Loading...
HomeMy WebLinkAbout2008-07-09 CC WS - ApprovedCity Counci12008-07-09- 8:20 p.m Minutes of Work Session n ~~ f fo ~ ~ iN l Present were Mayor Capra, Council Members Jeff Paar, Linda Broussard-Vickers, and Michelle Lakso. Also present was Mark Statz of Bonestroo & Assoc. Absent was Council Member Tom Lee, Finance Director John Meyer reviewed the draft budget for 2009. The budget as presented includes debt levy increases for the CSAH 14 Project and results in a modest increase in the tax rate. It is estimated that the levy as proposed would costa $200,000 home about $60 per year. The Council discussed ways in which the City could accumulate funds to do street work in the future. Council member Broussard Vickers suggested that the City find a way to accumulate enough money so that the next time a major street project is needed, the city portion has been set aside so that bonding is needed only for the assessed portion. There also seemed to be consensus that if a surplus remained in the budget at year end, the balance should be reserved in an account for street improvements. The Council members will each go through the budget in detail and submit ideas for possible budget cuts to staff for review. Staff will respond to each of those ideas as to the impact of the suggested cut. Another work session to further discuss the budget was scheduled to follow the next council meeting. The meeting was adjourned at approximately 9:45 p.m. Dallas Larson, Administrator