120616CompleteAgendaSPECIAL CITY COUNCIL MEETING
RICHFIELD MUNICIPAL CENTER, COUNCIL CHAMBERS
DECEMBER 6, 2016
6:00 PM
Call to order
Conduct a truth in taxation public hearing regarding the 2017 property tax levy and 2016 Revised/2017
Proposed budget and proposed 2017 water, wastewater, storm sewer utility, and street light rates.
Staff Report No. 207
Adjournment
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REPORT PREPARED BY
AGENDA SECTION: Special Meeting Items
AGENDA ITEM # 1.
STAFF REPORT NO. 207
CITY COUNCIL MEETING
Chris Regis, Fiance Manager
DEPARTMENT DIRECTOR REVIEW: Steven Devich
12/1/2016
OTHER DEPARTMENT REVIEW: N/A.
CITY MANAGER REVIEW: STEVEN L. DEVICH
12/1/2016
12/6/2016
ITEM FOR COUNCIL CONSIDERATION:
Conduct a truth in taxation public hearing regarding the 2017 property tax levy and 2016 Revised/2017
Proposed budget and proposed 2017 water, wastewater, storm sewer utility, and street light rates.
EXECUTIVE SUMMARY:
• At the September 13, 2016 City Council meeting, the City Council adopted the 2017 preliminary
property tax levy and announced December 6, 2016 at 6:00 p.m. as the date and time for the statutory
truth in taxation public hearing.
• Hennepin County has mailed the proposed 2017 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 13, 2016.
BASIS OF RECOMMENDATION:
A. HISTORICAL CONTEXT
N/A.
B. POLICIES (resolutions, ordinances, regulations, statutes, etcy
• 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repealed.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 28, 2016.
• The City has chosen to select a separate date, December 6, 2016 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 2016 Revised/2017 Budget and tax levy and utility rates
for December 13, 2016.
• The City must adopt their final payable 2016 property tax levies and their proposed 2017 budgets
not later than December 28, 2016.
D. FINANCIAL IMPACT:
N/A.
E. LEGAL CONSIDERATION:
• The City has scheduled December 6, 2016 for the TNT hearing and December 13, 2016 for the
official adoption of the final levy and budget.
• Final adoption of the payable 2017 property tax levies must be completed by December 28, 2016.
ALTERNATIVE RECOMMENDATION(%
• None with respect to conducting the public hearing, as it is mandated by state law.
PRINCIPAL PARTIES EXPECTED AT MEETING:
N/A.