10-23-2023 Council Packet - Laserfiche WebLink

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B. Proposed Budget and Tax Levy for 2024 The Carman Bay property owners present at the meeting vote to approve of the Budget and Tax Levy. 1. Proposed Budget for 2024 At each Annual Meeting there is a budget proposed and ideally approved for the following year to meet the financial requirements of the CBLID. The Board recommends setting the forecasted 2024 Aquatic Invasive Species (AIS) treatment expenses at $29,700 (see attached "2024 Pro- posed Budget, September 25, 2023"). This is based on our applicator's (PLM) forecast for treating 33 acres (25 acres CLP and 8 milfoil). 2024's estimated treatment acreage, 33, is con- sistent with the past 4 years (27-37 combined acres). ProcellaCor cost per unit ($78) is un- changed from 2023. Diquat increased from $99 to $120 per unit. We anticipate the cost of Pro- cellaCor will increase for the 2025 season. 2. Proposed Tax Levy for 2024 At each Annual Meeting there is also a tax levy proposed and ideally approved sufficient to meet the budget requirements, including the proposed distribution of such levy among the prop- erty owners. The Board recommends a 2024 levy in an amount to substantially replace the 2024 estimated AIS treatment expenses of $27,900. Maintaining increments of $50 per prop- erty, a $250 levy for tax year 2024 x 112 properties = $28,000. We do not feel it is advisable to plan on receipt of intergovernmental grant money or substantially alter working funds from the target of $70,000+/-. Chalupsky put forward a "Motion to approve, by voice with one vote per property, the budget as presented for the 2024 fiscal year (dated September 25, 2023), based on the estimated AIS project expenses of $29,700; and approve a special assessment levy of $28.000 net to be shared equally as $250 for each of the 112 property owners." 2nd by Owen. VOTE by voice vote of Board and those in attendance: votes Ayes 9 and Nays 1. MOTION PASSES. C. Nomination & Election of Board of Directors The Carman Bay property owners present at the meeting vote to elect CBLID Board members. The terms are for 2 years, and are staggered. Three Board members' 2-year terms are expiring. Nomi- nations from the public must be received by the Board by June 1" as required by the CBLID By- laws. The CBLID did not receive a request for any absentee ballot nor receive any. There are no property owners not currently on the Board desiring to stand for election. Three of the four incum- bents, Mark Kieper, Ted Chalupsky and Dave Owen have agreed to run again for another 2 years. Chalupsky put forward a "Motion to nominate Mark Kieper, Ted Chalupsky and Dave Owen to the three open Board seats and elect, by voice with one vote per property, to 2-year terms to expire at the 2025 Annual Meeting." 2' by Kennefick. VOTE by voice vote of Board and those in attendance: All who voted, voted Aye, Nays 0. MOTION PASSES. 10/1/2023 Attachment A - CB LID Minutes