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09/12/1996 - City Council SpecialAGENDA SPECIAL CITY COUNCIL MEETING Thursday September 12, 1996 5:00 p.m. I. ROLL CALL & ADOPTION OF AGENDA II. VISITORS TO BE HEARD III. CANVASS OF BALLOTS IV. TRUTH IN TAXATION PUBLIC HEARING DATES/ CITY COUNCIL MEETING DATES V. PRELIMINARY 1997 GENERAL FUND OPERATING BUDGET VI. CERTIFICATION OF PROPERTY TAX LEVY VII. OTHER BUSINESS VIII. ADJOURNMENT FROM: DATE: eagan HONORABLE MAYOR & CITY COUNCILMEMBERS CITY ADMINISTRATOR HEDGES SEPTEMBER 6, 1996 MEMG R SUBJECT: SPECIAL CITY COUNCIL MEETINGITHURSDAY, SEPTEMBER 12, 1996 A Special City Council meeting is scheduled for Thursday, September 12, 1996, at 5:00 p.m. to: 1) canvass the September 10 election returns and 2) ratify a levy certification for truth -in -taxation, set public hearing dates for truth -in -taxation and approve the preliminary general fund operating budget as presented at the September 3 regular City Council meeting. P`-�o CANVASS OF BALLOTS The City Clerk will present the results of the September 10 park bond referendum. ACTION TO BE CONSIDERED: To approve the election returns for the September 10 park bond referendum. TRUTH IN TAXATION PUBLIC HEARING DATES/CITY COUNCIL MEETING DATES As previously stated at worksessions held on August 26 and September 3 and at the regular City Council meeting on September 3, the dates recommended for the truth -in - taxation hearings are as follows: Wednesday, December 4, will be the first regular City Council meeting and truth -in - taxation hearing; Wednesday, December 11, will be the date for the continuation hearing; and Monday, December 16, at the regular City Council meeting will be the subsequent IL'V hearing for ratification of the property tax levy and 1997 general fund operating budget. ACTION TO BE CONSIDERED: To ratify all three dates as presented to comply with the truth -in -taxation public hearing process and to change the December regular City Council meeting dates. PRELIMINARY 1997 GENERAL FUND OPERAT G BUDGET There were budget adjustments made at the August 26 and September 3 work sessions pertaining to the general fund operating budget. Those changes are as follows: Budget presented at August 26 worksession Reduce contingency ($150,000) Reduce '/Z clerical position/Engineering (16,300) Reduce capital for furniture (32,900) Increase salary Mayor & Council 3,300 Reduce Economic Development Partnership (4,500) Reduce clothing/building inspectors (600) Reduce Cable TV capital (18.100) Total Net Reduction ($219,100) Budget as modified after August 26 and $16,171,200 $15.952.100 September 3 worksessions *Cable budget does not affect the property tax levy, however, it will reduce an equal revenue amount from franchise fees. ACTION TO BE CONSIDERED: To approve the "preliminary" general fund operating budget with the understanding that any further modifications (increases or decreases) will adjust the contingency until the final public hearing is held in December. CERTIFICATION OF PROPERTY TAX LEVY The Director of Finance will prepare the final property tax certification based on the budget revisions for consideration on Thursday, September 12. Those calculations will be performed over the next several days,. The results of the budget adjustments on the tax capacity rate and the impact on various property will be shown. ACTION TO BE CONSIDERED: To approve the levy certification for purposes of calculating the truth -in -taxation notices. /S/ Thomas L Hedes City Administrator