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MINUTES OF THE <br />ORONO CITY COUNCIL MEETING <br />Monday, December 6, 2021 <br />6:00 o’clock p.m. <br />_____________________________________________________________________________________ <br /> <br />Page 1 of 4 <br /> <br />ROLL CALL <br />The Orono City Council met on the above-mentioned date with the following members present: Mayor <br />Dennis Walsh, City Council Members Matt Johnson, Aaron Printup, Richard Crosby III, and Victoria <br />Seals. Representing Staff were City Attorney Leah Koch, City Administrator/Engineer Adam Edwards, <br />Finance Director Ron Olson, and City Planner Melanie Curtis. <br /> <br />Mayor Walsh called the meeting to order at 6:00 p.m., followed by the Pledge of Allegiance. <br /> <br />TRUTH IN TAXATION PUBLIC HEARING <br />1. 2022 BUDGET HEARING <br /> a. 2022 Budget Information <br /> <br /> Mayor Walsh opened the public hearing at 6:01 p.m. <br /> <br />Finance Director Olson shared a presentation noting the purpose of this meeting is to talk <br />specifically about the budget and the tax levy. Taxes are figured by the Hennepin County <br />Assessor who looks at properties, market trends, and adjusts property values within the City. Mr. <br />Olson clarified in looking at a home’s market value, 1% of the first $500,000 and an additional <br />1.25% of any value over $500,000 is the tax capacity of any individual property. The property tax <br />rate starts with a City coming up with a property tax levy for the year, dividing that number by <br />the total City tax capacity, adding all of the properties together and then dividing that by the tax <br />capacity which gives the tax capacity rate. This year’s budget tax levy is $6,900,000 divided by <br />$41,394,000 tax capacity equals a 16.78% tax capacity rate for Orono properties in 2022. A <br />property’s tax capacity multiplied by the City’s tax capacity rate gives the net City tax. Mr. Olson <br />gave a real example of the tax impact on a $1,036,000 home in Orono. Mr. Olson noted Orono <br />has one of the lower tax rates in the County. He walked through the City’s 2022 budget and tax <br />levy in further detail including general fund, facilities fund, pavement management, parks, and <br />debt service and bonds. <br /> <br />Mayor Walsh closed the public hearing at 6:29 p.m. <br /> <br /> b. Adopt Final 2021 Levy Collectible in 2022 <br /> <br /> c. Adopt Final 2022 General Fund Budget <br /> <br /> d. Adopt the 2022 Special Revenue Funds Budget <br /> <br /> e. Adopt the 2022 Enterprise Fund Budget <br /> <br />Printup moved, Seals seconded, to approve the 2022 Property Tax Levy, 2022 General Fund <br />Budget, 2022 Special Revenue Fund Budget, and the 2022 Enterprise Fund Budget. VOTE: Ayes 5, <br />Nays 0. <br />APPROVAL OF AGENDA <br /> <br /> <br />