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09-01-92 agendaCITY OF RICHFIELD • TUESDAY, SEPTEMBER 1, 1992 SPECIAL CITY COUNCIL MEETING 7:00 P.M. COUNCIL CHAMBERS AGENDA CALL TO ORDER 1. CONSIDERATION AND DISCUSSION OF 1992 REVISED/1993 PROPOSED BUDGET, 1993 PRELIMINARY PROPERTY TAX LEVY AND TRUTH-IN- TAXATION HEARING DATES COUNCIL LETTER NO. 207 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 CITY OF RICHFIELD, MINNESOTA Council Letter No. 207 Agenda September 1, 1992 • Issue Statement: Consideration and discussion of 1992 Revised/1993 Proposed budget, 1993 preliminary property tax levy and Truth-in-Taxation hearing dates. Background: As required by the Truth-in-Taxation legislation (M.S. 275.065) each "taxing authority" must certify its proposed property tax levy for payable year 1993 to the County Auditor on or before September 15, 1992. "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, each "taxing authority" must certify to their County Auditor the date that has been selected for the Truth-in-Taxation hearing by September 15, 1992. The date 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. This Truth-in-Taxation public hearing must be held between November 30 and December 21, 1992. Before the City Council takes action on these issues, a presentation and discussion of the 1992 Revised/1993 Proposed budget and 1993, preliminary property tax levy would be desirable. • To that end, a special City Council meeting has been established, pursuant to the City Charter, for this purpose. City staff will present the budget to the City Council in a round table format to facilitate discussion. This is similar to the budget presentation format that has been used in the past. In addition to the 1992 Revised/1993 Proposed budget and preliminary property tax levy, City staff is also recommending dates for this year's Truth-in-Taxation public hearings. It is recommended that this year's hearing be set for 7:00 p.m., Wednesday, December 9, 1992 with a continuation date of 7:00 p.m., Wednesday, December 16, 1992, if necessary. As Council Members are aware, at that public hearing, the tax levy may be reduced from the preliminary tax levy, but not increased. The September 1, 1992 City Council meeting has been published and posted according to all requirements and is a Special City Council meeting 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, 1992. One regular City Council meeting, September 14, will occur prior to that deadline. Thus, action on this matter could be taken at either meeting. Recommended Motion: • Receive the 1992 Revised/1993 Proposed budget, 1993 preliminary property tax levy and proposed dates for the Truth-in-Taxation hearings for consideration and discussion. Basis for Recommendation: 1. The City Charter, establishes September 1, 1992 as the last day for City staff to present a 1992 Revised/1993 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 which are not in conflict with the Truth-in-Taxation statute. 2. Truth-in-Taxation timelines establish the process that must be followed to adopt a preliminary property tax levy. September 15 is the deadline for cities to submit a 1992 proposed property tax levy, proposed 1993 budget and Truth- in-Taxation hearing dates to the County Auditor. 3. The September 1 Special Council meeting provides an informal setting to discuss the proposed budget and tax levy prior to the deadline for official City Council action. 4. The draft 1992 Revised/1993 Proposed budget was not completed and ready for distribution until August 27, 1992. Certain revenue information from the State is not available to City staff until early August. Alternative Recommendation: 1. 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. 2. The City Council could decide to adopt the 1993 preliminary • property tax levy, 1992 Revised/1993 Proposed budget and set the Truth-in-Taxation hearing dates after discussion. 3. The City Council could adopt either a greater or lesser 1993 preliminary property tax levy, 1992 Revised/1993 Proposed budget or select other allowable Truth-in-Taxation hearing dates. Discussion/Decision Mode: The September 1, 1992 Special City Council meeting is set primarily for the purpose of presenting and discussing the 1992 Revised/1993 Proposed budget and the 1993 preliminary property tax levy. However, the City Council could decide to take official action on the tax levy and Truth-in-Taxation hearing dates at the conclusion of discussion. September 14, 1992 would be the last possible date for the City Council to officially take action on these matters. Re c ully submitted, am D. Prosser C' Manager 0 JDP:cak 0 RESOLUTION NO. RESOLUTION ADOPTING A PROPOSED BUDGET AND TAX LEVY FOR THE YEAR 1993 WHEREAS, the Minnesota Truth in Taxation law provides for a proposed tax levy to be certified to the County Auditor by September 15, 1992, and then recertified before December 28, 1992. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Richfield as follows: 1. The proposed budget for the City of Richfield year 1993 is hereby approved and adopted with appropriations for each of the departments to follows: GENERAL FUND • Legislative $ 176,250 Executive 400,650 Administrative Services 851,570 Community Development 241,760 Public Safety 6,297,880 Community Services 3,916,190 TOTAL GENERAL FUND 11,884,300 for the be as 2. The estimated gross revenue of the City of Richfield from all sources, including general ad valorem tax levies as hereinafter set forth for the year 1993, which are more fully detailed in the City Manager's official copy of the budget, are hereby found and determined to be as follows: TOTAL GENERAL FUND 3. There is hereby levied upon all taxable property in the City of Richfield a direct ad valorem tax in the year 1992, payable in 1993 for the following purposes and in the following amounts: • PURPOSE GENERAL FUND* 11,884,300 AMOUNT $7,122,366 *Provision has been made in the General Fund for the payment of the City's contributory share to the Public Employees' Retirement Association and Fire Relief Association. Provision has also been made in the General Fund revenues for a general levy that includes a debt service levying in the amount of $350,067 for Bonds of 1972, 1977, 1978, 1983, and 1985. See separate resolutions on other bond issues. 4. The budget for the Housing and Redevelopment Authority of Richfield for the year 1993 is hereby ratified and approved. There is hereby levied upon all taxable property in the City of Richfield a direct ad valorem tax in the year 1992, payable in 1993 for the following purposes: PURPOSE AMOUNT Housing and Redevelopment Authority $150,987 Relocation Information, Services and Assistance $ 14,983 5. A certified copy of this resolution shall be transmitted to the County Auditor. Passed by the City Council of the City of Richfield, Minnesota, this th day of September, 1992. Martin J. Kirsch Mayor 0 ATTEST: Thomas P. Ferber City Clerk