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CC_Minutes_2019_0916
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Roseville City Council
Document Type
Council Minutes
Meeting Date
9/16/2019
Meeting Type
Regular
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Regular City Council Meeting <br /> Monday, September 16, 2019 <br /> Page 2 <br /> 6. Items Removed from Consent Agenda <br /> 7. Business Items <br /> a. Joint Meeting with Finance Commission <br /> Finance Chairperson Hodder, Commissioners Reif, Murray and Sagisser were at <br /> the meeting to review the items with the Council. <br /> Chair Hodder reviewed the 2020 City Manager Recommended Budget and Tax <br /> Levy and noted the commission's concurrence in the City Manager's recommen- <br /> dations <br /> Chair Hodder reviewed the Changes in Funding Strategies for the 2020-2039 <br /> Capital Investment Plan and noted the commission's concurrence in the Finance <br /> staffs recommendation. <br /> Mayor Roe explained the city has debt that was incurred in the early 2000's for <br /> the remodeling of city hall and the public works building. The city was paying <br /> approximately $765,000 a year towards that debt, which will be paid off in 2019. <br /> In 2020, the city will no longer be paying that debt. However, that money has <br /> been included in the tax levy each year. When the project was originally ap- <br /> proved, the understanding was that when the city was done paying off the debt, <br /> the debt payment would be removed from the levy. One of the things the Council <br /> has been discussing over the last ten years is the ongoing and future capital needs <br /> for infrastructure repairs and rehabilitation and replacements. One of the strate- <br /> gies the city has been using up to this point has been to apply existing levied <br /> funds for retired debt towards capital needs. This year, the last two funds that it is <br /> being applied to are the pavement management fund and the parks improvement <br /> fund, using the city hall project debt levy. <br /> Mayor Roe noted in the case of the facilities fund, the OVAL funding comes from <br /> state bonding money for which the city is requesting legislative approval.There <br /> are no tax levy dollars going towards that. By making changes to how the city <br /> uses existing levy capacity, the city is not asking taxpayers to pay more in their <br /> taxes to cover those capital infrastructure needs but rather, the city is able to use <br /> funds that are already being paid by taxpayers. The capital replacement funds are <br /> pretty well taken care of with these recommendations and there is actually the <br /> ability in the facilities fund to start looking at reductions in the level of funding <br /> going forward which is an important step to get to in this process. <br /> Mayor Roe thought the only other thing noted at the Finance Commission meet- <br /> ing was that the pavement management fund has been split into the municipal <br /> state aid fund versus the fund that is self-funded and the reason why the balance <br /> does not look the same,because that was shifted a little bit. <br />
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