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09-05-1991 Special Meeting MinutesSTATE OF MINNESOTA A special Meeting of the City COUNTY OF WRIGHT Council of the City of Otsego CITY OF OTSEGO was held this 5TH day of September 1991 at 7:30 PM at the Law Office of Council Member Ron Black in Elk River. Norman F Freske, Mayor, Douro Lindenfelser, Floyd Roden, Larry Fournier and Ron Black, Council Members, Jerome Perrault, Clerk, James Barthel, Treasurer and Elaine Beatty, Deputy Clerk were present. The meeting was called to order by Mayor Norman F Freske , The purpose of the rneeting was to discuss the Budget for 1992 and set the tax levy for 1992 which has to be submitted to the County Auditor by September 6, 1991 (tomorrow AM) . The State Department of Revenue has set a levy limitation of $354,504.00 for 1992 for the City of Otsego. This does not include local government aid from the State which is projected at $32,000.00 for 1992, however, the City stands to loose $21,000.00 of that unless Senator Betty Adkins is successful in introducing legislation to forgive the excess levy penalty for 1991. Using the chart prepared by Jerome Perrault, which shows a breakdown of the expenses for Administration and Road and Bridge purposes for 1989, 1990, and the first six months of 1991, Ron Black prepares an estimate for 1992 which indicated expenses in excess of $530,000. Because the Comprehensive Plan will be completed this year and Hearing and Sub -Division Fees will help Pay the Planner Fees, the expense of the Planner could be considerably less in 1992 than in 1991. Because the Packard Avenue Bond Issue for this year is 75 City funded and the 1985 Bond Issue for Page Avenue ana 1982 Bond Issue for Kadler Ave, 80TH ST and 85TH ST are mostly City Funded, Clerk Jerome Perrault consulted with Attorney Bill Radzwill about the possibility of a Special Levy for Bonded Indebtedness. Mr Radzwill advised him this could be done. Using this and the Levy Limitation as a guideline the Council set the 1992 Tax Levy as follows: REVENUE FUND (GENERAL) $200,000.00 ROAD AND BRIDGE $154,504.00 SPECIAL LEVY FOR BONDED DEBT $ 70 ,000 .00 TOTAL $424,504.00 The City is also required to hold Truth in Taxation Hearings in either November or December of this year. The Council decided to submit the dates of November 13th at 7:00 PM (With a second Hearing, if necessary, on November 21 1991) to the County Auditor for her approval. If the November I3TH date for the First Hearing is not approved, then the November 2157 Date will be submitted for the first Hearing and a second Hearing date chosen within two weeks of the November 21, 1991 Hearing date. on motion, the meeting adjourned. CITY OF OTSEGO SPECIAL CITY COUNCIL MEETING OF SEPTEMBER 5, 1991 A 7:30PM AT RON BLACK'S OFFICE IN ELK RIVER - PAGE 2 - DOUG L°' NDENFELSER, COUNCIL ODEN, COUNCIL RON D G BLACK, COUNCIL LARRY RNI R, .. C FATTEST: JEROME PERRAULT, CLERK JP/EE3 (NOTE: THE NOVEMBER 21, 1991 MEETING DATE WAS SET FOR THE FIRST HEARING FOR THE TRUTH IN TAXATION HEARING, AND A DECEMBER 5, 1991 DATE WAS SET FOR THE ALTERNATE DATE. TIME 7PM EB)