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HomeMy WebLinkAbout2006-02-02 Council minutes . I! j !~~~-r -..::..... ~IIIII'- 0IIIII"lII.~ CITY OF IOWA CITY MEMORANDUM Date: February 15, 2006 To: Mayor and City Council From: Marian K. Karr, City Clerk Re: Council Budget Work Session, February 2, 2006, 7:00p.m. in Emma J. Harvat Hall Council: Bailey, Champion, Correia, Elliott, O'Donnell, Vanderhoef, Wilburn Staff: Atkins, Helling, O'Malley, Karr, Mansfield Tapes: 06-18, Side 2; 06-19, Both Sides (A complete transcription is available in the City Clerk's Office) BUDGET OVERVIEW The City Manager noted the newspaper article in the February 1 st morning paper regarding the University purchasing a substantial portion of the Old Capitol Town Center, and they now own 60% of the property. Early estimates show a potential of 700 new University workers in the downtown area, and a loss of $ 8 million worth of tax base and $240,000 a year in property tax revenues in the nex1 budget. The City Manager utilized the "Requests from Boards I Commissions distributed at the work session of January 31 and Council provided direction on the items as follows: . Confirmed 30% General Fund Reserve Policy · Added hotel motel tax revenues from Hotel Vetro estimated at $ 50,000 . Assumed $40,000 savings to the General Fund with Wal-Mart sale . Agreed to tax rate adjustment of 17.297 · Approve $17,000 CVB Sports Authority request · Approve $38,000 Library request for additional hours . Approve $15,000 request from Airport for Master Plan amendment · Approve ICAD funding request of $100,000 . Approve Summer of the Arts request for $32,000 for two years . Agreed to water rate decrease, and increases in sewer rate and refuse collection fee -_..~-~-~---~-_.~~--,~-------_._-------"_._-___ m'_'~_'___~'___"_________~'_"_.""'M__'____.,___,._..,___'_.____.___.._~.__.,_,_.,_.___.._.~,_._ Council Budget Work Session February 2, 2006 Page 2 Additional information requested: o data from Senior Center on need for additional hours and programs o structure for telecommunications staff, including PATV, budgets, and money line for franchise fee and policy for spending o Agreed joint communications center makes sense; prepare more details re financial and feasibility issues o Awaiting recommendations from Council Members Bailey and Vanderhoef re Aid to Agencies o Schedule franchise agreement discussion after litigation on Des Moines franchise fee settled o Schedule broad discussion of CDBG request for additional money with Housing discussion and presentation from Housing Authority on funding streams. Agreed to schedule a separate work session to prep for broad discussion and identify players and presenters (Mayor Wilburn abstained for discussion on CDBG funding) Finance Director O'Malley and Budget Analyst Mansfield present for discussion. HANDOUTS AND OVERHEADS DISTRIBUTED: Budget 07 Requests from Board/Commissions (previously distributed 1/31 work session) SCHEDULE The City Manager suggested maintaining the tentative February 9, 7PM, budget work session for a discussion of public safety issues with the Police Chief and Fire Chief, and general discussion on direction of transit route changes. Councii agreed to maintain the meeting time and date, but that a comprehensive transit discussion be scheduled in the future. Meeting adjourned 9:05 PM. Council Budget Work Session February 2, 2006 Page 3 FLIP CHART # 1 %of1 % Airport Salaries / Fees +$115,000 + 40,000 + 75,000 CVB / Sports Authority Library Ai rport S of Arts ICAD - $ 17,000 38,000 15,000 32,000 45,000