12-10697r RESOLUTION NO. 10697
RESOLUTION ADOPTING A PROPOSED BUDGET AND TAX LEVY
FOR THE YEAR 2013
WHEREAS, the Minnesota Truth in Taxation law provides for a proposed tax levy
to be certified to the County Auditor by September 15, 2012 and then recertified before
December 31, 2012.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Richfield, Minnesota as follows:
1. The budget for the City of Richfield for the year 2013 is hereby approved and
adopted with appropriations for each of the departments to be as follows:
General Fund
Legislative/Executive $ 738,050
Administrative Services 1,168,270
Public Safety 8,095,470
Fire Services 3,568,360
Community Development 1,194,600
Public Works 4,175,300
Recreation Services 1,636,970
TOTAL GENERAL FUND $20,577,020
2. The estimated gross revenue of the City of Richfield from all sources,
including general ad valorem tax levies as hereinafter set forth for the year
2013 which are more fully detailed in the City Manager's official copy of the
2013 budget, are hereby found and determined to be as follows:
TOTAL GENERAL FUND $20,577,020
3. There is hereby levied upon all taxable property in the City of Richfield a
direct ad valorem tax in the year 2012, payable in 2013 for the following
purposes and in the following amounts:
PURPOSE AMOUNT
General Fund' $14,687,7552
Equipment 700,000
Debt Service 2,047,557
Cedar Point Tax Abatement 309,639
1 Provision has been made in the General Fund for the payment of the City's
contributory share to Public Employees' Retirement Association.
2 General Fund Levy includes all fiscal disparities distribution amounts.
4. The budget for the Housing and Redevelopment Authority of Richfield for the
year 2013 is hereby ratified and approved. There is hereby levied upon all
taxable property in the City of Richfield a direct ad valorem tax in the year
2012, payable in 2013 for the following purposes:
PURPOSE AMOUNT
Housing and Redevelopment Authority $456,617
5. A certified copy of this resolution shall be transmitted to the County Auditor.
6. The Truth in Taxation public hearing shall be set for 7:00 p.m. December 4,
2012.
Adopted by the City Council of the City of Richfield, Minnesota this 11th day of
September 2012.
IDLJA
Debbie Goettel, Mayor
ATTEST:
Nancy Gill, City Clerk