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