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99-8766r 23 . ' RESOLUTION NO. 8766 RESOLUTION AUTHORIZING A LEVY CERTIFICATION TAX RATE INCREASE FOR THE 1999 TAX LEVY, PAYABLE IN 2000 WHEREAS, the County Auditor is required to provide information to affected cities and the county board that will allow the local government to calculate what its levy certification tax rate would be in the coming year if the levy was held constant; and WHEREAS, the City Council must adopt a resolution at a public hearing if its levy will result in an increase in the levy certification tax rate over the baseline tax rate; and WHEREAS, the resolution must be filed with the County Auditor by October 20 of each year. NOW, THEREFORE, BE IT RESOLVED by the Council of the City of Richfield, County of Hennepin, Minnesota, as f9.ilows: 1. That the County Auditor is authorized to fix a property tax rate for taxes payable in the year 2000 that is higher than the levy certification tax rate calculated pursuant to Minnesota Statutes 2048.135 for the City of Richfield for taxes levied in 1998, payable in 1999. 2. Adoption of this resolution does not prohibit the City from certifying a final levy that will result in no levy certification tax rate increase or a tax rate decrease. 3. The City Clerk is hereby instructed to transmit a certified copy of this resolution to the county auditor of Hennepin County, Minnesota. Adopted by the City Council of the City of Richfield, Minnesota this 13th day of September, 1999. ATTEST: '/~ p~ Thomas P. Ferber, City Clerk