Council ponders capital improvements

BY DI STAFF | JANUARY 20, 2010 7:30 AM

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The Iowa City City Council discussed completing its capital-improvement program at a special budget work session Tuesday evening.

The council reviewed budget issues that were covered in a memorandum sent from interim City Manager Dale E. Helling.

Helling recommended moving the North Side Marketplace streetscape, Riverfront Crossing redevelopment, planning study, and Towncrest area redevelopment to the funded list for fiscal 2011.

The council also discussed revising its service levy policy.

Mayor Matt Hayek recommended that the council revise the city’s levy policy because of continual violations.

The current policy states that the council is to limit the proportion of the debt service levy to stay at or below 25 percent of the total property-tax level.

The tax levy is at 25 percent for fiscal 2011 but is estimated at 26 percent for fiscal year 2012.

Hayek encouraged modifying the policy to be consistent with the council’s bonding practice.

The council will continue to discuss the policy change at a later work session.

— by Kathryn Stinson

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