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HomeMy WebLinkAbout2004 05-17 CCM Joint Work Session with Financial Commission MINUTES OF THE PROCEEDINGS OF THE CITY COUNCIL OF THE CITY OF BROOKLYN CENTER IN THE COUNTY OF HENNEPIN AND THE STATE OF MINNESOTA JOINT WORK SESSION WITH FINANCIAL COMMISSION MAY 17, 2004 CITY HALL - COUNCIL CHAMBERS CALL TO ORDER The Brooklyn Center City Council met in Work Session and was called to order by Mayor Myrna Kragness at 6:30 p.m. ROLL CALL Mayor Myrna Kragness, Councilmembers Kathleen Carmody, Kay Lasman, and Diane Niesen. Councilmember Bob Peppe was absent. Also present: City Manager Michael McCauley, Assistant City Manager /Director of Operations Curt Boganey, and Deputy City Clerk Maria Rosenbaum. Others present were Financial Commission Chair Donn Escher, and Commissioners Timothy Elftmann, Jay Hruska, Mark Nemec, and Lawrence Peterson. Councilmember Bob Peppe arrived at 6:46 p.m. REVIEW OF BUDGET PRIORITIZATION FOR 2004 BUDGET City Manager Michael McCauley reviewed the budget prioritization for the 2005 budget and suggested that if the Council had general or specific matters that it wants reviewed and analyzed for the budget, identification of those issues at the beginning of the budget development process aids in that process and allows for staff to develop appropriate scenarios. REVIEW OF 2005 BUDGET DATES Mr. McCauley outlined the scheduled dates for the 2005 budget: August 16 September 13 - Preliminary General Fund Levy and Budget Adoption October 4 November 15 December 6 - Truth in Taxation hearing December 13 - Budget Adoption 05/17/04 -1- State law requires adoption of a preliminary tax levy by the second week of September. The final levy may be reduced in December, but may not be increased from the amount adopted as the preliminary levy. Councilmember Niesen expressed that she would like to have one meeting added between now and August 16, 2004. Councilmember Carmody suggested waiting until the Legislature ends and make a decision at that time whether an additional meeting is needed. OVERVIEW OF 2005 ISSUES Mr. McCauley discussed the single largest impact for 2005 is the next phase in the implementation of the new Local Government Aid (LGA) formula adopted by the Legislature last year. Current projections indicate an additional $300,000 loss to Brooklyn Center. A three percent increase for real estate taxes would generate approximately $280,000. Thus, a three percent increase would not quite replace the anticipated loss in LGA. Councilmember Niesen expressed that she is not comfortable with putting more increases on residential properties and that she believes the dollar amounts need to be more visible before matters come to the Council. Councilmember Bob Peppe arrived at 6:46 p.m. Council continued discussions regarding increases, the General Fund Budget, and Tax Increment Financing Districts (TIF). Mr. McCauley informed that there are still a lot of unknowns. He expressed that he believes that residential values will be higher by nine to ten percent than in 2004. With commercial property increasing at a much lower rate, residential properties would likely see an increase in their taxes even if the City did not increase its 2005 levy. Councilmember Niesen expressed that she would like to see the total dollars estimated for residential, commercial, and retail and that she believes it is important to see the shifts. Councilmember Carmody discussed the trends with covering costs and questioned if the Council should consider looking at services that the City can no longer provide. Council discussed the profits from City facilities. Councilmember Peppe questioned if anyone has ever showed interest in purchasing the Centerbrook land and suggested that might be something to consider. Mr. McCauley questioned if the three percent range for increases in real estate taxes was reasonable. It was the consensus of the Council to move forward with the three percent range for planning purposes. 05/17/04 -2- Mr. McCauley discussed that personnel increases would be in the three percent range to stay competitive. Mayor Kragness questioned if there were any contracts for more than one year. Mr. McCauley informed that there are currently none. PRIORITIZATION/FOCUS It was the consensus of the Council to continue with guidelines and approach the budget for 2005 with the same approach used last year. MISCELLANEOUS Council discussed the Brooklyn Center Transit Groundbreaking Event that will be held on May 24, 2004. ADJOURNMENT A motion by Councilmember Lasman, seconded by Councilmember Carmody to adj ourn the Work Session at 8:17 p.m. Motion passed unanimously. a Alllli V, 1 L& !t� � -0� 9�' City Clerk Mayor 05/17/04 -3-