12-03-07 Special
Call to order
Roll call
CITY OF RICHFIELD, MINNESOTA
SPECIAL CITY COUNCIL MEETING
MONDAY, DECEMBER 3, 2007
RICHFIELD CITY HALL
COUNCIL CHAMBERS
6700 PORTLAND AVENUE
7:00 P.M.
AGENDA
1. Truth in Taxation public hearing regarding 2008 property tax levy and 2007
revised/2008 proposed budget and proposed 2008 water, wastewater and storm
sewer utility rates
Notes:
Staff Report No. 314
Adjournment
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AGENDA ITEM # 1
REpORT # 314
......
STAFF REpORT
RICHFIELD
CITY COUNCIL MEETING
DECEMBER 3, 2007
REpORT PREPARED By:
CHRlS REGIS, FINANCE MANAGER
NAME, TITLE
COUNCIL PRESENTER:
.J;
REVIEWED BY CITY MANAGER:
ITEM FOR COUNCIL CONSIDERATION:
Conduct a truth in taxation public hearing regarding the 2008 property tax levy and 2007
Revised/2008 Proposed budget and proposed 2008 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 11, 2007.
I II. BACKGROUND I
· At the September 11, 2007 City Council meeting the City Council adopted
the 2008 preliminary property tax levy and selected December 3, 2007 as the
date for the statutory truth in taxation public hearing.
· Hennepin County has mailed the proposed 2008 property tax statements to
property owners in Richfield, which are based upon the proposed levy and
announce the date of the public hearing.
I III. BASIS OF RECOMMENDATION I
I A.. POLICY I
· Minnesota Statute mandates the truth in taxation public hearing, which
must be conducted on December 3,2007.
· All publications and notifications have been made pursuant to law.
1203TNT
· If the public testimony cannot be concluded on December 3, 2007, the
hearing must continue to December 10, 2007.
lB. CRITICAL ISSUES I
· If the public hearing is concluded on December 3, it would be
desirable to schedule the final adoption action on December 11, 2007
to allow ample time to conclude the truth in taxation process prior to
the deadline of December 28,2007.
Ic. FINANCIAL
. N/A
I D. LEGAL I
· The official adoption of the final levy and budget cannot occur at the
initial TNT hearing or at the continuation hearing, if one is held. A
c subsequent meeting is required for adoption. .
· The subsequent meeting for official adoption, must be held at least
one day after the initial TNT hearing or, if a continuation hearing is
held, either immediately after the continuation hearing or on a date
following the continuation hearing.
· A subsequent meeting may be held at a regularly scheduled Council
meeting or a Special Council meeting, but must be completed by
December 28,2007.
I IV. ALTERNATIVE RECOMMENDATION(S) I
· None with respect to conducting the public hearing, as it is mandated by
state law.
· If a continuation hearing is necessary then the final action on the levy must
be postponed until after the December 10, 2007 continuation hearing. Final
action could then be taken at the December 11, 2007 Regular City Council
meeting.
I V. ATTACHMENTS
. None.
I VI. PRINCIPAL PARTIES EXPECTED AT MEETING
. None.