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HomeMy Public PortalAbout08/19/08 Special CCM337 MEDINA CITY COUNCIL MEETING MINUTES OF AUGUST 19, 2008 The City Council of Medina, Minnesota met in special session on August 19, 2008 at 6:03 p.m. in the Medina City Hall. I. Call to Order Members present: Weir, Cavanaugh (present at 10:22 p.m.), Smith, Crosby, Johnson Members absent: Also present: City Administrator Chad M. Adams (present at 10:22 p.m.) and Finance Director Jeanne Day (adjourned at 6:56 p.m.). II. 2009 Budget Work Session Day provided an overview of the street assessment policy information in the packet. Discussion was held on philosophy of using street assessment versus market value as basis for equitable funding of future road improvement needs. Discussion continued on type of roads (collector versus local roads) and type of road improvement (reconstruct, new road, and mill and overlay) to potentially assess. Discussion was held on raising the tax levy closer to the levy cap to generate more revenue for road improvements and/or using bonds for road funding needs. The meeting was recessed at 6:56 p.m. The meeting was reconvened at 10:22 p.m. The Council discussed different formulas for creating a street assessment policy. Discussion continued on the philosophical approach to generating revenue for roads based on market value versus street assessments and the fairness on different parcels in the City including commercial/industrial properties. The Council directed staff to prepare an alternative tax levy for the September 2, 2008 Council meeting discussion. III. Adjournment The meeting was adjourned at 10:57 p.m. Attest: Chad M. Adams, City Administrator -Clerk Medina City Council Special Meeting Minutes August 19, 2008 T '9/4 T.M. Crosby, Jr., May 338 This Page Intentionally Left Blank Medina City Council Special Meeting Minutes August 19, 2008