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City Council Minutes 11-12-1996 SpecialMINUTES SPECIAL MEETING - MONTICELLO CITY COUNCIL Tuesday, November 12, 1996 - 6 p.m. Members Present: Brad Fyle, Shirley Anderson, Clint Herbst, Brian Stumpf, Tom Perrault Members Absent: None City Administrator Rick Wolfsteller reported that the County Assessor has finalized the market values and tax capacity values for establishing the 1997 tax capacity rate. The city value has increased to $16,071,798. The tax capacity value based on our proposed tax levy of $3,059,880 would amount to a 2.8% increase over the 1996 tax capacity rate, which is lower than the 3% increase that the Council had projected during its initial budget review. Brad Fyle suggested that a portion of the funds earmarked for various projects be applied to paying the City back for the acquisition of the Kruse property, which was necessary for the wastewater treatment plant project. By consensus, the Council agreed to reduce amounts earmarked for three projects, including the Chelsea Road realignment, County Road 118 interchange, and future city hall expansion. The total amount shifted to pay for the Kruse property amounted to $175,450. Discussion shifted to finalizing funding of a portion of the Monticello Community Partners (MCP) budget. Brad Fyle indicated that it was his view that the MCP is an excellent organization but felt that the MCP should remain a citizen organization without great city involvement. He suggested a funding amount of up to $15,000. Brian Stumpf indicated that he would be willing to support matching funds up to $35,000. The City should stand behind this organization in its efforts to improve the community. By consensus, the City Council agreed to establish the city contribution at $35,000. Bob Bowen, Chairman of the MCP, expressed his thanks to the City Council for the willingness to provide matching funds up to $35,000. It was the consensus of Council that payment to the MCP would be made in two equal installments in January and in June of 1997. The matching fund amount would be based on funds pledged through contributions of inkind services and funds through December 31, 1996. There being no further discussion, the meeting was adjourned. Jeff O' eill Assistant Administrator