072485 CC/Finance Comm Min
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CITY OF SHOREWOOD
SPECIAL JOINT MEETING
FINANCE COMMITTE AND
CITY COUNCIL
COUNCIL CHAMBERS
5755 COUNTRY CLUB ROAD
7:30 P.M., July 24,1985
M I NUT E S
CALL TO ORDER
The joint meeting of the Shorewood City Council and the Finance
Committee was called to order by Acting Mayor Shaw at 7:30 P.M.,
July 24, 1985, to discuss the Finance Committee's "Interim
Report".
ROLL CALL
Present: Councilmembers Shaw, Gagne, Stover, Haugen, and
Mayor Rascop - (arrived 8:15 P.M.)
Finance Committee: Steve Frazier, Maria Malooly,
John Bridge, and Mike Fonte
Staff: Administrator Vogt and Finance Director Beck.
FINANCE COMMITTEE REPORT DISCUSSION
The members reviewed and discussed each page of the attached
report. Table #2 of Tax Rates and Expenditures were reviewed
and clarification of figures were made. Delinquent Taxes
and Special and ways of reducing the delinquences were dis-
cussed. The report was also corrected. The actual delinquent
rate is 3% not 20% as stated in the report. Suggestions of
eliminating delinquences by developers may be controlled by
stricter development contracts and withholding issuance of
Building permits until all taxes and specials are current.
The Committee will add - "Management Form of Government" to their
list of areas for recommendation. They feel a Manager Form
may allow the Council more time to deal with more policy making
decisions and have the staff deal with the less complex issues.
Items #5 and #6 were highly supported. Further explanation
of the use of liquor revenue funds were reviewed for the
Finance Committee.
The use of the Contingency fund was agreed upon that it should
be dedicated funds only with specific conditions for use
attached.
The final issue was a review of the budgeting process.
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SPECIAL JOINT MEETING
FINANCE COMMITTEE AND
CITY COUNCIL
- 2 -
JULY 24, 1985
ADJOURNMENT
Council and Committee members thanked one another for their
support and contributions to the financial issues of the City.
The joint meeting was adjourned by Acting Mayor Shaw at
10.30 P.M., July 24, 1985.
Respectfully submitted,
Sandra L. Kennelly
City Clerk
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Mayor Rascop ~