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I MEMORANDUM <br /> TO: MAYOR AND COUNCIL MEMBERS <br /> FROM: ORONO MANAGEMENT TEAM <br /> SUBJECT: INFORMATION UPDATE <br /> DATE: OCTOBER 30, 2009 <br /> • At the last work session the Council requested a breakdown of engineering bills by <br /> category. The attached table provides a summary by category for full year of 2008 and <br /> 2009 through September 30th. Please contact the Finance Department with questions <br /> about this information. <br /> • The Finance Department met with representatives of the Hennepin County Assessor's <br /> office on Wednesday. Values for the 2010 collectable 2011 tax period are decreasing <br /> significantly. Residential Lakeshore properties are decreasing 5%. Non-Lakeshore <br /> Residential are decreasing 14.57%. <br /> • Copies of actua12010 tax statements are attached. The impact of the decreasing property <br /> values varies greatly depending on the percentage of the decrease in value. Some <br /> properties will see an increase in taxes even as the value declines. Others see a decrease <br /> as a result of the decrease in value. Properties in the Orono School District will see a <br /> decrease in school portion of their tax bill. <br /> • Casco Point base paving is complete; final coat of asphalt will be placed next year. The <br /> contractor will work on driveway repairs next week. <br /> The City of Orono complies with the Minnesota Data Practices and Open Meeting Law. The recipients of this <br /> electronic file are asked not to "Forward"or "Reply to All"concerning information contained in this email. <br />