120214-TNT-CompleteAgenda SPECIAL CITY COUNCIL MEETING
RICHFIELD MUNICIPAL CENTER, COUNCIL CHAMBERS
DECEMBER 2, 2014
6:00 PM
Call to order
1. Truth in taxation public hearing regarding the 2015 property tax levy and 2014 Revised/2015 Proposed
budget and proposed 2015 water, wastewater, and storm sewer utility rates.
Staff Report No. 217
Adjournment
Auxiliary aids for individuals with disabilities are available upon request. Requests must be made at least 96
hours in advance to the City Clerk at 612-861-9738.
AGENDA SECTION: Special Meeting Items
AGENDA ITEM# 1.
STAFF REPORT NO. 217
CITY COUNCIL MEETING
12/2/2014
REPORT PREPARED BY: Chris Regis, Finance Manager
DEPARTMENT DIRECTOR REVIEW: Steven L. Devich
OTHER DEPARTMENT REVIEW: None
CITY MANAGER REVIEW: Steven L. Devich
ITEM FOR COUNCIL CONSIDERATION:
Truth in taxation public hearing regarding the 2015 property tax levy and 2014 Revised/2015 Proposed
budget and proposed 2015 water, wastewater, and storm sewer utility rates.
EXECUTIVE SUMMARY:
• At the September 9, 2014 City Council meeting the City Council adopted the 2015 preliminary property tax
levy and announced December 2, 2014 at 6:00 p.m. as the date and time for the statutory truth in taxation
public hearing.
• Hennepin County has mailed the proposed 2015 property tax statements to property owners in Richfield,
which are based upon the proposed levy and announce the date of the public hearing.
RECOMMENDED ACTION:
Conduct and close the truth in taxation public hearing and by motion: schedule final action on the levy
and budget items, utility rates, for the regular City Council meeting of December 9, 2014.
BASIS OF RECOMMENDATION:
A. HISTORICAL CONTEXT:
None.
B. POLICIES (resolutions, ordinances, regulations, statutes, exc):
• The requirement to hold a special TNT public hearing and continuation hearing have been repealed.
• Counties, cities over 500 population,school districts,and metropolitan special taxing districts are still required
to hold a single meeting which the public is allowed to speak and the budget and levy is discussed.
• This meeting may be part of a regularly scheduled meeting but must occur after 6:00 p.m.
• Minnesota Statutes mandates that the truth in taxation public hearing must be conducted between November
25 and December 29, 2014.
• The City has chosen to select a separate date, December 2, 2014 at 6:00 p.m.,to conduct the TNT hearing.
• The requirement to publish a notice of a Truth in Taxation hearing and proposed property tax levy is no longer
required.
c. CRITICAL TIMING ISSUES:
• Schedule the final adoption action for the 2014 Revised/2015 Budget and tax levy and utility rates for
December 9, 2014.
• The City must adopt their final payable 2015 property tax levies and their proposed 2015 budgets not later than
December 29,2014.
D. FINANCIAL IMPACT:
None.
E. LEGAL CONSIDERATION:
• The City has scheduled December 2, 2014 for the TNT hearing and December 9,2014 for the official adoption of
the final levy and budget.
• Final adoption of the payable 2015 property tax levies must be completed by December 29,2014.
ALTERNATIVE RECOMMENDATION(S):
• None with respect to conducting the public hearing, as it is mandated by state law.
PRINCIPAL PARTIES EXPECTED AT MEETING:
None.