City Council Minutes 09-13-2021 SpecialMINUTES
SPECIAL MEETING MONTICELLO CITY COUNCIL
Monday, September 13,,2021 — 5 p.m.
North Mississippi Room, Monticello Community Center
Present: Lloyd Hilgart, Jim Davidson, Brian Hudgins, and Sam Murdoff
Absent: Charlotte Gabler
Others: Rachel Leonard, Sarah Rathlisberger, Angela Schumann, Matt Leonard, Ron
Hackenmueller, Tom Pawelk, Tracy Ergen, Mike Mossey, Jim Thares, and Jennifer
Schreiber
1. Call to Order
Mayor Hilgart called special meeting to order at 5 p.m.
2. Preliminary Levy Discussion
Sarah Rathlisberger, Finance Director, provided a final review of the 2022 budget and
levy. The preliminary levy is planned to be adopted on September 27, 2021. Ms.
Rathlisberger noted that Xcel Energy's Tax Capacity decreased by 7%. This means the
city property tax from the plant is going to decrease by 4%. Mayor Hilgart indicated that
he would like a meeting with the County Assessor to better understand the valuation
process.
There was also discussion about calling the remaining balance of the 2014A bonds early.
The call date is December 15. This would lower the general obligation debt outstanding
and reduce the annual debt levy by over $500,000. Calling this bond early would free up
approximately $4 million to bond for future projects.
3. Chelsea Commons Discussion
Rachel Leonard, City Administrator, gave a presentation on the proposed project items,
including a summary of staff's approach to implementing the vision, financial tools and
land use tools to achieve the goals of the project.
There was discussion about project costs and the impact on taxpayers. Project costs
below $5.5 million won't directly impact the taxpayer. There was discussion on the
projected taxable market value. Mayor Hilgart expressed that he thought the projected
taxable market value would be higher than the $122.4 million with full build -out.
Councilmember Murdoff questioned the market value of the property if the City didn't
proceed with the project. Angela Schumann, Community Development Director, noted
that she will contact Tammy Omdahl for a projected market value of the property with
the commercial zoning status.
Councilmember Hudgins requested information not only on cost to build but also the
cost to maintain. It was noted that the information will be provided at the September 27
meeting as part of the Chelsea Commons Small Area Plan. Rachel Leonard commented
that there will be a breakdown of costs of what would be included if the City bonded for
$7.9 or the baseline scenario improvements.
City Council Special Meeting Minutes — September 13, 2021
Parkland and zoning were then discussed. Angela Schumann recommended that the
area be zoned a PUD and to zone the 100 -acre development including the area that is
already developed.
Council was supportive of staff proceeding with baseline improvements.
4. Adjournment
By consensus, the meeting was adjourned at 6:08 p.m.
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Recorder: Jennifer Schreib
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City Council Special Meeting Minutes — September 13, 2021