98-8649r
9
RESOLUTION NO. 8649
RESOLUTION ADOPTING A BUDGET AND TAX LEVY
FOR THE YEAR 1999
WHEREAS, the Minnesota Truth in Taxation law provides for a proposed tax levy to
be certified to the County Auditor by September 15, 1998 and then recertified before
December 31, 1998.
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 1999 is hereby approved and
adopted with appropriations for each of the departments to be as follows:
General Fund
Legislative/Executive
Administrative Services
Public Safety
Community Development
Public Works
Recreation Services
Transfers
TOTAL GENERAL FUND
$ 687,360
980,440
8,023,440
245,040
3,182,510
1,425,250
28400
$14,572,440
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 1999 which are
more fully detailed in the City Manager's official copy of the 1999 budget, are
hereby found and determined to be as follows:
$ 14,572,440
TOTAL GENERAL FUND
3. There is hereby levied upon all taxable property in the City of Richfield a direct ad
valorem tax in the year 1998, payable in 1999 for the following purposes and in
th~ f()lIowing amounts:.
PURPOSE
AMOUNT
GENERAL FUND1
$ 8,054,792 2
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 included all fiscal disparities distribution and HACA
amounts.
Resolution No. 8649
-2-
4. The budget for the Housing and Redevelopment Authority of Richfield for the year
1999 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 1998, payable
in 1999 for the following purposes:
PURPOSE
AMOUNT
Housing and Redevelopment
Authority
$ 185,000
5. A certified copy of this resolution shall be transmitted to the County Auditor.
Adopted by the City Council of the City of Richfield, Minnesota this 14th day of
December, 1998.
~~~ Ll_
Martin J. Kir , Mayor
ATTEST:
4~ f! 0-,-,-
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Thomas P. Ferber, City Clerk