10-10418rRESOLUTION NO. 10418
RESOLUTION ADOPTING A PROPOSED BUDGET AND TAX LEVY
FOR THE YEAR 2011
WHEREAS, the Minnesota Truth in Taxation law provides for a proposed tax levy
to be certified to the County Auditor by September 15, 2010 and then recertified before
December 31, 2010.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Richfield, Minnesota as follows:
1. The budget for the City of Richfield for the year 2011 is hereby approved and
adopted with appropriations for each of the departments to be as follows:
General Fund
Legislative/Executive
Administrative Services
Public Safety
Fire Services
Community Development
Public Works
Recreation Services
TOTAL GENERAL FUND
$ 748,060
1,121,350
7,620,570
3,401,630
1,114,510
4,131, 840
1,588,250
19,726,210
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
2011 which are more fully detailed in the City Manager's official copy of the
2011 budget, are hereby found and determined to be as follows:
TOTAL GENERAL FUND $19,726,210
3. There is hereby levied upon all taxable property in the City of Richfield a
direct ad valorem tax in the year 2010, payable in 2011 for the following
purposes and in the following amounts:
PURPOSE AMOUNT
General Fund' $13,403,4822
Debt Service 1,923,656
Cedar Point Tax Abatement 242,320
LGA & MVHC Levy 760,583
Provision has been made in the General Fund for the payment of the City's
contributory share to Public Employees' Retirement Association.
2 General Fund Levy includes all fiscal disparities distribution amounts.
4. The budget for the Housing and Redevelopment. Authority of Richfield for the
year 2011 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
2010, payable in 2011 for the following purposes:
PURPOSE
AMOUNT
Housing and Redevelopment Authority $552,812
5. A certified copy of this resolution shall be transmitted to the County Auditor.
6. The Truth in Taxation public hearing shall be set for 7:00 p.m. November 29,
2010.
Adopted by the City Council of the City of Richfield, Minnesota this 14th day of
September 2010.
Debbie Goettel, Mayor
ATTEST:
~,
Nancy Gibbs, C' Clerk