2025-12-09 Resolution 12381 with CertificationCity of Richfield December 9, 2025
County of Hennepin
State of Minnesota
RESOLUTION NO. 12381
1 of 3
Motion by: Coleman-Woods
Seconded by: Burk
RESOLUTION ADOPTING A BUDGET AND TAX LEVY FOR
THE YEAR 2026
WHEREAS, the Minnesota Truth in Taxation law provides for a proposed tax levy to be
certified to the County Auditor by September 30, 2025, and then recertified before December
29, 2025.
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 2026 is hereby approved and
adopted with appropriations for each of the departments to be as follows:
GENERAL FUND
Legislative/Executive 1,360,777
Administrative Services 1,427,977
Finance 701,628
Public Safety 13,642,788
Fire Services 6,641,729
Community Development 1,916,110
Public Works 5,949,340
Recreation Services 2,561,200
0.44% related to PFML 115,000
Transfers Out 372,250
Fund Balance Reserve 445,316
TOTAL GENERAL FUND $ 35,134,115
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 2026 which are
more fully detailed in the City Manager’s official copy of the 2026 budget, are
hereby found and determined to be as follows:
TOTAL GENERAL FUND $ 35,134,115
3. There is hereby levied upon all taxable property in the City of Richfield a direct
ad valorem tax in the year 2025, payable in 2026 for the following purposes
and in the following amounts:
PURPOSE AMOUNT
General Fund1 $25,475,8832
Equipment 1,682,308
Economic Development Authority 645,160
Debt Service 3,946,030
City of Richfield December 9, 2025
County of Hennepin
State of Minnesota
RESOLUTION NO. 12381
2 of 3
1Provision has been made in the General Fund for the payment of the City’s
contributory share to Public Employees’ Retirement Association.
2General Fund Levy includes all fiscal disparities distribution amounts.
4. The debt service tax levy as established in the bond documents for the G.O.
Special Assessment Bonds, Series 2013A shall be $149,730.
5. The debt service tax levy as established in the bond documents for the G.O. Street
Reconstruction Bonds, Series 2015A will be reduced from $631,056.57 to $279,582
due to the utilization of gas and electric franchise fees.
6. The debt service tax levy as established in the bond documents for the G.O.
Special Assessment Bonds, Series 2016B shall be $530,750.
7. The debt service tax levy as established in the bond documents for the G.O.
Bonds, Series 2016C shall be $697,313.
8. The debt service tax levy as established in the bond documents for the G.O.
Bonds, 2017A shall be $588,500.
9. The debt services tax levy as established in the bond documents for the G.O.
Bonds, 2017B shall be $339,675.
10. The debt service tax levy as established in the bond documents for the G.O. Street
Reconstruction Bonds, Series 2018A will be reduced from $700,061.25 to $284,025
due to the utilization of gas and electric franchise fees.
11. The debt service tax levy as established in the bond documents for the G.O.
Bonds, Series 2019A shall be $356,700.
12. The debt service tax levy as established in the bond documents for the
G.O. Bonds, Series 2020A shall be $187,570.
13. The debt service tax levy as established in the bond documents for the
G.O. Bonds, Series 2020B shall be $126,985.
14. The debt service tax levy as established in the bond documents for the G.O.
Bonds, Series 2022A shall be $405,200.
15. The budget for the Housing and Redevelopment Authority of Richfield for the year
2026 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 2025, payable in
2026 for the following purposes:
PURPOSE AMOUNT
Housing and Redevelopment Authority $742,230
16. A certified copy of this resolution shall be transmitted to the County Auditor.
City of Richfield December 9, 2025
County of Hennepin
State of Minnesota
RESOLUTION NO. 12381
3 of 3
Adopted by the City Council of the City of Richfield, Minnesota this 9th day of
December, 2025.
VOTING AYE VOTING NAY
Supple, Mary Supple, Mary
Burk, Walter Burk, Walter
Christensen, Sharon Christensen, Sharon
Coleman-Woods, Rori Coleman-Woods, Rori
Hayford Oleary, Sean Hayford Oleary, Sean
Mary Supple, Mayor
ATTEST:
Michelle Friedrich, City Clerk
STATE OF MINNESOTA )
)
COUNTY OF HENNEPIN ) ss
)
CITY OF RICHFIELD )
I, Michelle Friedrich, City Clerk of the City of Richfield, Hennepin County,
Minnesota, do hereby certify that the foregoing is a true and exact copy of Resolution No.
12381.
And that the same is on file and on record in my office.
Given under my hand and seal
This 12th day of December, 2025
Michelle Friedrich
City Clerk
City of Richfield
Hennepin County, Minnesota