09-10-03 Personnel & Finance - Laserfiche WebLink

Home Browse Search

Personnel and Finance Committee September 10, 2003 Page 4 stated that government should be there until the job is done and emphasized that this is part of the city's responsibility. Pam Meyer noted that the Partnership Program has been successful and that they are trying to get in on commercial areas. It was also noted that the "but for" assessment is still utilized during the loan program. Don Inks noted that there are 125 loans which remain a pretty constant number. He agreed to provide a report to the Council on the loan program. In response to a question from Council Member Kirsits, it was noted that the Neighborhood Partnership homes are not put on the market as quickly as they had envisioned. Council Member Kirsits voiced concern that some of the in-fill houses coming in for tax abatement may be counter-productive to our overall mission in light of their size of 700-800 square feet. The Council Attorney suggested that the City may wish to include a square foot minimum for such residential tax abatement requests. Ms. Leonard stated that these topics could also be addressed as part of City Plan. 2004 Century Center 2003 Expenditures $2,973,410 Fund # 670 2004 Expenditures $3,049,107 2003 Revenue $2,966,771 2004 Revenue $2,628,409 Brian Hedman, Tom Davis and Anthony Douglas made the presentation on the proposed 2004 Century Center budget. They noted that the budget is driven by anticipated business. A couple of years ago they took a hit of approximately$250,000 less from hotel/motel income, and the Century Center Board of Managers approved a 2nd budget. Mr. Davis noted that they are projected $62,336 in increased revenue, with a 3% increase from hotel/motel revenues anticipated. Insurance costs are up $88,000 and this area has become a "touchy issue", since they do not get property tax dollars for their operations. They are double hit since they do not have capital allocations like the other departments who are dipping into those funds to pay for the insurance increases. Mr. Hedman noted that the Century Center is 27 years old and has old boilers, noting that they are under maintenance agreements. Mr. Douglas stated that he would be calling a meeting of the Century Center Board of Managers to address the discrepancies in the budget which now reflect a deficit of$80,412. Dr. Varner suggested that the Board may wish to look at the$32,000 which is budgeted for merit bonus as a possible area to address the shortfall. Mr. Douglas noted that the merit bonuses are distributed by the Board and it may be seen as a penalty if the funding source was removed.