| Nibley
considers ways to raise funds for capital improvement
By Kelsey Koenen
October 5, 2007 | NIBLEY -- The City Council discussed
the city's consolidated 2007Capital Projects Budget
Thursday, which proved they would come up half of a
million dollars short next year if they don't change
their current status quo, possibly by raising sales
or property taxes. Projects mostly included parks or
land development.
Councilman Thayne Mickelson said the council needed
to remember the young families in their city that don't
have a lot of income. They must think for themselves
what they think for their residents.
"With the population we have … we cannot rely on sales
tax. We are a unique city with a great amount of growth
and very little sales tax base," City Manager Larry
Anhder said. Anhder told the council whether they decided
these projects were urgent was up to them, and Mayor
Gerald Knight brought up that with a 40 percent increase
on property taxes they would just fall in line with
Logan City's property tax rate.
Bonds were discussed as another option to raise the
money in order to get the work started as soon as possible
but could take as long as 40 years to pay off. These
expenses were outlining city needs for the next three
to six years.
Most expensive was the construction of 3200 South
being $4.6 million. The city still has $200,000 left
that has not yet been funded in the 2007 plan. Other
major projects included Heritage Park -- the construction
of its parking lot and the development of the northwest
quadrant, and Clear Creek Park development.
In other business, the ordinance addressing part of
the Zollinger Development was voted on. Fourteen acres
of agricultural land was changed to residential. The
vote was 4-1, with Scott Larsen opposed.
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