08-30-93 agendaCITY OF RICHFIELD
SPECIAL HOUSING AND REDEVELOPMENT AUTHORITY
MONDAY, AUGUST 30, 1993
7:00 P.M.
COUNCIL CHAMBERS
AGENDA
CALL TO ORDER
I. CONSIDERATION OF APPROVAL OF PROPOSED PROPERTY TAX LEVY FOR
PAYABLE YEAR 1994 FOR CERTIFICATION TO HENNEPIN COUNTY AND
SET DATE FOR OPTIONAL PUBLIC BUDGET HEARING FOR 1993
REVISED/1994 PROPOSED BUDGET AND TAX LEVY
HRA LETTER N0. 36
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.
HOUSING AND REDEVELOPMENT AUTHORITY
HRA better No. 36
Agenda August 30, 1993
Issue Statement:
Approval of proposed property tax levy for payable year 1994 for
certification to Hennepin County and set optional date for public
budget .hearing for the 1993 Revised/1994 Proposed budget and tax
levy.
Backgrounds
As required by the Truth in Taxation legislation, each taxing
authority must certify its proposed tax levy for the payable year
1994 to the County Auditor on or before September 15, 1993.
Taxing authority for the purpose of this requirement includes all.
counties, school districts, cities, towns and special taxing
districts such as an HRA. No local unit of government is exempt
from this requirement. In addition, certain taxing authorities
must certify to the County Auditor the dates that have been
selected for Truth in Taxation hearing and for the continuation
of this hearing (if necessary) by September 15, 1993. In those
instances, the dates must not conflict with hearing dates of the
county or the school district in which that taxing authority is
located. Such hearings must be scheduled between November 29 and
December 20, 1993.
However, the Truth in Taxation law does not require the HRA to
hold a Truth in Taxation hearing prior to adoption of a final
levy. Instead, the final levy is adopted as part of the City's
final certification process.
The HRA could, however, decide to hold a public hearing on the
HRA budget and levy at some point in the future prior to the
City's adoption of a final levy. It is currently anticipated
that the City will hold a Truth in Taxation hearing on December 1
with a continuation date of December 8. The HRA could hold the
public hearing prior to the December 1 date to take final action
on the budget and to adopt a final levy so that the information
may be considered by the City Council during the City's Truth in
Taxation hearing and adoption of a final levy.
Recommended Motion:
1. Adopt the attached resolution. approving the Proposed 1994
Housing and Redevelopment Authority General Fund and
Relocation Information Fund tax levies.
2. Set a public budget hearing for 7 p.m. on November 15, 1993.
Basis of Recommendation:
1. The Minnesota Truth in Taxation law requires adoption of a
preliminary levy from each taxing authority.
2. The recommended levy is allowed under Minnesota levy limits
which are still in effect for housing redevelopment
authorities.
3. The budget and accompanying proposed levy for 1994 are ready
for consideration.
4. There is adequate time to meet the deadline for submission
to Hennepin County.
5. Even though a Truth in Taxation hearing is not required by
the State Statute, it would still be appropriate for the HRA
to hold a public hearing on the budget and adopt a final
levy sometime in November prior to the City°s consideration
of a final levy if the HRA .desired to do so.
Alternative Recommendations
1. The HRA could adopt a preliminary levy less than the one
proposed herein. However, that would not provide for
programs which are recommended in the 1993 Revised/1994
Proposed budget.
2. The HRA could select a different date other than November 15
(regular November HRA meeting) to conduct a public hearing
and adopt a final levy.
3. The HRA could simply proceed at a future date to adopt the
budget and levy without holding any public budget meeting..
Discussion/Decision Mode:
Action by the HRA on August 30 is necessary to certify
preliminary levy to the County within the Truth in Taxation
statute time frame.
Resp ctfully subm'tted,
~~
Steven L. Devich
Acting Executive Director
SLD:ds
HRA RESOLUTION N0.
THE HOUSING AND REDEVELOPMENT AUTHORITY
IN AND FOR THE CITY OF RICHFIELD, MINNESOTA
RESOLUTION APPROVING PROPOSED 1994 HOUSING AND REDEVELOPMENT
AUTHORITY BUDGET AND CERTIFYING THE PROPOSED TAX LEVY
BE IT RESOLVED by the Housing and, Redevelopment Authority of the City
of Richfield, Minnesota as follows:
Section 1. The .proposed budget for the Housing and Redevelopment
Authority General Fund of Richfield for the year 1994
in the amount of $428,990 is hereby ratified.
Section 2. The estimated gross revenue of the Housing and Redevelopment
Authority General Fund of Richfield from all sources, including
general ad valorem tax levies as hereinafter set forth for the
year 1994, and as the same are more fully detailed in the
Executive Director's official copy of the proposed budget for
the year 1994, in the amount of $498,180 are hereby approved.
Section 3. There is hereby levied upon all taxable property in the City of
Richfield a direct maximum amount allowable by law a proposed ad
valorem tax in 1993, payable in 1994 for the following purposes:
Housing and Redevelopment Authority $.148,392
Relocation Information Services and
Assistance $ 14,726
Section 4. A certified copy of this resolution shall be transmitted to the
County Auditor.
Passed by the Housing and Redevelopment Authority of Richfield, Minnesota this
30th day of August, 1993.
Thomas E. Harms Chairman
ATTEST:
Lawrence R. Wozniczka Secretary