12-05-05 SpecialCITY OF RICHFIELD, MINNESOTA
SPECIAL CITY COUNCIL MEETING
MONDAY, DECEMBER 5, 2005
COUNCIL CHAMBERS
6700 PORTLAND AVENUE
6:30 P.M.
AGENDA
Call to order
Roll call
1. Truth in Taxation public hearing regarding 2006 property tax levy and 2005
revised/2006 proposed budget and proposed 2006 water, wastewater and storm
sewer utility rates
Staff Report No. 225
Notes:
Adjournment
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AGENDA ITEM #
REPORT #
STAFF REPORT
CITY COUNCIL MEETING
DECEMBER 5, 2005
225
REPORT PREPARED BY:
CHRIS REGIS, FINANCE MANAGER
NAME, TITZE
COUNCIL PRESENTER:
REVIEWED BY CITY MANAGER:
.~
ITEM FOR COUNCIL CONSIDERATION:
Conduct a truth in taxation public hearing regarding the 2006 property tax levy and 2005
Revised/2006 Proposed budget and proposed 2006 water, wastewater and storm sewer utility
rates.
I. RECOMMENDED ACTION:
Conduct and close the truth in taxation public hearing and by motion:
schedule final action on the levy and budget items and utility rates for
the re ular Cit Council meetin of December 13, 2005.
II. BACKGROUND
• At the September 13, 2005 City Council meeting, the City Council adopted
the 2006 proposed property tax levy and selected December 5, 2005 as the
date for the statutory truth in taxation public hearing.
• Hennepin County has mailed the proposed 2006 property tax statements to
property owners in Richfield., which are based upon the proposed levy and
announce the date of the public hearing.
III. BASIS OF RECOMMENDATION
A. POLICY
• Minnesota Statute mandates the truth in taxation public hearing, which
must be conducted on December 5, 2005.
• All publications and notifications have been made pursuant to law.
1205TNT
• If the public testimony cannot be concluded on December 5, 2005, the
hearing must continue to December 12, 2005.
B. CRITICAL ISSUES
• If the public hearing is concluded on December 5, it would be
desirable to schedule the final adoption action on December 13, 2005
to allow ample time to conclude the truth in taxation process prior to
the deadline of December 27, 2005.
C. FINANCIAL
• N/A
D. LEGAL
• The official adoption of the final levy and budget cannot occur at the
initial truth in taxation hearing or at the continuation hearing, if one is
held. A subsequent meeting is required for adoption.
• The subsequent meeting for official adoption, must be held at least
one day after the initial truth in taxation hearing or, if a continuation
hearing is held, either immediately after the continuation hearing or on
a date following the continuation hearing.
• A subsequent meeting may be held at a regularly scheduled Council
meeting or a Special Council meeting, -but must be completed by
December 27, 2005.
IV. ALTERNATIVE RECOMMENDATION~S~
• None with respect to conducting the public hearing, as it is mandated by
State law.
If a continuation hearing is necessary then the final action on the levy must
be postponed until after the December 12, 2005 continuation hearing. Final
action could then be taken at the December 13, 2005 Regular City Council
meeting.
V. ATTACHMENTS
• None.
VI. PRINCIPAL PARTIES EXPECTED AT MEETING
• None.