City Council Agenda and Packet 1985 11 19

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71. 9 yr .t t qtr + 1 Y •oo orcial/industrial base. 45% is hameowneVie4. • So the property tax means everybody storm its use tax means the consumer pays for the whole - thiaq• .�.•; Pauses stated that a Pr y tax increase i# ,o' short-tune solutiaa and favored lookimq `: alternatives as outlined by Mr. Vollmer. CUenam asked for a clarification as to 'what areal, • the City could do without in the CIP's and what other weans of revenue llr• reason would seek. Towson stated that be would be researching all revenue alternatives and would not necessarily agree that there are RI's not needed. Cusses stated that it was time to get on with many of the needed projects and would definitely favor the proposed property tax increase as the best approach in beginning the Capital Improvement Projects. Mayor Meier moved that the City proceed with the Truth in Taxation Proosss to raise the property tax mi l l levy from 7.731 to 9.734. Luce seoosdsd with an amendment. Laos moved to amendment the motion in that if the 1 cent sales tax increase ballot issue passes at the member 5th, 19t5, General Municipal slectiaa, the City would agree to drop the increase back to the 70 rate of 1.572 mills. Mayor Beier aeooaded the amendment to the motion. ?be amendment was carried. by roll call, Council approved the property tax increase as outlined by the Troth in Taxation Procedure set forth by State Statute and as amended 7-1 with Pausoa voting no RsSOLOTIOII 124 - Tar LSYT FOR 1915 trundle), stated that in order to certify the straw will levy approved by Council, Resolution 1124, Series 1995, must be adopted. The Msolutios levies a tax of 7.73$ mills upon each dollar of the total asaesasd valuatioa and levies a tax of 2 mills ups each dollar of the total assessed valuation for the gampose of defraying sxpanses a! the capital laproveasets aobadol• for aom.tswatiom or 000��pplstios is the fiscal you January 1, IN* and Domeier 31, 1l44. Muteoatraus ate asseletioa 424 iaa its entirety. Mayor Meier moved that deaeolutios 12$ be adopted. Johnson secoeded.