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2020-12-07 Truth-in-Taxation Minutes�lbcrtvillc &N" T~ UW.& w aw ur.. ALBERTVILLE CITY COUNCIL TRUTH -IN -TAXATION HEARING MINUTES 1. Call to Order Mayor Hendrickson called the meeting to order at 6:15 pm. 2. Pledge of Allegiance — Roll Call Present: Mayor Hendrickson, Councilmembers Cocking and Olson Absentee: Councilmember Halling and Hudson December 7, 2020 — 6:15 pm Council Chambers Albertville City Hall Staff Present: City Administrator-PWD Nafstad, City Clerk Luedke and Finance Director Lannes 3. TRUTH -IN TAXATION HEARING Finance Director Lannes provided an overview of how the property taxes are calculated and how the budget process works. She presented the historical levy data and explained the expected changes to the revenue and expenditures for 2021. She stated the proposed levy increase is 2.90%. Ms. Lannes said she received a call from Mr. Todd Zachman, 5584 Lambert Avenue. She said Mr. Zachman asked if there was a plan for more commercial property in the City because that would help to take the burden of the resident property owners. He also said he did not like the school levy including the STMA arena. Ms. Lannes said she would called Mr. Zachman back after the meeting. Mayor Hendrickson opened the public hearing and called for any public comments. There were no public comments. 4. Adjournment MOTION made by Councilmember Olson, second by Councilmember Cocking to adjourn the meeting at 6:25 pm. Ayes: Cocking, Hendrickson and Olson. Nays: None. Absentee: Halling and Hudson. The motion carried. Respectfully submitted �'� A�� . Kristine A. Luedke, City Clerk