08-10174rRESOLUTION NO. 10174
RESOLUTION ADOPTING A PROPOSED BUDGET AND TAX LEVY
FOR THE YEAR 2009
WHEREAS, the Minnesota Truth in Taxation law provides for a proposed tax levy to
be certified to the County Auditor by September 15, 2008 and then recertified before
December 29, 2008.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Richfield,
Minnesota as follows:
The budget for the City of Richfield for the year 2009 is hereby approved and
adopted with appropriations for each of the departments to be as follows:
General Fund
Legislative/Executive
Administrative Services
Public Safety
Fire Services
Community Development
Public Works
Recreation Services
TOTAL GENERAL FUND
$ 866,880
1,189,130
8,355,240
3,248,080
282,120
4,175,320
1,688,710
$19,805,480
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 2009 which are
more fully detailed in the City Manager's official copy of the 2009 budget, are
hereby found and determined to be as follows:
TOTAL GENERAL FUND $19,805,480
3. There is hereby levied upon all taxable property in the City of Richfield a direct ad
valorem tax in the year 2008, payable in 2009 for the following purposes and in
the following amounts:
PURPOSE AMOUNT
General Fun $12,520,5222
G.O. Improvement Bonds, Series 2007A 371,800
G.O. Improvement Bonds, Series 20076 263,700
G.O. Improvement Bonds, Series 2008A 415,644
G.O. Capital Notes, Series 20086 291,663
G.O. Improvement Bonds, Series 2009A 208,872
Cedar Point Tax Abatement 232,338
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 amounts.
4. The budget for the Housing and Redevelopment Authority of Richfield for the year
2009 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 2008, payable
in 2009 for the following purposes:
PURPOSE
AMOUNT
Housing and Redevelopment Authority $596,361
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 9th day of
December 2008.
C
Debbie Goettel, Mayor
ATTEST:
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Nancy Gib ,City Clerk