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12-06-09 AgendaCITY OF RICHFIELD, MINNESOTA SPECIAL CITY COUNCIL MEETING MONDAY, DECEMBER. 6, 2004 COUNCIL CHAMBERS 6700 PORTLAND AVENUE 6:30 P.M. AGENDA Call to order Roll call 1. Truth in Taxation public hearing regarding 2005 property tax levy and 2004 revised/2005 proposed budget and proposed 2005 water, wastewater and storm sewer utility rates Staff Report No. 200 Notes: Adjournment Auxiliary aids for individuals with disabilities are available upon request. Requests must be made at least 96 hours in advance to the Administrative Services Director at 612-861- 9702. SPECIAL CITY COUNCIL CLOSED EXECUTIVE SESSION IMMEDIATELY FOLLOWS.SPECIAL CITY COUNCIL MEETING CITY HALL EXECUTIVE CONFERENCE ROOM 6700 PORTLAND AVENUE Call to order Roll call Conduct City Manager's annual performance evaluation Adjournment _~ '~ O O N L V 0 .~ .~ 0 v J Related to: AGENDA ITEM # ~ REPORT # ~ n 0 STAFF REPORT CITY COUNCIL MEETING DECEMBER 6, 2004 CITY COUNCIL GOAL(S~ NO. N/A REPORT PREPARED BY: AND/OR~RICHFIELD 2020 GOAL(S~ NO CHRIS REGIS, FINANCE MANAGER NAME, TITLE COUNCIL, PRESENTER: DEPARTMENT DIRECTOR REVIEW: ' SIGNATURE REVIEWED BY CITY MANAGER: N/A ITEM FOR COUNCIL CONSIDERATION: Conduct a truth in taxation public hearing regarding the 2005 property tax levy and 2004 Revised/2005 Proposed budget and proposed 2005 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 14, 2004. III. BACKGROUND • At the September 13, 2004 City Council meeting the City Council adopted the 2005 proposed property tax levy and selected December 6, 2004 as the date for the statutory truth in taxation public hearing. • Hennepin County has mailed the proposed 2005 property tax statements to property owners in Richfield, which are based upon the proposed levy and announce the date of the public hearing. 120103 TNT ~ III. BASIS OF RECOMMENDATION A. POLICY • Minnesota Statute mandates the truth in taxation public hearing, which must be conducted on December 6, 2004. • All publications and notifications have been made pursuant to law. • If the public testimony cannot be concluded on December 6, 2004, the hearing must continue to December 13, 2004. B. CRITICAL ISSUES • If the public hearing is concluded on December 6, it would be desirable to schedule the final adoption action on December 14, 2004 to allow ample time to conclude the truth in taxation process prior to the deadline of December 27, 2004. C. FINANCIAL • N/A D. LEGAL • The official adoption of the final levy and budget cannot occur at the initial TNT 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 TNT 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, 2004. 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 13, 2004 continuation hearing. Final action could then be taken at the December 14 Regular City Council meeting. I V. ATTACHMENTS • None. I VI. PRINCIPAL PARTIES EXPECTED AT MEETING f • None.