Zimmerman, the County assessor, state law requires that taxing entities like the City when the assessor increases the assessed value of a property, taxing districts like the City are required to reduce the rate of their tax in order to only generate the same amount of revenue that they would’ve gotten had the value of property not been highly assessed. In fact, the last time approximately 30 years ago the voters of Clayton approved a tax increase it was to increase the tax rate to $.81 and because of the role back requirement of property values that increased the maximum rate now is approximately $.42. We have lost about half of that taxing capacity because the rate has been rolled back each time the assessor has increased the assessed value of property and the increased assessment does not result in a higher tax bill to property owners. Andrew Galakatos stated that the City will have greater citizen participation on the action of this tax increase by not having it for their convenience. He expressed concern that the City is holding a ballot for the special election in August versus November and there needs to be full disclosure and full knowledge for the citizens of Clayton. City Attorney O’Keefe added that there is no general election in odd numbered years; therefore, it is best for the City to be on the August ballot. Anne Martin commented on the assessments and how the tax bill has tripled in the last 30

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years, and this would cause an extra $3000 out-of-pocket. City Attorney O’Keefe explained that every fall the City submits to the State auditor a computation that justifies that the City has “rolled back” its right sufficiently to not benefit from an increased assessment. There is inflationary growth allowed and over the past 30 years there has also been inflation which is allowed so that the revenue keeps pace with the cost of living, but it is still a reduced ratio of the value. The City goes through this exercise each year in the fall and it is all public. Alderman Lintz clarified that those calculations are done at the “macro” level and not at the individual level, which that kind of effort is very time consuming and difficult. There are individual properties which will have some increase and other individual properties that will have some decrease. In reference to the $3000 amount mentioned, City Manager Gipson pointed out that on a single- family residence with a valuation of $700,000 the proposed tax increase would be $133. Alderman Buse expressed appreciation to Alderman Berkowitz for taking out of his vacation time to attend today’s meeting. Alderman McAndrew, in referencing the development projects mentioned by Dr. Galakatos, that Janet Watson and David Gipson can pretty accurately predict the future in terms of how much money the City will gain in the general fund; the Centene project will be coming on soon with Forsyth Point and Residence Inn being currently built.

City Attorney O’Keefe reads Bill No. 6839, first reading, an Ordinance Calling for an Election on August 3, 2021, for the Purpose of Submitting to the Qualified Voters of the City of Clayton a Question of Increasing the City’s Property Tax to Fund Essential City Services by title only. The motion passed unanimously on a voice vote. Motion made by Alderman Lintz that the Board give unanimous consent to consideration for adoption of Bill No. 6839 on the day of its introduction. Alderman Berkowitz seconded. The motion passed unanimously on a voice vote.

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Alderman Lintz introduced Bill No. 6839, to approve calling for an election on August 3, 2021, for the purpose of submitting to the qualified voters of the City of Clayton a question of increasing the City’s property tax to fund essential city services to be read for the second time by title only. Alderman Berkowitz seconded. City Attorney O’Keefe reads Bill No. 6839, second reading, an Ordinance Calling for an Election on August 3, 2021, for the Purpose of Submitting to the Qualified Voters of the City of Clayton a Question of Increasing the City’s Property Tax to Fund Essential City Services by title only. The motion passed on a roll call vote: Alderman Lintz – Aye; Alderman Berkowitz – Aye; Alderman McAndrew – Aye; Alderman Buse – Aye; Alderman Patel – Aye; and Mayor Harris – Aye. The bill, having received majority approval was adopted and became Ordinance No. 6699 of the City of Clayton. Alderman Berkowitz excused himself from the meeting at 3:27 p.m. PRESENTATION ON THE MUNICIPAL GARAGE STUDY

Matt Malick, Director of Public Works, provided a brief overview on the Municipal Garage study. John Wulf, Assistant Director of Public Works, was in attendance (virtually). Jim Stotlar and Morgan Perry, Occulus, provided the Board with a PowerPoint© presentation on the study. DISCUSSION ON THE MUNICIPAL JUDGE/PROSECUTOR SELECTION PROCESS

City Manager Gipson provided the Board with a PowerPoint© presentation on the Municipal Judge and Prosecutor selection process.