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City of Centerville <br /> Council Meeting Minutes <br /> September 13,2017 <br /> Motion by Council member Love, seconded by Council member King to remove the hourly <br /> limit of the earlier motion and directing staff to report back on the actual cost that will be <br /> incurred. All voted in favor. Motion Carried. <br /> Mayor Paar recessed the meeting for a short break, anticipating that the Council would go to the <br /> scheduled Work Session. <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 by Council member Montain that the Council <br /> add to New Business, item 5, "Approve Resolution Adopting Preliminary Tax Levy and <br /> setting public Hearing. All in favor. Motion Carried. <br /> COUNCIL WORK SESSION <br /> I. Roll Call <br /> Mayor Paar, 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 /> II. ITEMS OF DISCUSSION <br /> 1. 2018 Proposed Budget <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 />