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Truth-in-Tazation Hearing and Regular City Council Meeting Monday, December 03, 2007 Page 17 Further discussion included recycling rate increases as proposed, revenue sharing, and application of that revenue sharing to lower rates already, and additions of multi-family units. Public Comment John Kysylyczyn, 3083 N Victoria Street Mr. Kysylyczyn questioned staff's rationale for increasing the recycling program rates by $10,000 overall; based on his perception of past action and projected revenue sharing by designating Eureka as the City's contractor. Mayor Klausing requested that staff research the records regarding past Council action and rationale on Eureka and the glass market. Councilmember Ihlan asked staff to include information on the amount of revenue sharing being collected and how it was being applied to reduce rates for taxpayers and users of the program. Roe moved, Pust seconded, adopted Resolution No.10575 entitled, "Resolution Establishing the 2008 Utility Rates;" as detailed in Attachment A." Roll Call Ayes: Kough; Roe; Ihlan; Pust; and Klausing. Nays: None. e. Consider Authorizing the Disposition and Transfer of Monies from the Taz- payer Reduction Fund Finance Director Chris Miller presented information previously expressed by Councilmembers in strengthening the City's General Fund and the parks & Rec- reation Fund reserve levels by permanently transferring the monies available in the Taxpayer Reduction Fund, approximately $1.9 million. Discussion included how to allocate funds, with Mr. Miller recommending that the General Fund be brought to target levels first, in consideration of the scrutiny of the bond market. Further discussion included whether transferred funds would be restricted, with Mr. Miller clarifying that they would not be restricted. Pust moved, Roe seconded, adopted Resolution No. 10576 entitled, "Resolution Transferring Monies from the Taxpayer Reduction Fund to the General and Parks & Recreation Funds; and Abolishing the Taxpayer Reduction Fund;" amended, beginning at line 117, to correct the numbering from "4, 5 and 6" to "1, 2 and 3." Roll Call Ayes: Kough; Roe; Ihlan; Pust; and Klausing. Nays: None.