Laserfiche WebLink
City of Centerville <br /> Council Mg Wnutes <br /> SWember 13,2017 <br /> ofion .I 1u �llll,,,,mne era ,,semnd ,d IIIA Co�uined!].r��,r,! u11 �r�10hii r to reuiwiaov th e lour°l <br /> lintit of time earller mrnotioiu miniil diree,� staff"to re o tback o !iu the ac:Iu a.l cost drat'will be <br /> inno.rred. All voted in favor. .Motion Carrle& <br /> Mayor Paar recessedthe meeting for a short r anticipating at the Council would go to the <br /> scheduled r esi . <br /> After a brief break,the meeting was reconvened by Mayor Paar. <br /> In reviewing the planned Work Session that will be occurring this evening, it was noted that a <br /> resolution approving the preliminary levy needed to be approved this evening, in order to <br /> meeting the Truth in Taxation time lines. <br /> Motion by Council member Love- seconded lry Council e ber Montain that the Co ell <br /> ado Now Business item Drove Resolution Ado Preli ina r Tax Le an <br /> se ub ®c earm . . favor o .o arried. <br /> COUNCIL WORK SESSION <br /> 1. Roll Call <br /> Mayor Paan, Council Members King, Love and Montain, Engineer Statz, Attorney Glaser, <br /> Finance Director Paulseth and Interim City Administrator Larson were present. Council <br /> Member Koski was absent. <br /> U. ITEMS OF DISCUSSION <br /> 1. 2018 Proposed <br /> Finance Director Paulseth reviewed with the Council,the proposed budget and levies for 2018. It <br /> was noted that the General and Bond levy combined would increase by 1.89%. Taxes on a <br /> typical home would go up about $85 as a result of the increase, however much of the increase <br /> was due to changes in the fiscal disparity impacts and valuation increases.. <br /> Staff reported that all city funds are in good shape, capital needs are being funded and the street <br /> maintenance program is sustainable. <br /> Bond levies for 2019 and beyond are uncertain due the fact that the land sale for city property on <br /> Commerce Drive has not closed. If that sale goes through, bond levies will go down some. <br /> However, if the sale does not happen, bond levies will need to increase in order to make bond <br /> payments in the interim. On the positive side, outstanding debt has gone down from over $9 <br /> million to around$5 million in about six years. <br /> Page 5 of 6 <br />