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Regular City Council Meeting Monday,December 3,2018 Page 9 derstanding of the true financial position of the City. One of the things he thought the Council needed to do a better job of is properly accounting for some of the dollars. When the City does have a cash cow as referenced by Councilmember McGehee with regard to the license center, that largely funds other operations. He thought the Council needed to have a better handle on how many dollars are available to help offset and help minimize some impacts elsewhere. He certainly supports the preliminary levy and the two-year approach. Mayor Roe stated he was also one of the supporters of looking at a two-year plan. He noted he would also support a one-year plan so no reserve funds would be used but he was not sure if the residents would be open to paying for that. He thought looking at the two-year approach was the responsible way to do it. It still allows for a reasonable tax levy in 2019 without getting too high, in terms of an increase and he would be in favor of supporting the two-year approach. Councilmember Laliberte thanked the Council for further discussion and if the Council supported staying at the two-year plan, she would also support it. Mayor Roe stated what the City has in place is a policy the Finance Commission recommended and was approved by the City Council to look at the City reserve levels each year and where the City is above the high targets and recognize that those are monies already collected by the taxpayers. If there are needs that the City has that might necessitate a higher levy increase, the City can still consider use of reserves as possible resources to reduce future tax increases; however, he thought the Council needed to be more cognizant of doing that on the Capital side rather than for ongoing operating expenses. McGehee moved, Etten seconded, adoption of Resolution No. 11557 (Attachment A) entitled, "Resolution Submitting the Final Property Tax Levy on Real Estate to the Ramsey County Auditor for the Fiscal Year of 2019." Roll Call Ayes: McGehee, Willmus, Laliberte, Etten, and Roe . Nays: None. McGehee moved, Willmus seconded, adoption of Resolution No. 11558 (Attach- ment B) entitled, "Resolution Directing the County Auditor to Adjust the Ap- proved Tax Levy for 2019 Bonded Debt." Roll Call Ayes: McGehee, Willmus, Laliberte, Etten, and Roe. Nays: None.