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12-05-2017 Special Complete AgendaS P E C IAL C ITY C O U N C IL ME E T IN G R IC H F IE L D MU N IC IPAL C EN TER, C O U N C IL C H AMB E R S D E C E MB E R 5, 2017 6:00 P M C all to order 1.S pecial Meeting Items C onduct a truth in taxation public hearing regarding the 2018 property tax levy and 2017 Revised/2018 P roposed budget and proposed 2018 water, wastewater, storm sewer utility, and street light rates. S taff Report No. 203 2.A djournment Auxiliary aids for individuals with disabilities are available upon request. R equests must be made at least 96 hours in advance to the C ity Clerk at 612-861-9738. AGENDA SECTION:Special Meeting Items AGENDA ITEM #1. STAFF REPORT NO. 203 CIT Y COUNCIL ME E T ING 12/5/2017 RE P O RT P RE PA RE D B Y: C hris Regi s, F iance Manager D E PA RTM E NT D IRE C TOR RE V IE W: S teven L . D evich, C ity Manager 11/29/2017 O TH E R D E PA RTM E NT RE V IE W: N/A C ITY M A NA G E R RE V IE W: S teven L . D evich, C ity Manager 11/29/2017 I T E M F O R C O UNC I L C O NS I D E RAT IO N: Conduct a truth in taxation public hearing regar ding the 2018 property tax levy and 2017 Revised/2018 Proposed budget and proposed 2018 water, wastewater, storm sewer utility, and street light rates. E X E C UT IV E S UM M ARY: At the September 12, 2017 C ity Council meeting, the City C ounc il adopted the 2018 preliminary property tax levy and announced December 5, 2017 at 6:00 p.m. as the date and time for the statutory truth in taxation public hearing. Hennepin County has mailed the proposed 2018 property tax statements to property owners in Richfield, which are based upon the proposed levy and announc e the date of the public hearing. RE C O M M E ND E D AC T IO N: Conduct and close the truth in taxation public hearing and by motion: S chedule final action on the levy and budget items, utility rates, for the regular City C ouncil meeting of December 12, 2017. B AS IS O F RE C O M M E ND AT IO N: A.H IS TOR IC AL C ON TEXT N/A B.P OL IC IE S (resolutions, ordinances, regulations, statutes, etc): The requirement to hold a special TNT public hearing and c ontinuation hearing have been repealed. Counties, c ities over 500 population, sc hool districts, and metropolitan spec ial taxing distric ts 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 oc cur after 6:00 p.m. Minnesota Statutes mandates that the truth in taxation public hearing must be conduc ted between November 25 and December 29, 2017. The C ity has c hosen to select a separate date, December 5, 2017 at 6:00 p.m., to conduc t 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.C R IT IC AL T IMIN G ISSU E S: Schedule the final adoption action for the 2017 Revised/2018 Budget and tax levy and utility rates for D ec ember 12, 2017. The C ity must adopt their final pay able 2017 property tax levies and their proposed 2018 budgets not later than D ec ember 29, 2017. D.F IN AN C IAL IMPAC T: N/A E.L E GAL C ON S ID E R AT ION : The C ity has sc heduled December 5, 2017 for the TNT hearing and December 12, 2017 for the offic ial adoption of the final levy and budget. Final adoption of the payable 2018 property tax levies must be completed by D ec ember 29, 2017. ALT E R N AT IV E R E C O MME N D AT IO N(S): None with respect to conduc ting the public hearing, as it is mandated by state law. P R IN C IPAL PAR TIE S EXP E C T E D AT ME E T IN G: N/A