Following an extensive citizen participation session in which two residents spoke about a parking issue on SW Nelson Drive raised at the prior Board meeting by a resident on the street, the Board of Aldermen approved several ordinances, including the approval of the annual tax levy.
The total City levy will be $1.4494 on each one hundred dollars ($100) assessed valuation. The levy breaks down as follows:
A. General Municipal Government Operations - $0.4685 for general municipal government operations to be deposited in General Fund.
B. Retirement of General Obligation Debt - $0.8362 for the retirement of general obligation debt, including the payment of principal and interest, to be deposited in the Debt Service Fund.
C. Park Fund - $0.1035 for park maintenance to be deposited in the Park Fund.
D. Public Health - $0.0412 for public health purposes to be deposited in the Public Health Fund.
As reported by Finance Director Steven Craig at the August 23rd Board meeting, the 2021 tax levy is a reduction of $.15 per $100 of assessed value.
The Board also approved an ordinance escrowing funds for payment of the Series 2018A General Obligation Bonds maturing in March 2028.
In other business, the Board voted to approve the 11th plat of the Rosewood Hills subdivision, which includes 29 single family lots.
The next regularly scheduled meeting of the Board of Aldermen will be held Monday, September 27th at 7:00pm.