10-10455rRESOLUTION NO. 10455
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 28, 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 $ 748,070
Administrative Services 1,121,320
Public Safety 7,620,560
Fire Services 3,388,230
Community Development 1,114,520
Public Works 4,131,850
Recreation Services 1,588,260
TOTAL GENERAL FUND $19,712,810
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 $19,712,810
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
2008 LGA Unallotment 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 included 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.
Adopted by the City Council of the City of Richfield, Minnesota this 14th day of
December 2010.
ATTEST:
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Nancy Gibbs ty Clerk
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Debbie Goettel, Mayor