CC Minutes - 01/25/06 Work Session

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M I N U T E S Eugene City Council Work Session McNutt Room—Eugene City Hall January 25, 2006 Noon COUNCILORS PRESENT: Jennifer Solomon, Betty Taylor, David Kelly, Gary Papé, Chris Pryor, Andrea Ortiz, Bonny Bettman. COUNCILORS ABSENT: George Poling. Her Honor Mayor Kitty Piercy called the meeting of the Eugene City Council to order. A. WORK SESSION: Measure 37 Givings Tax The council was joined for the item by City Attorney Glenn Klein. City Manager Dennis Taylor compli- mented staff on the work done on this item. He noted that Ballot Measure 37 led the City into uncharted territory and it was difficult to know how to proceed. Mr. Klein reviewed four options for collecting a tax or a charge to create a fund to pay compensation claims, outlined in the Agenda Item Summary (AIS) and attachments A through D. Option 1—Tax on ‘upzonings’ Option 2—Tax on City investment Option 3—Tax on increase from legislative change Option 4—Tax on capital gains Mr. Klein noted that Sue Cutsogeorge, Financial Analysis Manager for the Central Services Department, was available to answer questions. Mayor Piercy called for questions and comments from the council. Ms. Bettman complimented Mr. Klein and Ms. Cutsogeorge on the clarity of the materials in the AIS. She disagreed with the staff recommendation to do nothing at this time. She indicated she was not interested in the second option, which would utilize a tax on increased property values brought about by a local investment by the City. She also would not support the fourth option, which would tax the difference between a property’s purchase price and its current worth after improvements. She supported further exploration of options 1 and 3, however. MINUTES—Eugene City Council January 25, 2006 Page 1 Work Session