VILLAGE OF CHAGRIN FALLS
FINANCE COMMITTEE
June 9, 2008

Members present: Patton, Milko, Subel
Also present: Himes, Bloom, Mayor Brick, Watterson, Evans, Lannon

The meeting was called to order at 6:15 p.m. by Chairman Steven Patton.

OPERATING LEVY

Mr. Bloom explained that the current 5.5 mill levy expires after next year, 2009. They need to renew it or act on it in some way either in this election in November or sometime next year. They moved it up to November to take a look at it then because of a possible police bond issue for a new building.
Mr. Bloom explained that a renewal would generate $600,000/year for the Village; a replacement would generate about $998,000/year; and a Charter millage would require approval of votes also, but instead of expiring in five years, a Charter millage is permanent.

Comments were heard and questions were answered.

Moved by Mr. Patton, seconded by Mr. Subel that we recommend to Council that we send both of these resolutions, the replacement and the renewal, down to the County Auditor’s Office. The motion carried unanimously.

The meeting adjourned at 6:23 p.m.

____________________________
Steven Patton, Chairman
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