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<br /> <br /> <br /> <br />MINUTES OF UNIVERSITY CITY COUNCIL <br />STUDY SESSION <br />JANUARY 26, 2009 <br /> <br /> <br />The Council Study Session, held in the Chambers of the City Hall, on Monday, January 26, <br />2009, was called to order by Mayor Adams at 5:30 p.m. In addition to Mayor Adams, the <br />following members of the Council were present: <br /> <br /> Mr. Arthur Sharpe, Jr. <br /> Mr. Terry Crow <br /> Mr. Michael Glickert <br /> Mr. Robert Wagner <br /> Ms. Lynn Ricci <br /> Mr. Byron Price <br /> <br />Also present were the City Manager Julie Feier, Deputy City Manager Janet Watson, and <br />the City Attorney John Mulligan. <br /> <br />The Study Session was to discuss possible ballot initiatives for upcoming elections with the <br />prospect of having a deficit budget in the upcoming years with the state of the present <br />economy. The three possible ballot issues are: <br /> <br /> One-quarter cent local option sales tax. The local option sales tax would <br />general approximately $480,000. If passed the tax would begin collection on <br />the second calendar quarter following the election. <br /> <br /> One-quarter cent economic development sales tax. This tax would impose a <br /> approximately $600,000 but must be used for long-term economic <br /> development. If passed this tax would begin collection on the second calendar <br /> quarter following the election. <br /> <br /> Property tax. Each one cent levy realizes approximately $60,200 in revenue. It <br /> most likely will be determined that cities are not able to pass a property tax <br /> increase and gain the revenue in a reassessment year. Therefore if passed in <br /> 2009 it would not be collected until December of 2010. <br /> <br /> <br />It was determined that all cuts that have been made in personnel and services sp far have <br />only had a minor affect on the residents but any additional cuts in personnel or services <br />would have a definite impact on them. <br /> <br />Ms. Ricci stated that Council would need to prioritize the City’s needs as, safety first, <br />convenience next and pleasure last. She felt the City’s health insurance options also had <br />room for adjustment. Ms. Ricci asked about if there was any feedback from residents on <br />increasing taxes. <br /> <br />Mr. Wagner stated that the City’s retirement plan, at one-half a million a year, needed to <br />have a hard look at converting it from a defined benefit plan to a contribution benefit plan. <br /> <br /> <br /> <br />