Minutes 04/21/1997 - Laserfiche WebLink

Home Browse Search

136 MONDAY, APRIL 21, 1997 Crabtree all voiced support for cutting this amount to S1 million. There was much discussion regarding the available funding to pay the debt service for this item. Upon motion, duly seconded and by unanimous vote, Council authorized the City Manager to explore financing options which would provide the School Division with up to 82 million in technology and capital maintenance funding, to be paid with funds from the existing 4% Meals Tax. Mr. Reynolds recommended the City Administration be authorized to seek General Obligation bond financing in the amount of approximately $1,650,000 to fund the City/School Garage Project and relocation of school administration offices. The debt service payments would be supported by a transfer from the Electric Fund to the General Fund. Council Member Dallas expressed opposition to this project, stating that it could be delayed for another year. In response to a question from Mayor Adams, Mr. Reynolds stated he would provide an estimate of the operational savings which could be achieved through implementation of this project, therefore, Council took no action at this time. Council then engaged in a discussion concerning proposed tax increases and service rate increases, with a motion and second being made for the City Manager to prepare two budget scenarios, one with a $.10 increase in the real estate tax rate and one with a 8.12 increase in the real estate tax rate. Both scenarios would include-the following: (1) increasing the water service minimum bill from $5.40 to $8.00; (2) increasing the sewer service minimum bill from $3.60 to $6.00; (3) increasing auto decal fees from $15 to $20 on cars and small trucks, $3 to $5 for motorcycles, and increasing the transfer fee from 81 to 83; (4) including the E911 telephone surcharge and refuse collection fee