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<br />Mr. March noted checks were cut for the developer and landowner for 90% of the <br />amounts paid. He indicated he is proposing a compromise for all parties <br />involved. <br /> <br />Council Member Broussard Vickers asked if the pay back would be a percentage <br />of the value or a dollar amount. Mr. March indicated the property owners were <br />under the understanding it would be a dollar amount. <br /> <br />Mr. March explained two (2) payments had been made to Northern Forest <br />Products. He indicated the City is looking to do a tax abatement for one (1) year <br />to give Paul McDowell the incentive to expand his current building. Mr. March <br />stated Mr. McDowell is not in favor of this as it would keep the City running his <br />business. <br /> <br />Mr. March then stated he would like to see Mr. McDowell expand his building <br />and approve the tax abatement with no strings attached. He noted the City is <br />hoping to modify the two (2) notes and go to a closing with Mr. McDowell in <br />September to allow the owner increased incentives. Mr. March noted that <br />Northern Forest Products has created jobs and runs a clean operation within the <br />City. He noted the City is willing to abate up to $25,000 as a maximum based on <br />the size of the addition constructed on the property. <br /> <br />Council Member Nelson noted she was in favor of the proposal as it would <br />benefit the City in the long run. She indicated this was a win win situation for all <br />those involved. <br /> <br />Motion by Council Member Nelson. seconded by Council Member Broussard <br />Vickers to approve Resolution 00-16 regarding the tax abatement for <br />Northern Forest Products. All in favor. Motion carried unanimously. <br /> <br />2001 Draft Budget <br /> <br />Mr. March indicated that by September 15,2000 the levy amount would need to <br />be set by the City. He stated the City's gross tax capacity was roughly <br />$2,000,000, which was $400,000 higher than the previous year. Mr. March <br />explained this allows the City greater spending power for future years. <br /> <br />Mr. March noted the City could levy 1,200,000 at the current tax capacity rate <br />without raising taxes. He indicated he felt this was the consensus of the Council <br />at this time due to the increase in the tax base. <br /> <br />Mayor Wilharber asked if the levy limits were still in place by legislature. Mr. <br />March indicated the legislature did eliminate the levy limit increase amounts for <br />next year. <br /> <br />Mr. March reviewed the assumptions for 2001 as it related to the budget. He <br />indicated the number of building permits is anticipated to decrease in turn <br />decreasing revenues. Mr. March noted that police costs would increase for 2001 <br />while the aid to small governments would decrease to $45,000. <br /> <br />6 <br />