95-8306r
79.:. ...
RESOLUTION NO. 8306
RESOLUTION ADOPTING A 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 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 FUND 1
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.
Resolution No. 8306
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4. The 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.
Adopted by the City Council of the City of Richfield, Minnesota this 11 th day of
December, 1995.
/:7~~U
Martin J. Kirs ,Mayor
ATTEST:
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Thomas P. Ferber, City Clerk '-"
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