Loading...
120103 CC Sp Min . . . . . CITY OF SHOREWOOD CITY COUNCIL SPECIAL MEETING MONDAY, DECEMBER 1, 2003 5755 COUNTRY CLUB ROAD COUNCIL CHAMBERS 7:15 PM MINUTES 1. CONVENE SPECIAL MEETING Mayor Love called the meeting to order at 7: 16 P.M. A. Roll Call Present: Mayor Love; Councilmembers Garfunkel, Lizee, Turgeon, and Zerby, Administrator Dawson; Engineer Brown, and Finance Director Burton Absent: None B. Review Agenda Without objection from the Council, Mayor Love proceeded with the Agenda. 2. TRUTH IN TAXATION PUBLIC HEARING Mayor Love opened the Truth in Taxation Public Hearing at 7: 18 P.M. A. Staff Presentation Administrator Dawson explained the Legislature required cities to hold the annual Proposed Budget and Tax Levy Hearing, known most commonly as the Truth in Taxation Hearing, to gain public comment about the City's proposed 2004 Budget and the general property tax levy and the special tax levy necessary to support it. He further explained action was not allowed on this item by Council this evening, but would most likely take place at the Regular City Council Meeting of December 8, 2003. Finance Director Burton then presented information on the City's property tax distribution for 2004 and reviewed the budget calendar of preparation. She stated the General Fund Budget was expected to increase from $3,719,072 to approximately $3,921,947. Upon review of the proposed revenues for 2004, she stated taxes comprised approximately 86% of the revenues, along with license and permits, and other various revenues. Next, she reviewed the proposed expenditures for 2004, noting the Public Safety facilities would comprise approximately 40% of all expenditures, with the remaining expenses including general government, public works, park and recreation, capital transfers and contingencies. Finance Director Burton stated the tax levy increase was anticipated to be approximately $3,420,229 from $3,156,847 in 2003. She note reasons for the increase included expenditures for the Public Safety Debt Service payments in the form of a Special Levy, and a General Property Tax levy increase of 1.9%. Finance Director Burton briefly summarized the Enterprise Funds, and subsequent proposed budgets for these funds, including Water Operations, Water Debt Service, Sanitary Sewer, Stormwater Management, and Liquor Operations. CITY COUNCIL SPECIAL MEETING MINUTES December 1, 2003 Page 2 of2 . Finance Director Burton stated, in summary, total property taxes on a $326,000 homestead in Shorewood would be approximately $4,379. The City portion of that tax bill would be $970. For that amount of money, residents received a value in City services in the areas of police protection, fire protection, clean drinking water, snow plowing, street maintenance, parks and trails, building inspections, and other City services. Administrator Dawson stated a meeting of the South Lake Minnetonka Police Department (SLMPD) Coordinating Committee had taken place earlier in the day to discuss implementation of "Approach A" as part of the SLMPD Operating Budget proposed for 2004. He noted the proposed budget before Council this evening included a 6.3% increase due to that implementation, which was anticipated to take place on January 1,2004. Mayor Love thanked Staff for all efforts made in preparation and collaboration on the budget presentation. Councilmember Lizee complimented the Finance Department for its fine and thorough budget preparation and presentation by Finance Director Burton this evening. B. Public Hearing Mayor Love noted no one was present this evening to address Council, and no other correspondence had been received on this matter; thus, he closed the Public Hearing at 7:25 P.M. C. Council DeliberationlDecision to Reconvene . Administrator Dawson noted Council would take action on the proposed budget and tax levies at the Regular City Council Meeting of December 8, 2002. 3. ADJOURN Turgeon moved, Zerby seconded, adjourning the Special Meeting of December 1, 2003, at 7:26 P.M. Motion passed 5/0. RESPECTFULLY SUBMITTED, Sally Keefe, Recording Secretary ;" /) '/ .. U~ Woody Love, Mayor .