HomeMy WebLinkAboutMinutes-01/06/2020COUNCIL WORK SESSION
January 6, 2020
4:00 p.m.
Harold E. Getty Council Chambers
Members present: Boesen, Amos, Morrissey, Klein, Feuss, Grieder, and Juon. Mr. Morrissey
arrived at 4:01 p.m.
Moved by Amos seconded by Feuss that the Agenda, as proposed, be approved. Voice -vote
Ayes: Six. Motion carried.
Objective: Discussion of FYE2021 property tax valuations.
Michelle Weidner, Chief Financial Officer, provided an overview of the FYE2021 property tax
valuations. She highlighted that the state rollback increased which reduced the amount of
taxable value that the city received. The city will have a taxable value at $18 million for
FYE2021, and is roughly $300,000 less than the prior fiscal year. She explained that another
factor impacting the residential figures is that retirement facilities are now taxed as a residential
property rather than a multi -residential. Martin Road TIF District reached its end and is coming
online as taxable valuation.
Mr. Boesen questioned how much revenue is in the traffic camera fund.
Michelle Weidner explained that she does not have an accurate number off hand. She explained
that the city gets to keep fifty percent of the revenue. She added that the city passed a resolution
that requires that the funds be held for two years prior to being spent. She estimated that the city
will have $300,000 available for the 2021 budget.
Mr. Morrissey questioned if the city would be in the same shape financially if the rollback law
was not passed.
Michelle Weidner provided an overview of property tax caps and the rollback.
Mr. Morrissey questioned what the difference is between communities that are seeing high
growth in the metro and Waterloo.
Michelle Weidner commented that she has not yet done detailed analysis of other communities.
Mayor Hart commented that some comparisons that have taken place show that the city has
lower valuation of residential and more agricultural land than other large cities. He stated that
the city is seeing a lot of growth but the inner core of the city is deteriorating and affecting the
valuation.
Objective: Discussion of ordinances with edits to Chapters 4 and 5 of Title 1 Administration
Council discussed Chapter 4 of Title 1 and it was determined that further discussion will be
tabled to April 2020.
With no further business before the Council, it was moved by Morrissey seconded by Feuss that
the meeting be adjourned at 5:01 p.m. Voice -vote Ayes: Seven. Motion carried.
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Kelley Felcq
City Clerk