95-8280r
53
RESOLUTION NO. 8280
RESOLUTION ADOPTING A PROPOSED BUDGET AND TAX LEVY
FOR THE YEAR 1996
WHEREAS, the Minnesota Truth in Taxation law provides for a proposed tax
levy to be certified to the County Auditor by September 15, 1995, and then recertified
before December 31, 1995.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Richfield, Minnesota as follows:
1. The proposed budget for the City of Richfield for the year 1996 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
Community Services
Transfers
TOTAL GENERAL FUND
$ 193,710
435,000
967,340
222,190
6,975,730
4,209,630
111,670
$13,115,270
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
1996, which are more fully detailed in the City Manager's official copy of the
1996 budget, are hereby found and determined to be as follows:
TOTAL GENERAL FUND
$13,115,270
3. There is hereby levied upon all taxable property in the City of Richfield a
direct ad valorem tax in the year 1995, payable in 1996 for the following
purposes and in the following amounts:
PURPOSE
GENERAL FUND1
AMOUNT
$7,637,200
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 1996 principal and interest. See
separate resolutions for the cancellation of the tax levies for debt service.
Resolution No. 8280
-2-
4. The proposed budget for the Housing and Redevelopment Authority of
Richfield for the year 1996 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 1995, payable in 1996 for the following purposes:
PURPOSE
AMOUNT
Housing and Redevelopment
Authority
Relocation Information
Services and Assistance
$149,800
$ 14,950
5. A certified copy of this resolution shall be transmitted to the County Auditor.
6. The Truth in Taxation public hearings shall be set for 7:00 p.m. December 6,
1995 with a continuation hearing at 7:00 p.m. December 13, 1995, if
necessary.
Adopted by the City Council of the City of Richfield, Minnesota this 11th day of
September, 1995.
7?J4dU
Martin J. Kirs , ayor
ATTEST:
<-j~ p~-
Thomas P. Ferber, City Clerk