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Home My WebLink About9.a Approval of 2007 Budget: Setting 2007 Leview and BudgetsAGENDA ITEM: Approval of 2007 Budget' Setting 2007 Levies Budgets AGENDA SECTION: New Business PREPARED BY: Jeff May, Finance Director AGENDA NO. ATTACHMENTS: 3 Resolutions APPROVED BY: RECOMMENDED ACTION: Motion to adopt a Resolution Approving the 2007 General Fund Operating Budget, the 2007 Capital Improvement Program (CIP) Budgets, the 2007 Insurance Budget and the 2007 Levy Required by the City of Rosemount. Motion to adopt a Resolution Levying a Tax for Construction of a State Armory Building. Motion to adopt a Resolution Approving a Special Tax Levy for Funding of an Armory. 4 ROSEMOUNT CITY COUNCIL City Council Meeting Date December 5, 2006 EXECUTIVE SUMMARY ISSUE Formally approve the 2007 levies and budgets. BACKGROUND Attached for Council consideration are the resolutions setting the 2007 levies and budgets for the City of Rosemount The first resolution approves the 2007 General Fund Operating Budget, the three 2007 CIP Budgets, the 2007 Insurance Fund Budget and the 2007 levy for the general operations and the special levies for Bonded Indebtedness, the Armory Indebtedness and our market value based referendum levy for the fire station. The last two resolutions concern the Armory Anucipatory Levies for the City SUMMARY Bringing these resolutions before you this evening meets the last part of the Truth -In- Taxation requirements that stipulate that all levies and budgets must be approved at a meeting subsequent to the public hearing or continuation hearing on budgets. That hearing was held last evening, Monday, December -4` and we are assuming at this time, closed that same evening Passing the resolutions tonight will allow us to certify the levies to the County in a timely fashion, as well as to finalize all of the other reporting requirements that we have with the State and the County. Packet page 183 of 222 CITY OF ROSEMOUNT DAKOTA COUNTY, MINNESOTA RESOLUTION 2006 A RESOLUTION APPROVING THE 2007 GENERAL FUND OPERATING BUDGET, THE 2007 CAPITAL IMPROVEMENT PROGRAM (CIP) BUDGETS, THE 2007 INSURANCE BUDGET AND THE 2007 LEVY REQUIRED BY THE CITY OF ROSEMOUNT WHEREAS, the City Council of the City of Rosemount has determined that budgets and special needs for the year 2007 will be in the amount of $15,384,400 for the General Operating Fund, the three CIP funds, the Insurance Fund levy and the Enterprise funds; and WHEREAS, the City Council has determined that special levies for Bonded Indebtedness (including $142,527 for the market value based referendum levy for the fire station) and the Armory Project total $1,957,319, and WHEREAS, the City Council has determined that actual incomes, fund transfers and anticipated aids will total $7,189,300, and WHEREAS, the City Council has determined that budgets for all Debt Service Funds total $4,628,700, and WHEREAS, the City Council has determined the budget for the Arena Fund to be $441,300, and WHEREAS, the City Council has received the Port Authority and the Utility Fund budgets approved by the Rosemount Port Authority and the Utility Commission. NOW, THEREFORE BE IT RESOLVED, that the total levy certified to the Dakota County Auditor shall be $10,360,222 for the regular levy and $142,527 for the market value based referendum levy, and BE IT FURTHER RESOLVED, that the City Council approves the 2007 General Fund departmental budgets as presented to them at the Budget Hearing held December 4, 2006, and BE IT FURTHER RESOLVED, that the City Council approves the three 2007 CIP Fund budgets, the 2007 Insurance Fund budget and the 2007 Arena Fund budget as presented to them at the Budget Hearing held December 4, 2006 Packet page 184 of 222 ADOPTED this 5 day of December, 2006. ATTEST: Amy Domeier, City Clerk (SEAL) Packet page 185 of 222 William H Droste, Mayor CERTIFICATION RESOLUTION 2006 I hereby certify that the foregoing is a true and correct copy of a resolution presented to and adopted by the City Council of Rosemount at a duly authorized meeting thereof, held on the 5 day of December, 2006, as disclosed by the records of said City in my possession. Amy Domeier, Rosemount City Clerk Motion by: Seconded by Voted in Favor: Voted Against: Members Absent: Packet page 186 of 222 CITY OF ROSEMOUNT DAKOTA COUNTY, MINNESOTA RESOLUTION 2006 A RESOLUTION LEVYING A TAX FOR CONSTRUCTION OF A STATE ARMORY BUILDING WHEREAS, the City Council of the City of Rosemount has entered into an agreement with the Minnesota Army National Guard to construct an Army National Guard Armory within the City of Rosemount. WHEREAS, Minnesota Statutes, Section 193 145, Subdivision 2, provides in part, that a municipality in which an armory has been constructed or is to be constructed hereunder may by resolution of its governing body irrevocably provide for levying and collecting annually for a specified period, not exceeding 40 years, a tax which, unless levied by a county, shall not exceed 0 00798 percent of taxable market value. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Rosemount as follows. 1. In accordance with Minnesota Statutes, Section 193.145, Subdivision 2, there is hereby levied upon all of the taxable property in the City a direct annual ad valorem tax in the amount of 0 00798 percent of that taxable market value spread upon the tax rolls and collected with and as part of other general property taxes in the City of Rosemount beginning in 1993 and continuing until all funding requirements for the construction of the armory have been satisfied 2. The proceeds of the levy shall be used for the purpose of funding the construction of a new state armory. 3. The obligation of the City to levy, collect, and pay over the taxes shall not be deemed to constitute an indebtedness of the City within the meaning of any provision of law or of its charter limiting its total or net indebtedness, and such taxes may be levied and collected without regard to any statutory or charter provision limiting the amount or rate of taxes which such county or municipality is otherwise authorized to levy. 4. The Clerk is hereby directed to file a certified copy of this resolution with the County Auditor of Dakota County, Minnesota, together with such other information as the Auditor shall require, and to obtain the Auditor's certificate that the tax levy has been made. ADOPTED this 5 th day of December, 2006. ATTEST: Amy Domeier, City Clerk (SEAL) Packet page 187 of 222 CERTIFICATION RESOLUTION 2006 William H. Droste, Mayor I hereby certify that the foregoing is a true and correct copy of a resolution presented to and adopted by the City Council of Rosemount at a duly authorized meeting thereof, held on the 5 th day of December, 2006, as disclosed by the records of said City in my possession. Amy Domeier, Rosemount City Clerk Motion by: Seconded by Voted in Favor Voted Against Members Absent: CITY OF ROSEMOUNT DAKOTA COUNTY, MINNESOTA RESOLUTION 2006 A RESOLUTION APPROVING A SPECIAL TAX LEVY FOR FUNDING OF AN ARMORY WHEREAS, the Minnesota Army National Guard has selected the City of Rosemount as the location of an Army National Guard Armory, and WHEREAS, the City Council of the City of Rosemount, by its Resolution No 1990 -24, adopted March 20, 1990, approved the establishment of an Armory within the City and is desirous of seeing this project completed, and WHEREAS, Minnesota Statutes Section 275.50, subdivision 5, clause (d) authorizes the City of Rosemount to levy an amount up to $95,000 for taxes levied beginning in 1990 for the purpose of acquiring an armory and to be serviced by the levy without regard to the limits on debt service and debt otherwise provided by Minnesota Statutes, chapter 193 or 475, and WHEREAS, the Rosemount City Council has held the required public hearing and met all public notice requirements for this special levy as set out in Minnesota Statute Section 275 50, subdivision 5, clause (d) NOW, THEREFORE, BE IT RESOLVED, that the City Council of the City of Rosemount hereby authorizes a special tax levy to be levied in 2006 and collected in 2007 in the amount of $95,000 for the purpose of meeting funding requirements for the construction of an Army National Guard Armory. Packet page 188 of 222 ADOPTED this 5 day of December, 2006. ATTEST: Amy Domeier, City Clerk William H Droste, Mayor RESOLUTION 2006 CERTIFICATION I hereby certify that the foregoing is a true and correct copy of a resolution presented to and adopted by the City Council of Rosemount at a duly authorized meeting thereof, held on the 5 day of December, 2006, as disclosed by the records of said City in my possession. (SEAL) Motion by. Seconded by: Voted in Favor: Voted Against: Members Absent: Packet page 189 of 222 Amy Domeier, Rosemount City Clerk