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<br />I <br /> <br />Pursuant to due call and notice thereof, the City Council of the <br />City of Centerville held a special budget meeting on October 24, <br />1988 at City Hall. Mayor L~Allier called the meeting to order at <br />6:30 p.m. Present: Fritchie, Wilharber, Burgstahler, Neumann. <br /> <br />Council member Burgstahler had augges~ed ~he special mee~ing, as <br />in a telephone conversation to the Anoka County Auditor~s Office <br />he found that the City had been given the 1988 assessed valuation <br />for calculation of tax capacity versus the 1989 assessed <br />valuation. The 1989 assessed valuation would enable the City to <br />increase the levy amount, without increasing taxes to the <br />majority of the residents in Centerville. <br /> <br />Burgstahler and the Clerk worked up some examples of comparisons <br />for single homeowners ranging from $50,000 to $125,000 for 1988 <br />mill rate versus 1989 tax capacity rate. A copy of these <br />examples and explanation of tax capacity calculations is on file <br />with the City Clerk. <br /> <br />Burgstahler recommended a $197,000 (tax capacity rate of 23.97%) <br />levy. <br /> <br />I <br /> <br />Motion by Wilharber, second by Fritchie to adopt Resolution # 88- <br />64, that recognizing the need for capital improvements and a City <br />Reserve Fund, the City of Centerville will certify a $204,766 tax <br />levy to Anoka County for 1989, aye: L~Allier, Fritchie, <br />Wilharber, Neumann; nay: Burgstahler. <br /> <br />A $204,766 tax levy should result in a 24.92% tax capacity rate. <br />Using this tax capacity rate and when comparing with the 1988 tax <br />the result on the following value homes could be: <br />-$50,000 tax increase of about $20.00; <br />-$75,000 tax increase of about $15.00; <br />-$100,000 tax decrease of about $29.00; <br />-$125,000 tax decrease of about $22.00. <br />It is understood that the increase and decrease of the above <br />properties is by nature of the way the State has calculated tax <br />capacity rates and not by direct action of the City Council. <br /> <br />Motion by Fritchie, second by Burgstahler to adjourn the meeting, <br />motion carried unanimously. Meeting adjourned at 7:00 p.m. <br /> <br />Respectfully submitted, <br /> <br />it~i~:d~-,tli <br /> <br />Clerk/Administrator <br /> <br />I <br />