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ARDEN HILLS CITY COUNCIL—December 14, 2009 18 C. Approve the 2010 Capital Improvement Plan (CIP) as Presented in the Amount of$3,105,335 Adopt Resolution 2009-040* a Resolution Adopting the Proposed 2010 Budget in the Amount of$11,262,180 Adopt Resolution 2009-041; a Resolution Setting the Final Levy for Taxes Payable in 2010 in the Amount of$3,057,666 Finance Director Iverson stated at the May 18, 2009 work session, Council provided Staff with guidelines to initiate work and prepare a Preliminary 2010 Budget. At this meeting, the Council provided Staff with general guidelines and based on these guidelines, a draft Preliminary Budget was presented at the August 17, 2009 work session and a subsequent work session on November 16, 2009 for discussion. The current version of the budget reflects the changes discussed at those work sessions. On September 14, 2009, the Council adopted a preliminary Tax Levy in the amount of $3,057,666. The County received the certification notice. The City held a Truth-In-Taxation hearing tonight as part of the public information process according to Minnesota State Statues. After the adoption of the final budget and the final levy on December 14, 2009, the City will certify the final levy amount to the County before the end of the year. As part of the annual budget and levy adoption process, the Council is also asked to approve the 2010 Capital Improvement Plan (CIP). The 2011-2014 CIP will be reviewed at the January work session and brought forward to the last .meeting in January for approval to be included in the budget submission for the GFOA and serve as a plan to calculate the long-range financial plan and analysis. Only the 20 10 plan is included in the budget amounts for 20 10. Councilmember McClung stated other than eliminating a position, which was not going to be filled anyway, and using real numbers for insurance benefits, the City did not really look at making any cuts to the budget. Finance Director Iverson stated the recording secretary amount was reduced by $3,000 and Northwest Youth and Family Services was reduced by $3000. Councilmember McClung clarified that out of a $3,000,000+ budget the City basically cut $6,000. As Councilmember Grant pointed out, in a year when there is deflation, the City is proposing an increase in the levy. Finance Director Iverson stated that these cuts were from the preliminary proposed budget. The budget was decreased more because the Market Value