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To: Honorable Mayor Adams and City Council From: Julie Feier, City Manager Date: April 3, 2008 Subject: Weekly Update budget presentations and The public is encouraged to attend the many upcoming public hearings . A special council meeting for public input into the budget will be held on April 14 at 6:30 PM. A public meeting to discuss the proposed budget will be held on May 12 at 6:30 PM. The public hearing on the final City budget will be on June 1 at 6:30 PM. There will be a council study session on the CDBG process on April 21 at 5:30 PM, with a separate public hearing for CDBG funding on a date to be determined. For questions on CDBG or the City budget contact Deputy City Manager/ Finance Director Janet Watson at 505-8537. The Economic Development Retail Tax Board public hearing is scheduled for April 24, at 7:00 PM in the EOC Room (basement) of City Hall, 6801 Delmar Boulevard. Any questions or requests for information can be directed to Lehman Walker, Director of Community Development at 505-8502. tax initiatives Should Council wish to discuss placing on an upcoming agenda, the earliest opportunity would be the August 5, 2008 Primary Election. The deadline or closing date for submitting certification of election forms is May 27, 2008. The next general municipal election would be April 7, 2009. The closing for certification of election forms is January 27, 2009. The next available election date after the August ’08 election would be the November 4, 2008 General Election, which is generally not a good time for municipal ballot measures due to crowded ballots. A supplemental election could be held on February 3, 2009. Council will need to decide during your budget meetings if you would like to proceed with either of the sales tax options for the August ’08 election. A detailed election calendar is included with your attachments. one-quarter cent Economic Development Sales Tax To proceed with an additional , the Council would need to pass similar initiative language to that which was passed on May of 2006, by Ordinance No. 6634. The City Council imposed a sales tax at the rate of one-fourth of one percent on all retail sales made in the City subject to taxation under Chapter 144 RSMo. The August 2006 election asked qualified voters of University City “Shall the City of University City, Missouri impose a sales tax at the rate of one-fourth of