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Estherville budget hearing is Monday

Council meeting starts at 5 p.m.

February 15, 2013
by David Swartz - Managing Editor , Estherville Daily News

The Estherville City Council will meet in regular session at 5 p.m., Monday, Feb. 18 in council chambers at city hall.

The council will hold a public hearing on the proposed fiscal year 2013-14 city budget. Following the hearing, council will consider adopting the proposed budget.

As reported earlier this month, the proposed budget includes an increase of approximately $1,555,323 to $16,738.279 or 10.24 percent. The primary reason for the increase are capital expenses including a major project at the wastewater treatment plant.

The proposed property tax levy will remain at $16.50 per $1,000 of taxable valuation. The rate has been constant since 2005.

The property tax rollback as issued by the State of Iowa on residential property has increased from 50.7518 percent to 52.8166 percent. This means that residential property owners will pay tax on a higher percentage of home value and the total tax paid will increase even though the levy remains constant. Since commercial and industrial properties do not have a rollback, they will see no change as a result of the city's levy unless their valuations change. Property valuation is determined by the county assessor.

Council also will consider a resolution authorizing and approving a loan agreement providing for the issuance of $1,125,000 general obligation sanitary sewer improvement bonds and the levy of taxes to pay them/

Council will be presented with a request to close the 600 block of First Avenue North and parking spaces on the west and east sides of Library Square for the Relay for Life event on June 1.

Council also will be asked to approve sign permits for both Rose City Canopy & Sign at 1220 Central Avenue and for Bertha Ortiz DeGalvan for property located at 710 Central Avenue (Mi Casa Restaurant).

Finally, council will consider a lease agreement with the Iowa National Guard.



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