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<br /> ARDEN HILLS TRUTH IN TAXATION PUBLIC HEARING - DECEMBER 4,2006 2 <br /> None, <br /> 6. PUBLIC HEARINGS <br /> A. Truth in Taxation Hearin2: and Presentation <br /> Ms. Wolfe prescnted the Truth in Taxation prescntation. <br /> Councilmember Holden asked if the rates for program recreation fees would increase. Ms. <br /> \-Volfe responded she was not sure, but she would get back to the Council on this, <br /> Councilmember Grant alTived at 6:49 p,m, <br /> Mayor Aplikowski opcned the public hearing at 6:50 p.lll. <br /> Therc werc no commcnts made, <br /> 1\1ayor Aplikowski closed thc public hearing at 6:51 p.m, <br /> Councilmember Larson stated that whcn they last lookcd at the financial management plan, they <br /> looked out long tenn on general and capital cxpenses, He notcd one significant aspect was the <br /> three million dollars thcy anticipated recciving from thc sale of the former City Hall property. He <br /> indicated now that thc buycr had backed out, how this would impact the City for the long-term. <br /> Ms. Wolfe stated thcy had been anticipating 1.8 million dollars from the sale of the old City Hall, <br /> not including park dcdication fees, Shc stated knowing that Council still needed to determine the <br /> allocation of that revcnue, but the fund City sta[f identificd could benelit thc most was the Public <br /> Sa[ety Capital Budget. She notcd they may need to fund the fire station remodel/rebuild by other <br /> means. <br /> Councilmember Larson stated he was concerned with the continuing diminishing fund balance <br /> they had to work with, Hc indicated he did not likc the direction it appeared the City was heading, <br /> J\.ls, Wolfe stated statT would like to use the financialmanagcment plan to talk about fund balancc <br /> policics, which would help them look at the large picture and long term needs, <br /> Mayor Aplikowski asked i[the City Hall, Public Works Building and trucks were paid [or. Ms, <br /> 'Volfe respond cd thcy were all paid for. Mayor Aplikowski noted the tax levy funds received <br /> wcre applicd to the City serviccs, not to cover debt for thcse items, <br /> Councilmember Grant noted the [onner City Hall property was still there and had value and he <br /> was not surc the City's future looked bleak. <br /> Councilmember Larson statcd he did not belicve thc City's futurc looked bleak, but he \Vas <br /> concerned about the decreasing fund balance over time. <br /> 7. NE'V BUSINESS <br /> ?\'one, <br />