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Regular City Council Meeting Monday,August 25, 2014 Page 28 no problem showing that information on this document, since the onus would then be on the City Council to have this discussion during the annual budget cycle; and therefore stated that he would support the motion. Councilmember Laliberte stated that she found the idea of a property tax relief fund as proposed very amenable, as it was very transparent and would be con- sistent to move funds in accordance with the Finance Commission's policy rec- ommendation, and if there were excess funds, they should be clearly transparent and contained within one fund for the purpose of tax relief; and therefore she was comfortable in retaining the statement on this document. Councilmember Laliberte expressed her interest in a transparent policy statement for the benefit of the public to show how and when those funds can be used, turned around or re- funded. Councilmember McGehee concurred with the comments of Councilmembers Willmus and Laliberte, opining they were similar to what she had stated. For the most part, Councilmember McGehee stated that she had no problem with the in- tent of the document; however, she did oppose the motion as stated specifically for property tax relief, since a property tax relief fund was a policy statement, and the body had yet to whether excess reserve funds would be used to cover CI shortfalls. Without a specific policy laid out, Councilmember McGehee opined that it would be too easy from one budget cycle to another to change directions; and until a policy was adopted incorporating the three recommendations of the Finance Commission, she found it premature, even though she agreed in general to the intent, but found the matter of semantics problematic. Mayor Roe clarified that this document and the aggregate reserve line was only a line on a table, and not powerful enough to force the City Council to commit to use of 100% of reserves for property tax relief; and further clarified that it was never intended as such. However, Mayor Roe opined that the three options pro- vided by the Finance Commission were not part of this document, but would be another action, and now showing on this chart. Roll Call (Motion incorporating aggregate reserve note) Ayes: Willmus, Laliberte and Roe. Nays: Etten and McGehee. Motion carried. c. Review Housing Redevelopment Authority Levy Request for 2015 Community Development Director Paul Bilotta briefly reviewed the HRA Levy Request for 2015, as detailed in the RCA dated August 25, 2014, and bench handout providing a notated comparison 2014 and 2015 budget for Fund 723. The HRA adopted their preliminary levy by resolution at their August 19, 2014 prior to this presentation to the City Council; seeking a maximum levy of