CCP 07-25-1994 - Laserfiche WebLink

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. ARDEN HILLS CITY COUNCIL - JULY 25, 1994 4 resolved, but she does not see that a survey can be done in the immediate future. Malone stated that he is comfortable with the 4.95% budget increase. Mayor Probst asked for the numbers of truth in taxation that will be published and whether they will be certified as the City's maximum on September 15, 1994. Post answered that the 1995 net levy published would be the gross levy less state HACA aid or 4.95%. It would be staffs recommendation for these numbers to be certified, but will be subject to change once the amounts for HACA and fiscal disparities are finalized. He asked for any Council suggestions or modifications as the detailed budget is being finalized. Malone stated that he believes the City is on track and commended the staff for keeping the numbers under control. He is comfortable with the 4.95% budget increase. Mayor Probst asked how much longer the significant amount of commercial tax valuation activity will continue. Post stated that the number of petitions in the county was down in 1994, compared to 1993. New activity also seems to be slowing down. . Hicks asked if MSI and Land '0 Lakes have gone through revaluation. Post stated that both taxpayers have successfully petitioned lower market valuations for their industrial property, Mayor Probst stated that he would like to see that when commercial properties start to sell, there will be some demonstration of strength with valuations moving up. Post stated that until that happens, the City is faced with reduced valuations because of previous and pending petition activity. Hicks asked how many years can be petitioned. Post stated that peitions must be filed for the current taxes payable year and then go through the appeals process, and the process must be repeated for subsequent years. Appeals must be prompt with filing or miss that valuation year. Malone asked if they file every year. Post stated that he is aware of some taxpayers, such as MSI, filing successive petitions. . Mayor Probst again thanked staff for their fine work.