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