120611completeagendaTNT CITY OF RICHFIELD, MINNESOTA
SPECIAL CITY COUNCIL MEETING
TUESDAY, DECEMBER 6, 2011
RICHFIELD CITY HALL
COUNCIL CHAMBERS
6700 PORTLAND AVENUE
7:00 P.M.
AGENDA
Call to order
Roll call
1. Truth in Taxation public hearing regarding 2012 property tax levy and 2011
revised/2012 proposed budget and proposed 2012 water, wastewater and storm
sewer utility rates
Staff Report No. 238
Notes:
Adjournment
Auxiliary aids for individuals with disabilities are available upon request. Requests must
be made at least 96 hours in advance to the City Clerk at 612-861-9738.
AGENDA ITEM# 1
REPORT# 238
MAIO STAFF REPORT
RICHFIELD CITY COUNCIL MEETING
DECEMBER 6, 2011
REPORT PREPARED BY: CH' &fit.. - IS FINANCE MANAGER
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REVIEWED BY CITY MANAGER: IT /
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ITEM FOR COUNCIL CONSIDERATION:
Conduct a truth in taxation public hearing regarding the 2012 property tax levy and 2011
Revised/2012 Proposed budget and proposed 2012 water, wastewater and storm sewer utility
rates.
I. RECOMMENDED ACTION:
Conduct and close the truth in taxation public hearing and by motion:
schedule final action on the levy and budget items and utility rates for
the regular City Council meeting of December 13, 2011
II. BACKGROUND
At the September 13, 2011 City Council meeting the City Council adopted the 2012
preliminary property tax levy and announced December 6, 2011 at 7:00 p.m. as the
date and time for the statutory truth in taxation public hearing.
Hennepin County has mailed the proposed 2012 property tax statements to
property owners in Richfield, which are based upon the proposed levy and
announce the date of the public hearing.
III. BASIS OF RECOMMENDATION
A. POLICY
• The requirement to hold a special TNT public hearing and continuation
hearing have been repealed.
• Counties, cities over 500 population, school districts, and metropolitan
special taxing districts are still required to hold a single meeting which
the public is allowed to speak and the budget and levy is discussed.
1206TNT
• Counties, cities over 500 population, school districts, and metropolitan
special taxing districts are still required to hold a single meeting which
the public is allowed to speak and the budget and levy is discussed.
• This meeting may be part of a regularly scheduled meeting but must
occur after 6:00 p.m.
• Minnesota Statutes mandates that the truth in taxation public hearing
must be conducted between November 25 and December 28. 2011.
• The City has chosen to select a separate date, December 6, 2011 at
7:00 p.m., to conduct the TNT hearing.
• The requirement to publish a notice of a Truth in Taxation hearing and
proposed property tax levy is no longer required.
B. CRITICAL TIMING ISSUES
• Schedule the final adoption action for the 2011 Revised/2012 Budget
and tax levy and utility rates for December 13, 2011.
• The City must adopt their final payable 2012 property tax levies and
their proposed 2012 budgets not later than December 28, 2011.
C. FINANCIAL
• N/A
D. LEGAL
• The City has scheduled December 6, 2011 for the TNT hearing and
December 13, 2011 for the official adoption of the final levy and
budget.
• Final adoption of the payable 2012 property tax levies must be
completed by December 28, 2011.
E. ENVIRONMENTAL CONSIDERATIONS
• N/A
IV. ALTERNATIVE RECOMMENDATION(S)
• None with respect to conducting the public hearing, as it is mandated by
state law.
V. ATTACHMENTS
• None.
VI. PRINCIPAL PARTIES EXPECTED AT MEETING
• None.