HomeMy Public PortalAboutAB 22-224 Resolution to Levy Forgone Public HearingMcCALL CITY COUNCIL 216 East Park Street
AGENDA BILL McCall, Idaho 83638
Number AB 22-224
Meeting Date August 25, 2022
AGENDA ITEM INFORMATION
SUBJECT:
Request to Adopt Resolution 22-28 to Recover Forgone Property Tax Amount of $72,382 for Fiscal Year 2023 for Maintenance and Operations
Public Hearing
Department Approvals
Initials
Originator
or
Supporter
Mayor / Council
City Manager
Clerk
Treasurer
Originator
Community Development
Police Department
Public Works
Golf Course
COST IMPACT:
$72,382
Parks and Recreation
FUNDING SOURCE:
Forgone Amount
Airport
Library
TIMELINE:
Adopt Resolution to Recover Forgone Amount on August 25, 2022
Information Systems
Grant Coordinator
SUMMARY STATEMENT:
The process to pass the resolution to recover foregone property taxes is the same as the process for the city budget and can be done at the same time. Both hearing notices, the hearing
for recovery of forgone property taxes and the city budget, must be published in the official newspaper twice seven days apart and can be done together.
At the conclusion of the FY23 Budget work session held July 29, 2022, the Council set a tentative budget in the amount of $52,166.327 that includes the maximum allowed 3% increase of
$207,784 plus new construction and annexation of $104,213, and $72,382 of the forgone property tax amount for maintenance and operations. The Council may elect to recover the forgone
amount for maintenance and operations by formally adopting the attached Resolution to Recover Forgone Amount for Fiscal Year 2023 for Maintenance and Operations at the conclusion of
the public hearing.
Attachment:
1. Resolution 22-28
RECOMMENDED ACTION:
Conduct the Public Hearing
Adopt Resolution 22-28 recovering $72.382 of the forgone property tax amount for Fiscal Year 2023 for Maintenance and Operations as described in Idaho Code §63-802 and authorize the
Mayor to sign all necessary documents.
RECORD OF COUNCIL ACTION
MEETING DATE
ACTION
July 29, 2022
Council set the tentative budget in the amount of $52,166,327 which included the intent to utilize $72,382 of forgone property taxes