City Council Minutes 1985 10 01 - Laserfiche WebLink

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PUBLIC COMMENTS None. PROCLAMATION - MENTAL ILLNESS AWARENESS WEEK Mayor Meier proclaimed October 6th thru 12th as Mental Illness Awareness Week. RESOLUTION #21 - ADOPTION OF 1986 BUDGET City Administrator., Terry Hundley, presented for adoption the 1986 Budget for the City of Louisville. The 1.986 Budget proposes expenditures of $11,305,046 from the $11,561,958 in projected revenue. The 1986 Budget also incorporates an increase in the property tax mill levy from the 1984 level of 7.736 mills to the proposed 1985 levy of 9.736 to begin funding city-wide capital improvement projec:ts from city-wide sources of revenue (i.e., property taxes; sales taxes) rather than exclusively from growth fees. Hundley pointed out that on November 5th, 1985, Louisville residents will vote on a ballot initiative which would raise the current 2 cent sales tax to 3 cents if approved. As a consequence, Council may wish to lower the proposed mill levy of 9.736 mills to 8.572 mills (the mill levy consistent with the State's 7~ property tax limitation) if the sales tax initiative passes. Mayor Meier opened the Public Hearing and Rautenstraus verified certification. RESOLUTION #22 - 1986 FUNDS APPROPRIATION ADOPTION OF CAPITAL Leary asked that the Public Hearing be continued to the 15th of October in order to coincide with the Public Hearing on the proposed property tax increase scheduled. for the same date. There were no public comments in favor of or in opposition to Resolution No. 21. Mayor Meier moved that that the Public Hearing for Resolution No. 21 be continued to October 15, 1985. Luce seconded. Unanimous. IMPROVEMENT PROGRAM Hundley suggested to Mayor and Council that Resolution #22 and the adoption of the CIP also be continued to the October 15, 1985, Council Meeting to coincide with the Public Hearing of Resolution No. 21 and the Public Hearing on the proposed property tax increase. 2