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CC_Minutes_2014_0616
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7/8/2014 9:20:40 AM
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Roseville City Council
Document Type
Council Minutes
Meeting Date
6/16/2014
Meeting Type
Regular
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Regular City Council Meeting <br /> Monday,June 16, 2014 <br /> Page 13 <br /> Mayor Roe opined that this was his interest in balancing out operations and com- <br /> paring revenue bonds versus rent. <br /> Mr. Miller clarified that borrowing was one approach, or simply paying $800,000 <br /> in cash today, freeing up an additional $60,000 for other City services from that <br /> current rent payment, as well as not requiring interest payments for bond holders. <br /> In general, Mayor Roe suggested that as the City Council looked at the 2015 levy, <br /> they consider calculations on the current tax base and average property value for <br /> single-family residences in Roseville. If there are no changes in the levy in 2015, <br /> Mayor Roe estimated that with those residential market values going up as tax <br /> base proportions were shifted from commercial properties, the average taxpayer <br /> was looking at a 7% increase just from that market value rate increase. Mayor <br /> Roe asked that the City Council and staff be mindful of that; and therefore, was <br /> looking to other areas for funding on a short-term basis to avoid such a huge im- <br /> pact for taxpayers, opining that this would be meaningful from his perspective. <br /> While not suggesting that reserves be depleted down to zero in one year, Mayor <br /> Roe suggested that consideration be given to making things work. Mayor Roe <br /> noted that the City of Falcon Heights had a reserve fund review over time to ad- <br /> dress providing some tax relief as needed. <br /> Specific to the License Center, Councilmember McGehee spoke in support of re- <br /> locating it to city-owned property; and further expressed her support of paying <br /> cash versus bonding which would only increase the City's debt service, opining <br /> that the City had already increased its debt service significantly. While not sug- <br /> gesting that the Center needed to be built immediately, Councilmember McGehee <br /> opined that it would be prudent not to have the License Center not forced to pay <br /> over $60,000 annually in rent and instead allowing it to build up a revenue stream <br /> to build a building and then opening up that additional revenue stream for the City <br /> going forward. <br /> Mayor Roe questioned if the License Center reserve fund could be left as is with- <br /> out making additional contributions, but not making a decision on a building right <br /> away. <br /> Councilmember Etten questioned options discussed to-date. <br /> Councilmember McGehee opined that there were quite a few opportunities city- <br /> wide, including the downstairs of City Hall recently vacated by the Fire Depart- <br /> ment, Fairview Fire Station, or adding onto existing buildings. Councilmember <br /> McGehee opined that it could be made as an addition to one of the new park <br /> buildings, allowing sufficient parking and tying into a current construction pro- <br /> ject. <br />
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