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CC_Minutes_2005_1205
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CC_Minutes_2005_1205
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7/17/2007 9:29:16 AM
Creation date
12/30/2005 9:01:10 AM
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Roseville City Council
Document Type
Council Minutes
Meeting Date
12/5/2005
Meeting Type
Executive
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<br />City Council Regular Meeting - 12/05/05 <br />Minutes - Page 3 <br /> <br />Mr. Miller provided comparisons for budget and levy impacts <br />based on typical home values, as well as incorporating a 15% <br />increase in property valuation based on State legislation and <br />restructuring and revising property values and class changes for <br />commercial and residential properties throughout Ramsey <br />County and the State of Minnesota. <br /> <br />Mr. Miller provided a seven-year cumulative percentage increase <br />comparison (as adjusted for lost state aid) with inflation; as well <br />as a 2005 city tax comparison for metro-area cities with <br />populations of 25,000 - 45,000; based on an average home <br />valuation of$185,000. <br /> <br />Mayor Klausing invited public comment following Mr. Miller's <br />presentation. <br /> <br />Councilmember Ihlan provided clarification of the proposed <br />7.5% proposed Levy increase as a "not to exceed" figure, with <br />the City Council continuing their discussions and negotiations <br />for a smaller Levy increase. Councilmember Ihlan also clarified <br />that the figures presented by staff didn't include the proposed <br />increase in the Housing and Redevelopment Authority (HRA) <br />Levy, and asked staff to respond with the total proposed Levy <br />increase for the General Fund and HRA Levies. <br /> <br />Mr. Miller concurred that the General Fund Levy didn't include <br />the HRA's proposed Levy increase; and that the proposed HRA <br />levy increase represented approximately $6-7 annually on a <br />residential property. <br /> <br />Councilmember Ihlan clarified further that the City Council was <br />the approval body for the HRA Levy; and that it was not a <br />separate taxing jurisdiction. <br /> <br />Council member Kough sought clarification from staff on the <br />City's identified "Tax Reduction Fund," its purpose and amount. <br /> <br />Mr. Miller clarified that the City Council, in approximately 1997 <br />or 1998, had established the Tax Reduction Fund, currently <br />amounting to approximately $2.5 million in principal, as a type <br />
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