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Regular City Council Meeting Monday, October 17,2011 Page 2 noted that this request, provided as a bench handout attached hereto and made a part hereof, was requesting City staff to prepare a fact sheet of estimated financial impacts of current proposals before the City Council and as related to the 2012 budget. Mr. Grefenberg asked that this information be provided by staff prior to the Octo- ber 24, 2011 Public Hearing related to the proposed bond issue for proposed park improvements and a new fire station; and sought further clarification whether public comments at that hearing would be strictly focused on the merits of the bonding proposals. Mayor Roe advised that the Public Hearing was for the purpose of the City's in- tent to issue bonds, and comments would preferably be confined to the City's use of its Port Authority to issue the bonds. However, Mayor Roe advised that, while several public comment opportunities would be provided in November prior to the City's adoption of its final budget and levy in December, if the comments were related to the bond issue and its impacts to the budget they could be heard on October 24, 2011. Councilmember McGehee questioned if Mr. Grefenberg hadn't also previously requested information on impacts of the reduced Market Value Homestead Credit (MVHC) and if he didn't wish to add this to his formal written request. Mr. Grefenberg, from his personal perspective, advised that he would leave that up to the City Council for a response, since he kept getting mixed messages as to how and/or if the MVHC impacted Roseville residents. At the request of Councilmember McGehee, City Manager Malinen advised that the MCHC may impact Roseville taxpayers, but that it was hard to determine at this time until all values were finalized by Ramsey County, allowing City staff to only be able to make an estimate at this time. Councilmember McGehee referenced a recent article in the Minneapolis Star/Triune spelling out MVHC in general; and further questioned why this re- quested information had not already been provided by staff this week. City Manager Malinen advised that staff was working on compiling the requested information; and anticipated that it would be available by Wednesday of this week. Mayor Roe suggested that instead of attempting a date certain, Wednesday of next week be used as the intended date. Mayor Roe briefly summarized the legislation and calculations used in determining MVHC and recent legislation enacted during the Special Session earlier this year. Mayor Roe advised that further discussions on any impacts of MVHC would occur as the 2012 budget process continued.