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Seaview status and resident support: adopted April 11, 2023 minutes

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• Codes Compliance had been in contact with the property’s owner and was informed that repair work was in progress • Seaview had allegedly hired a contractor to remedy the violations cited in the March 22, 2023 failed rental inspection • To date, no re-inspection had been scheduled City Manager Rohlf thanked Councilwoman Vick and Councilman Eley for being on site at the Seaview Loft Apartments and assisting. Seaview Lofts Summary - Presentation III. City Manager's Fiscal Year 2024 Recommended Operating Budget City Manager Rohlf advised that an overview of the City Manager’s FY 2024 Recommended Operating Budget was provided at the March 28, 2023 Work Session. City Council had the opportunity to ask questions and receive additional details. She believed the City Manager’s FY 2024 Recommended Operating Budget was sustainable while being prudent and fiscally conservative but would continue to move forward with City Council priorities. She introduced Ms. Lisa Cipriano, Director, Department of Budget and Evaluation, to present the Fiscal Year 2024 Recommended Operating Budget (a copy of the presentation, “City Manager’s FY 2024 Recommended Operating Budget, April 11, 2023,” is attached and made a part of these minutes.) Ms. Cipriano reminded that the City Manager’s FY 2024 Recommended Operating Budget was presented to City Council at the March 28, 2023 Work Session. She indicated that City Council requested potential revenue reductions in the real estate tax, personal property tax, meals tax, and/or amusement tax which support expenditure reductions and general funds only. Ms. Cipriano shared the following details of the General Fund Revenue Options with a tax reduction: Value of Tax Rate in Revenue Generated Reference: 1) Real Estate Tax – 1 penny = $2,123,225 2) Personal Property Tax – 5 percent (5%) = $1,562,500 per tax cycle a. This tax is calculated on a Calendar Year b. At 5%, total revenue is $3,125,000, split between two fiscal years 3) Meals Tax – 1/2 percent (0.5%) = $2,133,333 4) Amusement Tax – 1 percent (1%) = $82,500 Ms. Cipriano shared the following details with City Council suggested reduction options: 10 Page 10 of 21
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