92-7916R6 ti
RESOLUTION NO. 7916
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
11,884,300
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*
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.
Resolution No. 7916
Page 2
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 directiad 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 I $ 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
14th day of September, 1992. ',
Mar in J. i ch Mayor
ATTEST:
~~~
Thomas P. Ferber City Clerk
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