93-8049r6
RESOLUTION NO. 8049
RESOLUTION ADOPTING A PROPOSED BUDGET AND TAX LEVY
FOR THE YEAR 1994
WHEREAS, the Minnesota Truth in Taxation law provides for a
proposed tax levy to be certified to the County Auditor by September
15, 1993, and then recertified before December 31, 1993.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Richfield as follows:
1. The proposed budget for the City of Richfield for the year
1994 is hereby approved and .adopted with appropriations for
each of the departments to be as follows:
GENERAL FUND
Legislative $ 183,600
Executive 407,350
Administrative Services 943,070
Community Development 261,280
Public Safety 6,581,080
Community Services 3,833,690
TOTAL GENERAL FUND 12,210,070
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 1994, which are more
fully detailed in the City Manager's official copy of the
budget, are hereby found and determined to be as follows:
TOTAL GENERAL FUND
12,210,070
3. There is hereby levied upon all taxable property in the
City of Richfield a direct ad valorem tax in the year
1993, payable in 1994 for the following purposes and in
the following amounts:
PURPOSE
GENERAL FUND*
AMOUNT
$7,348,600
*Provision has been made in the General Fund for the payment
of the City's contributory share to Public Employees'
Retirement Association and Fireman's Relief Associations.
Provision has also been made in the General Fund revenues for a
general levy that includes a debt service levy in the amount
of $250,000 for Bonds of 1977 and 1983. See separate
resolutions on other bond issues.
Resolution No. 8049
Page 2
4. The budget for the Housing and Redevelopment Authority of
Richfield for the year 1994 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 1993, payable in 1994 for the
following purposes:
PURPOSE
AMOUNT
Housing and Redevelopment Authority $148,392
Relocation Information, Services and
Assistance S 14,726
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 1, 1993 and 7:00 p.m. December 8, 1993.
Passed by the City Council of the City of Richfield, Minnesota, this
13th day of September, 1993.
c
Martin J. K rsch Mayor
ATTEST:
Thomas P. Ferber City Clerk