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[0:00] There's not much to it. Are we ready? All right. Good afternoon and welcome to the special
[0:07] council meeting of the mayor and city council of the city of Sun Valley. I call the meeting
[0:12] to order on August 16th at 4.02 p.m. We will have a roll call. Council President Conner.
[0:25] Councilman Sachs, and Councilmember Griffin, thank you, I'll lead us in the Pledge of Allegiance
[0:36] please.
[0:39] I pledge allegiance to the flag of the United States of America and to the Republic for
[0:45] Richard Sands, our nation, under God, indivisible, with liberty and justice for all.
[0:53] Thank you.
[0:57] Council, comment.
[0:59] Jay, any comment?
[1:03] Keith?
[1:05] No.
[1:06] Nothing since yesterday.
[1:07] Michelle.
[1:09] Nothing.
[1:10] Thank you, Mayor.
[1:10] Thank you, Mr. Keating.
[1:12] No comment.
[1:13] Thank you, Mr. Mayor.
[1:14] And I do not have a comment.
[1:16] We're going to the agenda.
[1:17] The public hearings, we have two on the agenda.
[1:19] to the first is the third reading and adoption of ordinance number 579 annual appropriation
[1:28] ordinance for the City of Sun Valley, Idaho for the fiscal year beginning October 1, 2024,
[1:36] an ordinance titled for the annual appropriation ordinance for the City of Sun Valley, Idaho
[1:41] for the fiscal year beginning October 1, 2024, appropriating the sum of $13,557,386 to defray
[1:55] the expenses and liabilities of the City of Sun Valley for said fiscal year, authorizing
[2:01] a levy of a sufficient tax upon taxable property and specifying the objects and
[2:07] the purposes for which said appropriation is made.
[2:11] City Administrator, what's new?
[2:14] Thank you, Mayor Jim Keating,
[2:16] City Administrator, City of Sun Valley.
[2:19] Pending any further questions of council,
[2:22] our staff recommendation is to today,
[2:25] consider a motion to hold the third reading,
[2:27] read by title only,
[2:29] and adopt ordinance number 579,
[2:32] annual appropriation ordinance.
[2:35] Does the council have any comment before I open up the public comment section of this
[2:41] article?
[2:42] No.
[2:43] Thank you.
[2:45] Okay.
[2:46] I will open up the public hearing section of this agenda item.
[2:52] Anybody in the room would like to make a comment, please approach the podium.
[2:59] Do we have anybody online?
[3:01] Nobody in the room would like to make a comment.
[3:03] Nobody online. I will close the public comment section of the hearing for the discussion or a motion
[3:10] I move to hold the third reading read by title only and adopt ordinance number 579 angelo appropriation ordinance
[3:19] second
[3:21] For the discussion or a vote Jane. I
[3:25] don't yes
[3:25] Keith
[3:27] Yeah, Michelle
[3:29] Yes.
[3:30] Motion is adopted.
[3:32] Mr. Keating, would you read my title on this?
[3:34] Yes, I will.
[3:35] Ordinance number 579.
[3:38] And ordinance titled the annual appropriation ordinance for the City of Sun Valley, Idaho,
[3:43] for the fiscal year beginning October 1st, 2024, appropriating the sum of $13,557,386
[3:53] dollars to defray the expenses and liabilities of the City of Sun Valley for said fiscal
[3:58] year, authorizing a levy of a sufficient tax upon the taxable property and specifying the
[4:05] objects and purposes for which said appropriation is made.
[4:10] Thank you.
[4:11] Agenda item number two is also a public hearing item review and approval of Resolution
[4:19] 2024-09, resolution of the city of Sun Valley
[4:23] reserving the foregone amount of the fiscal year 2024
[4:27] for potential use in subsequent years
[4:30] as described in Idaho code 63-802 et al.
[4:37] Mr. Keating.
[4:40] Thank you again, Mr. Mayor.
[4:42] As the council remembers are the budget
[4:45] that you just had the third breeding on
[4:47] includes zero percent change in property tax levy in FY25 as compared to the prior year FY24.
[4:56] Since we last got together, we've received and used updated info from the county to help
[5:02] calculate our foregone amount for your consideration for FY25. A couple of callouts,
[5:08] The updated information for total net taxable value in 2024 for the city of Sun Valley is
[5:18] currently $5.572 billion.
[5:23] The 2024 new construction value for the city of Sun Valley is $52.716 million.
[5:33] The existing foregone balance going into this year as you'll see on your documentation is $1,143,859.
[5:45] With a 0% change in property taxes from FY25, our potential reserve foregone amount for FY25
[5:53] for your consideration pending this resolution is a hundred and ten thousand and two hundred
[6:00] eighty three dollars. Our staff recommendation today is to consider a motion to adopt resolution
[6:07] twenty twenty four oh nine, reserving the foregone amount for fiscal year twenty twenty
[6:12] five for potential use in subsequent years. Thank you. Questions?
[6:21] If not I will open
[6:22] out the public hearing portion of this agenda item.
[6:27] Anybody in the room would like a comment
[6:29] or do we have anybody online?
[6:32] Hearing none and seeing none, I will
[6:34] close the public hearing section of this particular agenda
[6:38] item for the council discussion or motion.
[6:44] I move to adopt resolution 202409,
[6:47] reserving the four-dome amount for fiscal year 2025
[6:56] We have a motion and a second. Is there any further discussion?
[7:01] Vote then. Jane?
[7:03] Yes.
[7:04] Keith?
[7:06] Yes.
[7:06] Michelle?
[7:08] Yes.
[7:09] Motion passes. Thank you very much.
[7:11] It leaves us with one other item and that is a motion to adjourn.
[7:16] We
[7:21] have a motion and a second, discussion and a vote.
[7:24] Jane?
[7:25] Yes.
[7:27] Michelle?
[7:28] Yes.
[7:29] Keith?
[7:30] Yes.
[7:31] We are adjourned.
[7:32] Thank you very much.
[7:33] Enjoy the weekend.
[7:35] Bye-bye.
[7:35] Thank you.
[7:36] Thank you.