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CC_Minutes_2011_0912
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10/11/2011 11:42:01 AM
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Roseville City Council
Document Type
Council Minutes
Meeting Date
9/12/2011
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Regular City Council Meeting <br /> Monday, September 12, 2011 <br /> Page 21 <br /> c. Consider Resolutions Related to Adopting the Preliminary 2012-2013 Not-to- <br /> Exceed Levy <br /> Mayor Roe clarified that tonight's action was for a preliminary, not-to-exceed <br /> levy, but the budget could be revised. Mayor Roe further clarified that it was <br /> prudent to note that, at the time this preliminary levy was being set, public hear- <br /> ings on approved bond issues had yet to occur; and suggested that the City Coun- <br /> cil take this into consideration in their deliberations as they considered a not-to- <br /> exceed levy. <br /> Finance Director Miller clarified that, if the City Council chose to issue the bonds <br /> in 2011, the levy could be increased above and beyond what was set tonight. <br /> However, in looking at the timing for a bond issue, Mr. Miller advised that he <br /> wasn't sure if the issue would be ready to proceed until 2012; and more than like- <br /> ly, he anticipated that the repayment structure would come on line in 2013 and be <br /> addressed during next year's 2013 budget discussions. <br /> Councilmember Johnson clarified that there was no concern or bearing on taking <br /> possession of bond money and using it in 2012; with Mr. Miller concurring. <br /> Mayor Roe clarified that Mr. Miller's recommendation was to not include the <br /> bond issues in the levy at this point, to which Mr. Miller responded affirmatively. <br /> At the request Mayor Roe, City Manager Malinen briefly summarized the RCA <br /> dated September 12, 2011 and requested action, based on actions taken to-date <br /> during budget discussions and rankings. Mr. Malinen advised that this included <br /> his most recent recommendation to the City Council, based on state changes in <br /> eliminating the Market Value Homestead Credit (MVHC) to split those proceeds <br /> to restore some of the reductions and eliminations in the previous iteration based <br /> on a City Council directive for a 3.4% levy increase. Mr. Malinen opined that it <br /> was prudent to retain that proposed level of increase for the preliminary, not-to- <br /> exceed levy as the City Council and staff continued to refine the final budget over <br /> the next three (3) months prior to adoption of the final budget and levy in Decem- <br /> ber. Mr. Malinen recognized the concerns of the City Council for funding the <br /> Capital Improvement Program (CIP) and Park Improvement Program (PIP); and <br /> opined that by retaining the higher levy increase, and combined with his previous <br /> recommendations, it would provide a sufficient cushion until it was determined <br /> how to best address those issues. <br /> Councilmember Pust noted that, on line 2 of the memorandum (lines 43-50), she <br /> was having difficulty tracking numbers from past iterations; opining that she was <br /> sure the public was having trouble tracking them as well; and asked that Finance <br /> • <br /> Director Miller provide a quick rundown for each specific line. <br />
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