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HomeMy WebLinkAbout19961204_specialMINUTES OF THE SPECIAL MEETING OF THE EDlNA CITY COUNCIL HELD AT CITY HALL ON DECEMBER 4,1996 AT 5:OO P.M. ROLLCALL Answering rollcall were Members Maetzold, Paulus, Smith and Mayor Richards. Member Kelly entered the meeting at 5:03 p.m. Mayor Richards announced a special meeting of the Housing and Redevelopment Authority had been called for Monday, December 9,1996 at 5:OO p.m. in the Managers Conference Room. The purpose of the meeting is to discuss the south portion of the Centennial Lake Development. TRUTH IN TAXATION PUBLIC HEARING HELD FOR PROPOSED 9997 CIN BUDGET. Pursuant to published notice given, the Edina City Council conducted a public hearing on the proposed property tax increase in the 1997 Budget for the City of Edina, as mandated by Chapter 375, Laws of Minnesota 1993. Mayor Richards stated the purpose of the Truth in Taxation hearing would focus on the proposed I997 City of Edina Budget. The budget review relates to where the monies come from and how they are 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 April of 1997. Mayor Richards explained that the Minnesota legislature determines the tax rate structure of residential property. In addition, Mayor Richards explained that Council would not adopt the City’s final property tax levy and final budget at the hearing but at a subsequent Council meeting. The Budget process began with the formulation of budget assumption at a series of meetings in July. After reviewing the budget assumptions Council directed staff to come back with a detailed draft budget broken down by departments. He stated that the proposed 1997 Budget totals $1 7,079,679 and represents a 3.49% increase or $575,389 over the 1996 Budget. I Mayor Richards noted receipt a letter from Ian Pearson protesting the property tax increase. He also noted no citizens were present to speak and stated the Council would wait until 5:15 p.m. in case someone came in to address the Council. Member Maetzold made a motion to close the public hearing on the proposed 1997 City Budget and that adoption be on the Council Agenda for December 26,1996. Member Smith seconded the motion. Ayes: Kelly, Maetzold, Paulus, Smith and Richards Motion carried. There being no further business on the Council Agenda, Mayor Richards adjourned the meeting at 5:16 P.M.