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MINUTES OF THE <br />ORONO CITY COUNCIL MEETING <br />Monday, December 11, 2017 <br />6:30 o'clock p.m. <br />1. 2018 BUDGET HEARING — Continued <br />Anderson asked what the transfer to other funds is. <br />Olson indicated the $250,000 transfer to other funds is to the equipment outlay fund, which is a fund the <br />City uses to purchase equipment for the City as well as the Long Lake Fire Department. The other <br />approximate $130,000 is for the debt service on the police department bond. <br />Anderson stated the $110,000 could have been spent on the police department bond rather than the trail. <br />Mayor Walsh closed the public hearing at 7 p.m. <br />Walsh noted out of the 48 cities in Hennepin County, Orono is the 45' lowest taxed city in the county. <br />In addition, the City's permit revenue has gone up tremendously and that the City has made the <br />permitting process easier as well as reduced the fees by approximately two-thirds. Walsh stated the City <br />is telling people that Orono is open for business, which is reflected by the 20 percent increase in revenue <br />for November. <br />Walsh stated they are also continuing to fund the Pavement Management Fund. Walsh stated when he <br />first came on the City Council, that fund had zero dollars in it and now that is up to $350,000. Walsh <br />stated given the increased revenue, even with raising the levy by 4 percent, if someone's property <br />valuation stayed the same, their taxes will go down. <br />Walsh stated as it relates to the Special Revenue Funds, in the past the City never budgeted for <br />depreciation or replacement, which resulted in the City borrowing money for projects. Walsh stated that <br />is now being budgeted so the City will have the money to do improvement projects. <br />Dankey moved, Crosby seconded, to close the Truth -in -Taxation meeting at 7:03 p.m. VOTE: <br />Ayes 4, Nays 0. <br />Crosby moved, Dankey seconded, to approve Resolution No. 6813 - 2018 Property Tax Levy, <br />Resolution No. 6814 - 2018 General Fund Budget, Resolution No. 6815 - 2018 Special Revenue Fund <br />Budgets, and Resolution No. 6816 - 2018 Enterprise Fund Budgets. <br />VOTE: Ayes 4, Nays 0. <br />APPROVAL OF AGENDA <br />2. CONSENT AGENDA <br />Items No. 10, 12, 13, 15, 16, 17, and 18 were added to the Consent Agenda. <br />3. CITY COUNCIL MEETING MINUTES OF NOVEMBER 27, 2017 <br />4. CLAIMSBILLS <br />5. CONFIRMATION OF 2018 OPEN BOOK MEETING — DATE AND TIME PROPOSAL <br />6. APPROVAL OF 2018 LIQUOR LICENSE RENEWAL <br />Page 4 of 15 <br />