HomeMy WebLinkAboutCity Council - 12/06/2004 - Truth in Taxation APPROVED MINUTES
TRUTH-IN-TAXATION HEARING
EDEN PRAIRIE CITY COUNCIL
MONDAY,DECEMBER 6, 2004 5:30 PM, CITY CENTER
Council Chamber
8080 Mitchell Road
CITY COUNCIL: Mayor Nancy Tyra-Lukens, Councilmembers Sherry Butcher,Ron Case,
Jan Mosman, and Philip Young
CITY STAFF: City Manager Scott Neal, Parks & Recreation Director Bob Lambert, Public
Works Director Eugene Dietz, City Planner Michael Franzen, Finance Director Sue Kotchevar,
City Attorney Ric Rosow and Council Recorder Theresa Brundage
I. ROLL CALL/CALL THE MEETING TO ORDER
Mayor Tyra-Lukens called the meeting to order at 5:30 p.m. Councilmember Butcher was
absent.
II. PLEDGE OF ALLEGIANCE
III. PUBLIC HEARING
A. OVERVIEW OF 2005 PROPOSED BUDGET AND TAX LEVY
Kotchevar presented an overview and summary of the proposed budget and tax
levy. She explained that the General Fund budget is $32.4 M and total property tax
levy is $27 M vs. $26 M, a 3.6%increase over 2004.
Neal said this meeting was held voluntarily last year,but is required this year. He
said the purpose is to provide citizens and the City Council a chance to comment on
the budget that is scheduled for approval at the December 21, 2004 meeting.
The City property tax impact for the median value ($310,000) home would be
$943, a proposed increase of$34 or 3.7%. City property tax for apartment
buildings and commercial buildings would decrease .40% and 3.05% respectively.
Kotchevar said the total property tax, including Hennepin County, ISD 272 and
other,would involve an increase of$109 or 3.3% for residential properties;
decrease of$291 or.42% for apartment properties; and decrease of$2,536 or
3.66%for commercial properties. She explained that these figures do not include
the school board referendum that passed in November.
TRUTH IN TAXATION HEARING
December 6,2004
Page 2
Kotchevar showed pie charts of property tax distribution for the median value
home as well as commercial/industrial properties. She showed General Fund
revenues and expenditures and explained that most of the expenditures are due to a
wage and benefit program for 300 employees and also the addition of a new fire
department and its fire fighters. She showed monthly cost of city services as well as
budget and objectives for the Utility Fund and Liquor Enterprise.
B. PUBLIC COMMENT AND DISCUSSION
There were no comments from the public.
IV. CLOSE OR CONTINUE PUBLIC HEARING
MOTION: Young moved, seconded by Mosman, to close the Public Hearing. Motion
carried 4-0.
V. ADJOURNMENT
MOTION: Case moved, seconded by Mosman, to adjourn the meeting. Mayor Tyra-
Lukens adjourned the meeting at 5:44 p.m.