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<br />City Council Regular Meeting - 09/12/05 <br />Minutes - Page 27 <br /> <br />opined that by continually relying on reserves set aside by <br />previous Councils to reduce the current tax burden, it <br />undermined long-term ability to stabilize taxes. Mayor Klausing <br />also noted the favorable bond rates available for the City due to <br />the reserve funds. <br /> <br />Roll Call <br />Ayes: Maschka; Ihlan and Klausing. <br />Nays: Schroeder and Kough <br /> <br />Maschka moved, Klausing seconded, adoption of Resolution No. <br />10331 entitled, "Resolution Adopting the Preliminary 2006 <br />Annual Budget for the City of Roseville," with an aggregate <br />increase $818,105; for a Preliminary 2006 Budget in the amount <br />of$15,039,370; an increase of5.8%. <br /> <br />Mr. Miller advised that revised specific figures could be <br />provided to the City Council at their October Study Session. <br /> <br />Roll Call <br />Ayes: Maschka; Ihlan and Klausing. <br />Nays: Schroeder and Kough. <br /> <br />Maschka moved, Klausing seconded, adoption of Resolution No. <br />10332 entitled, "Resolution Directing the County Auditor to <br />Adjust the Approved Tax Levy for 2006 Bonded Debt, for a <br />decrease of$385,626. <br /> <br />Roll Call <br />Ayes: Maschka; Schroeder; Ihlan and Klausing. <br />Nays: Kough. <br /> <br />10. <br /> <br />Consider Adopting the Preliminary, Not-to-Exceed 2006 <br />Housing and Redevelopment Authority (HRA) Tax Levy <br />HRA Executive Director Cathy Bennett briefly reviewed the <br />HRA's request as formally presented and detailed at the City <br />Council meeting of August 22, 2005. <br /> <br />Mayor Klausing asked Ms. Bennett to briefly review the <br />additional cost of the proposed rental licensing component. <br /> <br />Mr. Bennett reviewed the HRA Proposed 2006 Budget (Fund <br />723); remaining 2005 cash available; proposed program income <br /> <br />Resolution 10333 <br />Preliminary, Not- <br />to-Exceed 2006 <br />HRA Tax Levy <br />