HomeMy WebLinkAbout19991206_specialMINUTES
OF THE SPECIAL MEETING OF THE
EDINA CITY COUNCIL HELD AT CITY HALL
ON DECEMBER 6,1999 AT 5:OO P.M.
ROLLCALL Answering rollcall were Members Kelly, Johnson, and Mayor Maetzold.
BUDGET Pursuant to published notice given, the Edina City Council conducted a
public hearing on the proposed property tax increase in the 2000 Budget for the City of
Edina, as mandated by Chapter 375, Laws of Minnesota 1993.
Mayor Maetzold stated the purpose of the Truth in Taxation hearing would focus on
the proposed 2000 City of Edina Budget. The budget review relates to the monies'
source 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 2000.
City Manager Hughes reviewed the 2000 proposed expenditures of $19,268,154. He
explained this would be an increase of $741,320 of approximately 4.0%. Tax revenues
must increase $415,1 96 or 3.17% from 1999 to support the proposed expenditures. It
was noted that the City of Edina receives 14% of the property tax bill, with 46% going to
local school, 33% going to Hennepin County and 7% to other taxing entities.
Major changes in the 2000 budget were reviewed and the property tax impact on both
residential and commercial property discussed.
Public Coment
Mayor Maetzold asked if any of the three citizens in attendance or Representative
Erhardt had comments. No one spoke.
Member Johnson made a motion, seconded by Member Kelly to close the hearing
and adjourn the meeting at 5:25 p.m.
TRUTH IN TAXATION PUBLIC HEARING HELD FOR PROPOSED 2000 CITY
I
Ayes: Johnson, Kelly, Maetzold
Motion carried.