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12-06-1994 CCMMINUTES SPECIAL MEETING - HUTCHINSON CITY COUNCIL TRUTH IN TAXATION PUBLIC HEARING TUESDAY, DECEMBER 6, 1994 The public hearing was called to order at 5:00 P.M. by Mayor Torgerson. Present were: Mayor Marlin Torgerson, Council Members Bill Craig, John Mlinar, Kay Peterson, and Don Erickson. Also present: City Administrator Gary D. Plotz, Finance Director Kenneth B. Merrill, and City Attorney G. Barry Anderson. Finance Director Merrill explained the 1995 property tax statement to the citizens in attendance at the hearing. He noted the increase in property value and how that increase reflects in their proposed 1995 taxes. He stated the property value was determined by the County Assessor, and the City Council only had jurisdiction over the City of Hutchinson's taxes. Director Merrill commented on the formulas that are applied to the market value of homestead and commercial property and the tax capacity that is formulated. He reported on the two divisions of the City tax, namely: (1) general fund and (2) debt service. It was pointed out by Mr. Merrill that the state mandates put into effect by the Minnesota Legislature has an impact on the City and the taxes paid by the citizens. A gentleman inquired if the 40 percent went to pay for debt. Mayor Torgerson responded it was for building structures and for improvements. Earl Fitzloff, 615 Merrill Street SW, asked about the debt retirement and if some were being retired. He questioned if there would be tax dollars freed up when the bonds are retired. Mr. Fitzloff reasoned that with the taxes going up, there should be more money available. He was told this was not true. Mr. Fitzloff recommended the City "tighten its belt" and require the persons who use the facilities to pay a user fee. An unidentified gentleman stated he could understand the property values going up, but he thought the government had decided to continue to tax the residents. He inquired if a study had ever been done to evaluate reducing the budget and reducing the taxes. Otto Rettig, 705 Oak Street, read a letter regarding taxes that he had sent to the Mayor. The motion to close the hearing at 5:58 P.M. was made by Council Member Erickson, seconded by Council Member Mlinar and unanimously carried. The meeting adjourned at 6:00 P.M. 1� (