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08-30-00 agenda• CITY OF RICHFIELD, MINNESOTA WEDNESDAY, AUGUST 30, 2000 RICHFIELD CITY HALL 6700 PORTLAND AVENUE SPECIAL CITY COUNCIL MEETING COUNCIL CHAMBERS 7:00 P.M. AGENDA Call to order Roll call Consideration and discussion of 2000 revised/2001 proposed budget, 2001 preliminary property tax levy and truth-in-taxation hearing dates Staff Report No. 218 • 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 861-9702. 0 • AGENDA ITEM # l REPORT# 218 STAFF REPORT wMallm CITY COUNCIL MEETING 0 AUGUST 309 2000 REPORT PREPARED BY: CHRIS REGIS, FINANCE MANAGER NAME, TITLE REPORT PRESENTER: STEVE DEVICH, ADMINISTRATIVE SERVICES DIRECTOR / ? / NAME, TITLE DEPARTMENT DIRECTOR REVIEW: REVIEWED BY CITY MANAGER: [ 1 • ITEM FOR COUNCIL CONSIDERATION: Consideration and discussion of 2000 Revised/2001 Proposed, 2001 preliminary property tax levy and Truth in Taxation hearing dates. 1. RECOMMENDED ACTION: By Motion: Receive the 2000 Revised/2001 Proposed budget, 2001 preliminary property tax levy and proposed dates for the Truth in Taxation hearings and resolutions contained in the budget canceling special assessment levies for consideration and discussion. III. BACKGROUND The City Charter establishes September 1, 2000 as the last day for City staff to present a 2000 Revised/2001 Proposed Budget to the City Council. Before the City Council takes action on these items, a presentation and discussion of the 2000 Revised/2001 Proposed Budget and 2001 preliminary property tax levy are desirable. To that end, two special City Council meetings, August 30 and September 6 (if necessary), have been established, pursuant to the City Charter, for this purpose. City staff will present the budget to the City Council in an informal format to facilitate discussion. This is similar to the budget presentation format that has been used in the past. 08302000Budget In addition to the 2000 Revised/2001 Proposed budget and preliminary property tax i levy, City staff is also recommending dates for this year's Truth in Taxation public hearings. In the last legislative session, the first and second Mondays in December were set aside for cities to conduct Truth in Taxation meetings. It is recommended that this year's hearings be set for 7 p.m. Monday, December 4, 2000 with a continuation date of 7 p.m. Monday, December 11, 2000 if necessary. As Council Members are aware, at these public hearings, the tax levy may be reduced from the preliminary tax levy but not increased. ' III. BASIS OF RECOMMENDATION A. POLICY • N/A B. CRITICAL ISSUES • The August 30 and September 6, 2000 City Council meetings have been published and posted according to all requirements and are Special City Council meetings at which City business may be conducted. • All official action concerning the preliminary tax levy and setting dates for the Truth in Taxation hearings must be concluded before September 15, 2000. One regular City Council meeting, September 11, will occur prior to that deadline. Thus, action on these matters could be taken at any of the three • meetings. • Along with the proposed tax levy and Truth in Taxation public hearing dates, the County has requested that the resolution which cancels a portion of the ad valorem tax levy for current special assessment bonds be adopted with the preliminary levy instead of with the final levy at the end of the Truth in Taxation hearings. This will assist the County in updating its records in a more timely manner. • Another resolution adopting the 2000 Revised Budget will also be presented for consideration. Adopting the resolution in September brings the revised budget process back closer in line with the Charter provision utilized before the Truth in Taxation process was implemented; and makes the revised budget a more realistic and useful financial tool. C. FINANCIAL • N/A D. LEGAL • The City Charter establishes September 1, 2000 as the last day for City staff to present a 2000 Revised/2001 Proposed Budget to the City Council. While the Truth in Taxation statute has overridden the Charter process for budget adoption, City staff still follows the Charter provisions that are not in conflict M with the Truth in Taxation statute. • As required by the Truth in Taxation legislation (MS 275.065) each "taxing authority" must certify its proposed property tax levy for payable year 2001 to the County Auditor on or before September 15, 2000. "Taxing authority" includes all counties, all school districts, all cities regardless of population, all towns and all special taxing districts. No local units of government are exempted from this requirement. In addition, September 15, 2000 is the deadline for the cities to submit Truth in Taxation hearing dates to the County Auditors. The dates for this hearing must not conflict with the hearing dates of the county or of the school district in which the "taxing authority" is located. The Truth in Taxation public hearing must be held between November 29 and December 20, 2000. • Finally, a new requirement adopted by the State Legislature in the 1999 session now provides that cities over 500 population must hold a public hearing and adopt a resolution if their proposed tax levy exceeds the previous year's levy. This public hearing and resolution will be scheduled for the Regular City Council meeting of September 11. IV. ALTERNATIVE RECOMMENDATION(S) • The City Council could continue or postpone discussion to another day in early September, as long as adequate time exists to meet the September 15 submission deadline. • The City Council could decide to adopt the 2001 preliminary property tax levy, 2000 Revised/2001 Proposed Budget, adopt the resolutions canceling special assessment levies and set the Truth in Taxation hearing dates after discussion at one of the special budget meetings. • The City Council could adopt either a greater or lesser 2001 preliminary property tax levy, 2000 Revised/2001 Proposed Budget or select other allowable Truth in Taxation hearing dates. V. ATTACHMENTS • None VI. PRINCIPAL PARTIES EXPECTED AT MEETING • None 0