HomeMy WebLinkAbout2007-12-03 Council Special Meeting MINUTES
OF THE SPECIAL MEETING OF THE
EDINA CITY COUNCIL HELD AT CITY HALL
ON DECEMBER 3,2007 AT 5:00 P.M.
ROLLCALL Answering rollcall were Members Bennett, Masica, Swenson and Mayor Hovland.
Member Housh was absent.
TRUTH IN TAXATION PUBLIC HEARING HELD FOR PROPOSED 2008 CITY BUDGET
Pursuant to published notice given; the Edina City Council conducted a public hearing on the
proposed property tax increase in the 2008 Budget for the City of Edina.
Mayor Hovland stated the purpose of the Truth in Taxation hearing would focus on the proposed
2008 City of Edina Budget. The budget review would relate to the monies' source and how they
would be expended on the various functions and services of the City. Residents with questions
relating to the valuation placed on their homes should plan to appear at the Board of Review in
the spring of 2008.
Manager Hughes introduced a short video entitled 14 Reasons Property Taxes Go Up or Down
produced by the League of MN Cities, the Association of MN Counties, and the MN School Boards
Association. Mr. Hughes said filming and technical work on the video was done by Tremendous
Entertainment 2006.
Following the video, Assistant Finance Director Roggeman reviewed the 2008 proposed
expenditures of $30,536.263. He explained this would be an increase of $1,647,597 or
approximately 5.70%. Mr. Hughes noted that $455,641 of the increase represented the first year's
debt service on bonds issued to finance the reconstruction of Fire Station #1. Mr. Hughes said the
City's tax revenues must increase $1,084,841 or 5.18% from 2007 to support the proposed
expenditures.
Public Comment
No one appeared to offer comment.
The Council briefly discussed the relationship between values and property taxes, asked questions
including some about the operation of City Enterprises and reviewed that the final 2008 Operating
Budget would be adopted at the regular meeting of the Council on December 18, 2007.
Member Swenson made a motion to close the Truth in Taxation Hearing. Member Masica
seconded the motion.
Ayes: Bennett, Masica,Swenson, Hovland
Motion carried.
Member Masica made a motion cancelling the December 10, 2007, continuation date for the
2008 Truth in Taxation hearing. Member Swenson seconded the motion.
Ayes: Bennett,Masica,Swenson,Hovland
Motion carried.
Mayor Hovland adjourned the meeting at 5:46 p.m.
Respectfully submitted,
QAy Clerk
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