1 00:00:00,000 --> 00:00:07,060 There's not much to it. Are we ready? All right. Good afternoon and welcome to the special 2 00:00:07,060 --> 00:00:12,100 council meeting of the mayor and city council of the city of Sun Valley. I call the meeting 3 00:00:12,100 --> 00:00:20,860 to order on August 16th at 4.02 p.m. We will have a roll call. Council President Conner. 4 00:00:25,180 --> 00:00:36,460 Councilman Sachs, and Councilmember Griffin, thank you, I'll lead us in the Pledge of Allegiance 5 00:00:36,460 --> 00:00:37,200 please. 6 00:00:39,450 --> 00:00:45,560 I pledge allegiance to the flag of the United States of America and to the Republic for 7 00:00:45,560 --> 00:00:52,760 Richard Sands, our nation, under God, indivisible, with liberty and justice for all. 8 00:00:53,960 --> 00:00:54,680 Thank you. 9 00:00:57,600 --> 00:00:58,540 Council, comment. 10 00:00:59,480 --> 00:01:00,440 Jay, any comment? 11 00:01:03,370 --> 00:01:03,650 Keith? 12 00:01:05,850 --> 00:01:06,050 No. 13 00:01:06,410 --> 00:01:06,910 Nothing since yesterday. 14 00:01:07,850 --> 00:01:08,170 Michelle. 15 00:01:09,370 --> 00:01:09,850 Nothing. 16 00:01:10,070 --> 00:01:10,570 Thank you, Mayor. 17 00:01:10,870 --> 00:01:12,170 Thank you, Mr. Keating. 18 00:01:12,710 --> 00:01:13,170 No comment. 19 00:01:13,350 --> 00:01:14,030 Thank you, Mr. Mayor. 20 00:01:14,290 --> 00:01:15,830 And I do not have a comment. 21 00:01:16,030 --> 00:01:17,130 We're going to the agenda. 22 00:01:17,350 --> 00:01:19,610 The public hearings, we have two on the agenda. 23 00:01:19,610 --> 00:01:28,790 to the first is the third reading and adoption of ordinance number 579 annual appropriation 24 00:01:28,790 --> 00:01:35,210 ordinance for the City of Sun Valley, Idaho for the fiscal year beginning October 1, 2024, 25 00:01:36,310 --> 00:01:41,430 an ordinance titled for the annual appropriation ordinance for the City of Sun Valley, Idaho 26 00:01:41,430 --> 00:01:55,030 for the fiscal year beginning October 1, 2024, appropriating the sum of $13,557,386 to defray 27 00:01:55,030 --> 00:02:01,250 the expenses and liabilities of the City of Sun Valley for said fiscal year, authorizing 28 00:02:01,250 --> 00:02:07,470 a levy of a sufficient tax upon taxable property and specifying the objects and 29 00:02:07,470 --> 00:02:10,530 the purposes for which said appropriation is made. 30 00:02:11,490 --> 00:02:13,810 City Administrator, what's new? 31 00:02:14,890 --> 00:02:16,550 Thank you, Mayor Jim Keating, 32 00:02:16,890 --> 00:02:18,890 City Administrator, City of Sun Valley. 33 00:02:19,690 --> 00:02:21,890 Pending any further questions of council, 34 00:02:22,190 --> 00:02:24,730 our staff recommendation is to today, 35 00:02:25,370 --> 00:02:27,510 consider a motion to hold the third reading, 36 00:02:27,810 --> 00:02:29,010 read by title only, 37 00:02:29,490 --> 00:02:32,210 and adopt ordinance number 579, 38 00:02:32,410 --> 00:02:34,090 annual appropriation ordinance. 39 00:02:35,630 --> 00:02:41,190 Does the council have any comment before I open up the public comment section of this 40 00:02:41,190 --> 00:02:41,830 article? 41 00:02:42,950 --> 00:02:43,410 No. 42 00:02:43,610 --> 00:02:43,910 Thank you. 43 00:02:45,650 --> 00:02:46,210 Okay. 44 00:02:46,890 --> 00:02:52,210 I will open up the public hearing section of this agenda item. 45 00:02:52,890 --> 00:02:57,490 Anybody in the room would like to make a comment, please approach the podium. 46 00:02:59,190 --> 00:03:00,610 Do we have anybody online? 47 00:03:01,430 --> 00:03:03,590 Nobody in the room would like to make a comment. 48 00:03:03,590 --> 00:03:09,570 Nobody online. I will close the public comment section of the hearing for the discussion or a motion 49 00:03:10,810 --> 00:03:18,490 I move to hold the third reading read by title only and adopt ordinance number 579 angelo appropriation ordinance 50 00:03:19,530 --> 00:03:20,250 second 51 00:03:21,250 --> 00:03:25,250 For the discussion or a vote Jane. I 52 00:03:25,250 --> 00:03:25,950 don't yes 53 00:03:25,950 --> 00:03:26,950 Keith 54 00:03:27,750 --> 00:03:29,010 Yeah, Michelle 55 00:03:29,830 --> 00:03:30,410 Yes. 56 00:03:30,750 --> 00:03:31,810 Motion is adopted. 57 00:03:32,110 --> 00:03:34,210 Mr. Keating, would you read my title on this? 58 00:03:34,490 --> 00:03:35,250 Yes, I will. 59 00:03:35,710 --> 00:03:37,550 Ordinance number 579. 60 00:03:38,010 --> 00:03:42,770 And ordinance titled the annual appropriation ordinance for the City of Sun Valley, Idaho, 61 00:03:43,370 --> 00:03:53,730 for the fiscal year beginning October 1st, 2024, appropriating the sum of $13,557,386 62 00:03:53,730 --> 00:03:58,790 dollars to defray the expenses and liabilities of the City of Sun Valley for said fiscal 63 00:03:58,790 --> 00:04:05,270 year, authorizing a levy of a sufficient tax upon the taxable property and specifying the 64 00:04:05,270 --> 00:04:09,430 objects and purposes for which said appropriation is made. 65 00:04:10,150 --> 00:04:10,850 Thank you. 66 00:04:11,950 --> 00:04:19,170 Agenda item number two is also a public hearing item review and approval of Resolution 67 00:04:19,170 --> 00:04:23,770 2024-09, resolution of the city of Sun Valley 68 00:04:23,770 --> 00:04:27,070 reserving the foregone amount of the fiscal year 2024 69 00:04:27,950 --> 00:04:30,450 for potential use in subsequent years 70 00:04:30,450 --> 00:04:36,270 as described in Idaho code 63-802 et al. 71 00:04:37,210 --> 00:04:37,710 Mr. Keating. 72 00:04:40,260 --> 00:04:41,960 Thank you again, Mr. Mayor. 73 00:04:42,700 --> 00:04:45,220 As the council remembers are the budget 74 00:04:45,220 --> 00:04:47,100 that you just had the third breeding on 75 00:04:47,100 --> 00:04:55,740 includes zero percent change in property tax levy in FY25 as compared to the prior year FY24. 76 00:04:56,420 --> 00:05:02,100 Since we last got together, we've received and used updated info from the county to help 77 00:05:02,100 --> 00:05:08,580 calculate our foregone amount for your consideration for FY25. A couple of callouts, 78 00:05:08,580 --> 00:05:18,120 The updated information for total net taxable value in 2024 for the city of Sun Valley is 79 00:05:18,120 --> 00:05:22,120 currently $5.572 billion. 80 00:05:23,060 --> 00:05:31,180 The 2024 new construction value for the city of Sun Valley is $52.716 million. 81 00:05:33,160 --> 00:05:45,220 The existing foregone balance going into this year as you'll see on your documentation is $1,143,859. 82 00:05:45,940 --> 00:05:53,480 With a 0% change in property taxes from FY25, our potential reserve foregone amount for FY25 83 00:05:53,480 --> 00:06:00,280 for your consideration pending this resolution is a hundred and ten thousand and two hundred 84 00:06:00,280 --> 00:06:07,280 eighty three dollars. Our staff recommendation today is to consider a motion to adopt resolution 85 00:06:07,280 --> 00:06:12,820 twenty twenty four oh nine, reserving the foregone amount for fiscal year twenty twenty 86 00:06:12,820 --> 00:06:19,100 five for potential use in subsequent years. Thank you. Questions? 87 00:06:21,130 --> 00:06:22,570 If not I will open 88 00:06:22,570 --> 00:06:26,430 out the public hearing portion of this agenda item. 89 00:06:27,470 --> 00:06:29,390 Anybody in the room would like a comment 90 00:06:29,390 --> 00:06:31,310 or do we have anybody online? 91 00:06:32,750 --> 00:06:34,770 Hearing none and seeing none, I will 92 00:06:34,770 --> 00:06:38,870 close the public hearing section of this particular agenda 93 00:06:38,870 --> 00:06:42,590 item for the council discussion or motion. 94 00:06:44,290 --> 00:06:47,450 I move to adopt resolution 202409, 95 00:06:47,690 --> 00:06:50,350 reserving the four-dome amount for fiscal year 2025 96 00:06:56,210 --> 00:06:59,990 We have a motion and a second. Is there any further discussion? 97 00:07:01,430 --> 00:07:02,810 Vote then. Jane? 98 00:07:03,930 --> 00:07:04,470 Yes. 99 00:07:04,850 --> 00:07:05,070 Keith? 100 00:07:06,270 --> 00:07:06,630 Yes. 101 00:07:06,950 --> 00:07:07,130 Michelle? 102 00:07:08,330 --> 00:07:08,600 Yes. 103 00:07:09,270 --> 00:07:11,130 Motion passes. Thank you very much. 104 00:07:11,250 --> 00:07:15,070 It leaves us with one other item and that is a motion to adjourn. 105 00:07:16,770 --> 00:07:17,310 We 106 00:07:21,470 --> 00:07:24,550 have a motion and a second, discussion and a vote. 107 00:07:24,850 --> 00:07:24,990 Jane? 108 00:07:25,910 --> 00:07:26,450 Yes. 109 00:07:27,170 --> 00:07:27,510 Michelle? 110 00:07:28,650 --> 00:07:29,030 Yes. 111 00:07:29,330 --> 00:07:29,530 Keith? 112 00:07:30,650 --> 00:07:31,190 Yes. 113 00:07:31,690 --> 00:07:32,570 We are adjourned. 114 00:07:32,690 --> 00:07:33,510 Thank you very much. 115 00:07:33,570 --> 00:07:34,250 Enjoy the weekend. 116 00:07:35,170 --> 00:07:35,890 Bye-bye. 117 00:07:35,990 --> 00:07:36,450 Thank you. 118 00:07:36,690 --> 00:07:36,770 Thank you.