96-8384r
59
RESOLUTION NO. 8384
RESOLUTION ADOPTING A PROPOSED BUDGET AND TAX lEVY
FOR THE YEAR 1997
WHEREAS, the Minnesota Truth in Taxation law provides for a proposed tax
levy to be certified to the County Auditor by September 15, 1996, and then recertified
before December 31,1996.
NOW, THEREFORE, BE IT RESOl VEO by the City Council of the City of
Richfield, Minnesota as follows:
1. The proposed budget for the City of Richfield for the year 1997 is hereby
approved and adopted with appropriations for each of the departments to be
as follows:
General Fund
Legislative
Executive
Administrative Services
Community Development
Public Safety
Utility & Engineering
Maintenance Services
Recreation Services
Transfers
TOTAL GENERAL FUND
$ 199,500
448,040
945,690
228,860
7,363,070
276,190
2,700,120
1,336,400
111,670
$13,609,540
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
1997 which are more fully detailed in the City Manager's official copy of the
1997 budget, are hereby found and determined to be as follows:
TOTAL GENERAL FUND
$13,609,540
3. There is hereby levied upon all taxable property in the City of Richfield a
direct ad valorem tax in the year 1996, payable in 1997 for the following
purposes and in the following amounts:
PURPOSE
GENERAL FUND 1
AMOUNT
$ 7,787,0902
Resolution No. 8384
-2-
1 Provision has been made in the General Fund for the payment of the City's
contributory share to Public Employees' Retirement Association and the Fire
Relief Association. All authorized levies for debt service will be canceled as
there are sufficient funds available to pay 1997 principal and interest. See
separate resolutions for the cancellation of the tax levies for debt service.
2 General Fund levy included all fiscal disparities distribution and HACA
amounts.
4. The proposed budget for the Housing and Redevelopment Authority of
Richfield for the year 1997 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 1996, payable in 1997 for the following purposes:
PURPOSE
AMOUNT
Housing and Redevelopment
Authority
Relocation Information
Services and Assistance
$153,900
$ 15,300
5. A certified copy of this resolution shall be transmitted to the County Auditor.
6. The Truth in Taxation public hearings shall be setfor 7:00 p.m. December 4,
1996 with a continuation hearing at 7:00 p.m. December 11 , 1996, if
necessary .
Adopted by the City Council of the City of Richfield, Minnesota this 9th day of
September, 1996.
ATTEST:
~~ f?~~
Thomas P. Ferber, City Clerk