08-24-92 agneda
CITY OF RICHFIELD
SPECIAL HOUSING AND REDEVELOPMENT AUTHORITY
MONDAY, AUGUST 24, 1992.
5:30 P.M.
COUNCIL CHAMBERS
AGENDA
CALL TO ORDER
I. CONSIDERATION OF APPROVAL OF PROPOSED PROPERTY TAX LEVY FOR
PAYABLE YEAR 1993 FOR CERTIFICATION TO HENNEPIN COUNTY AND
.SET OPTIONAL DATES FOR PUBLIC BUDGET HEARINGS FOR THE 1992
REVISED/1993 PROPOSED BUDGET AND TAX LEVY
HRA LETTER NO. 26
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.
/ I
. HOUSING AND REDEVELOPMENT AUTHORITY
HRA Letter No. 26
Agenda August 24, 1992
Issue Statement:
Approval of proposed property tax levy for payable year 1993 for
certification to Hennepin County and set optional dates for
public budget hearings for the 1992 Revised/1993 Proposed budget
and tax levy.
Background:
As required by the Truth-in-Taxation legislation, each taxing
authority must certify its proposed tax levy for the payable year
1993 to the County Auditor on or before September 15, 1992.
Taxing authority for the purposes 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, 1992. 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 30 and
December 21, 1992.
• 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. It was previously thought that a Truth-in-Taxation hearing
was also necessary for an HRA but the City has been subsequently
informed that such hearings are not required as part of the law.
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 9
with a continuation date of December 16, if it were to be
necessary. It would be appropriate for the HRA to hold the
public hearing prior to the December 9 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 1993
Housing Redevelopment Authority General Fund and Relocation
Information Fund tax levies.
2. Set a public budget hearing for 7:00 p.m. on November 16,
1992.
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 1993 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 may not be 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.
Alternative Recommendation:
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 1992 Revised/1993
Proposed budget.
is 2. The HRA could select a different date other than November 16
(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 24 is necessary to certify
preliminary levy to the County within the Truth-in-Taxation
statute time frame.
Res ct ully submitt d,
Devich
ADirector
SLD:cak
0
HRA RESOLUTION NO.
0
THE HOUSING AND REDEVELOPMENT AUTHORITY
IN AND FOR THE CITY OF RICHFIELD, MINNESOTA
RESOLUTION APPROVING PROPOSED 1993 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 1993
in the amount of $315,000 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 1993, and as the same are more fully detailed in the
Executive Director's official copy of the proposed budget for
the year 1993, in the amount of $311,030 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 1992, payable in 1993 for the following purposes:
Housing and Redevelopment Authority $150,987
Relocation Information Services and
Assistance $ 14,983
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
24th day of August, 1992.
Thomas E. Harms Chairman
ATTEST:
Joan Helmberger Secretary
0