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Wednesday, Apr. 16, 2014

Finance Committee reports tax earnings

Friday, November 25, 2005

(Photo)
CHAMBER PRESIDENT: Paul Sulser speaks at the Horseshoe Chamber of Commerce annual banquet as he accepts his installation as chamber president. Photo Price
Chairman George Williamson presided over the recent meeting of the Horseshoe Bend Finance Committee. All members except, David Seibert and Daniel Grover were present. Also present were members of the MRID Commission, MSID Commission and CSID Commission.

The mayor reported the city received the amount of $20,297.29 tax during October. He also reported the walking trail has been completed and accepted by the Department of Parks and Tourism and that the city's new truck is to be delivered on Nov. 17.

Lee Mears, chairman of MRID, presented a request that the city repeal the assessment increase that was ratified in 2003. He also requested that the city amend ordinance 81-01 to reflect an increase for 2.2 per centum of the assessment of each parcel of land in the district to 2.65 per centum and that the increase be effective Jan. 1, 2006. After discussion, Barbara Bell moved that Ordinance 81-01 be amended to increase the per centum of the assessment of each parcel of land to be collected from 2.2 to 2.65 to be effected Jan. 1, 2006; also that all assessments realized as a result of the increase be dedicated to the repayment of the existing bond issue or the irrigation system. When the bond issue is repaid the increase is to be repealed. The motion carried unanimously by roll call vote.

Jerry Rummage, chairman of MSID, presented a request that the city repeal the assessment increase that was given in 2004. He also requested that the city amend Ordinance 87-12 to reflect an increase from 3.33 per centum of the assessment of each parcel of land in the district to 3.8 per centum and that the increase be effective Jan. 1, 2006. This request is made because of the rising costs of reconstructing streets and the loss of assessment income from delinquent lots and to provide adequate funds to replace all the streets in the district. After discussion, George Florea moved that Ordinance 87-12 be amended to increase the per centum of the assessment of each parcel of land to be collected from 3.3 to 3.8, effective Jan. 1, 2006. The motion carried unanimously by roll call vote.

Bill Gadberry, CSI commissioner, presented a document showing the increased costs of resurfacing streets. It was explained that the city is awaiting advice from the city attorney regarding a lawsuit that was filed in 1986 that reduced the annual assessment and the total assessed benefits that could be collected.

CSID has exceeded that total. The council expects to receive additional information so that the matter can be resolved at their next meeting.

The proposed 2006 operating budget was passed out to the members. The first budget meeting is scheduled for Nov. 30 at 6 p.m.



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