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City Counci12008-07-09- 8:20 p.m <br />Minutes of Work Session <br />n ~~ <br />f fo ~ ~ <br />iN l <br />Present were Mayor Capra, Council Members Jeff Paar, Linda Broussard-Vickers, and <br />Michelle Lakso. Also present was Mark Statz of Bonestroo & Assoc. Absent was <br />Council Member Tom Lee, <br />Finance Director John Meyer reviewed the draft budget for 2009. The budget as <br />presented includes debt levy increases for the CSAH 14 Project and results in a modest <br />increase in the tax rate. It is estimated that the levy as proposed would costa $200,000 <br />home about $60 per year. <br />The Council discussed ways in which the City could accumulate funds to do street work <br />in the future. Council member Broussard Vickers suggested that the City find a way to <br />accumulate enough money so that the next time a major street project is needed, the city <br />portion has been set aside so that bonding is needed only for the assessed portion. There <br />also seemed to be consensus that if a surplus remained in the budget at year end, the <br />balance should be reserved in an account for street improvements. <br />The Council members will each go through the budget in detail and submit ideas for <br />possible budget cuts to staff for review. Staff will respond to each of those ideas as to the <br />impact of the suggested cut. Another work session to further discuss the budget was <br />scheduled to follow the next council meeting. <br />The meeting was adjourned at approximately 9:45 p.m. <br />Dallas Larson, Administrator <br />