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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.
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I pledge allegiance to the flag of the United States of America and to the Republic for
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Richard Sands, our nation, under God, indivisible, with liberty and justice for all.
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Thank you.
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Council, comment.
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Jay, any comment?
[1:03]
Keith?
[1:05]
No.
[1:06]
Nothing since yesterday.
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Michelle.
[1:09]
Nothing.
[1:10]
Thank you, Mayor.
[1:10]
Thank you, Mr. Keating.
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No comment.
[1:13]
Thank you, Mr. Mayor.
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And I do not have a comment.
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We're going to the agenda.
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The public hearings, we have two on the agenda.
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to the first is the third reading and adoption of ordinance number 579 annual appropriation
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ordinance for the City of Sun Valley, Idaho for the fiscal year beginning October 1, 2024,
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an ordinance titled for the annual appropriation ordinance for the City of Sun Valley, Idaho
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for the fiscal year beginning October 1, 2024, appropriating the sum of $13,557,386 to defray
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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
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the purposes for which said appropriation is made.
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City Administrator, what's new?
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Thank you, Mayor Jim Keating,
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City Administrator, City of Sun Valley.
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Pending any further questions of council,
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our staff recommendation is to today,
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consider a motion to hold the third reading,
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read by title only,
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and adopt ordinance number 579,
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annual appropriation ordinance.
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Does the council have any comment before I open up the public comment section of this
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article?
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No.
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Thank you.
[2:45]
Okay.
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I will open up the public hearing section of this agenda item.
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Anybody in the room would like to make a comment, please approach the podium.
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Do we have anybody online?
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Nobody in the room would like to make a comment.
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Nobody online. I will close the public comment section of the hearing for the discussion or a motion
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I move to hold the third reading read by title only and adopt ordinance number 579 angelo appropriation ordinance
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second
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For the discussion or a vote Jane. I
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don't yes
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Keith
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Yeah, Michelle
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Yes.
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Motion is adopted.
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Mr. Keating, would you read my title on this?
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Yes, I will.
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Ordinance number 579.
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And ordinance titled the annual appropriation ordinance for the City of Sun Valley, Idaho,
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for the fiscal year beginning October 1st, 2024, appropriating the sum of $13,557,386
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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.
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Thank you.
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Agenda item number two is also a public hearing item review and approval of Resolution
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2024-09, resolution of the city of Sun Valley
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reserving the foregone amount of the fiscal year 2024
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for potential use in subsequent years
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as described in Idaho code 63-802 et al.
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Mr. Keating.
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Thank you again, Mr. Mayor.
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As the council remembers are the budget
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that you just had the third breeding on
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includes zero percent change in property tax levy in FY25 as compared to the prior year FY24.
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Since we last got together, we've received and used updated info from the county to help
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calculate our foregone amount for your consideration for FY25. A couple of callouts,
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The updated information for total net taxable value in 2024 for the city of Sun Valley is
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currently $5.572 billion.
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The 2024 new construction value for the city of Sun Valley is $52.716 million.
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The existing foregone balance going into this year as you'll see on your documentation is $1,143,859.
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With a 0% change in property taxes from FY25, our potential reserve foregone amount for FY25
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for your consideration pending this resolution is a hundred and ten thousand and two hundred
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eighty three dollars. Our staff recommendation today is to consider a motion to adopt resolution
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twenty twenty four oh nine, reserving the foregone amount for fiscal year twenty twenty
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five for potential use in subsequent years. Thank you. Questions?
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If not I will open
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out the public hearing portion of this agenda item.
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Anybody in the room would like a comment
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or do we have anybody online?
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Hearing none and seeing none, I will
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close the public hearing section of this particular agenda
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item for the council discussion or motion.
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I move to adopt resolution 202409,
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reserving the four-dome amount for fiscal year 2025
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We have a motion and a second. Is there any further discussion?
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Vote then. Jane?
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Yes.
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Keith?
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Yes.
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Michelle?
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Yes.
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Motion passes. Thank you very much.
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It leaves us with one other item and that is a motion to adjourn.
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We
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have a motion and a second, discussion and a vote.
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Jane?
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Yes.
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Michelle?
[7:28]
Yes.
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Keith?
[7:30]
Yes.
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We are adjourned.
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Thank you very much.
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Enjoy the weekend.
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Bye-bye.
[7:35]
Thank you.
[7:36]
Thank you.