />,- <br />, <br />I <br />, <br />I <br />I <br />I <br />'e <br />I <br />. <br />, <br />I <br />I <br />, <br />I <br />.e <br />I <br /> <br />ARDEN BTT.r ."l CITY COUNCll. - JULY 25, 1994 <br /> <br />4 <br /> <br />resolved, but she does not see that a survey can be done in the immediate future. <br /> <br />Malone stated that he is comfortable with the 4.95% budget increase. <br /> <br />Mayor Probst asked for the numbers of truth in taxation that will be published and whether <br />they will be certified as the City's maximum on September IS, 1994. <br /> <br />Post answered that the 1995 net levy published would be the gross levy less state HACA aid <br />or 4.95%. It would be staff's recommendation for these numbers to be certified, but will be <br />subject to change once the amounts for HACA and fiscal disparities are finalized. He asked <br />for any Council suggestions or modifications as the detailed budget is being fina Ji7P1f . <br /> <br />Malone stated that he believes the City is on track and commended the staff for keeping the <br />numbers under control. He is comfortable with the 4.95% budget increase. <br /> <br />Mayor Probst asked how much longer the significant amount of commercial tax valuation <br />activity will continue. <br /> <br />Post stated that the number of petitions in the county was down in 1994, compared to 1993. <br />New activity also seems to be slowing down. <br /> <br />Hicks asked if MSI and Land '0 Lakes have gone through revaluation. <br /> <br />Post stated that both taxpayers have successfully petitioned lower market valuations for their <br />industrial property. <br /> <br />Mayor Probst stated that he would like to see that when commercial11Ioperties start to sell, <br />there will be some demonstration of strength with valuations moving up. <br /> <br />Post stated that until that happens, the City is faced with reduced valuations because of <br />previous and pending petition activity. <br /> <br />Hicks asked how many years can be petitioned. <br /> <br />Post stated that peitions must be filed for the current taxes payable year and then go through <br />the appeals process, and the process must be repeated for subsequent years. Appeals must be <br />prompt with filing or miss that valuation year. <br /> <br />Malone asked if they file every year. <br /> <br />Post stated that he is aware of some taxpayers, such as MSI, filing successive petitions. <br /> <br />Mayor Probst again thanked staff for their fine work. <br />