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HomeMy WebLinkAbout9.a. Approval of 2009 Budget: Setting 2009 Levies & BudgetsAGENDA ITEM: Approval of 2009 Budget: Setting 2009 Levies Budgets AGENDA SECTION: New Business PREPARED BY: Jeff May, Finance Director ci AGENDA NO. ATTACHMENTS: 2 Resolutions APPROVED BY: RECOMMENDED ACTION: Motion to adopt a Resolution Approving the 2009 General Fund Operating Budget, the 2009 Capital Improvement Program (CIP) Budgets, the 2009 Insurance Budget, the 2009 Port Authority Operating Levy and the 2009 Levy Required by the City of Rosemount. Motion to adopt a Resolution Levying a Tax for Construction of a State Armory Building. 9 ROSEMOUNT CITY COUNCIL City Council Meeting Date: December 2, 2008 EXECUTIVE SUMMARY ISSUE Formally approve the 2009 levies and budgets. BACKGROUND Attached for Council consideration are the resolutions setting the 2009 levies and budgets for the City of Rosemount. The first resolution approves the 2009 General Fund Operating Budget, the three 2009 CIP Budgets, the 2009 Insurance Fund Budget, the 2009 Port Authority operating levy and the 2009 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 resolution concerns the Armory Anticipatory 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 1st, and we are assuming at this time, closed that same evening. Passing the resolutions tonight will allow staff 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. CITY OF ROSEMOUNT DAKOTA COUNTY, MINNESOTA RESOLUTION 2008 A RESOLUTION APPROVING THE 2009 GENERAL FUND OPERATING BUDGET, THE 2009 CAPITAL IMPROVEMENT PROGRAM (CIP) BUDGETS, THE 2009 INSURANCE BUDGET, THE 2009 PORT AUTHORITY OPERATING LEVY AND THE 2009 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 2009 will be in the amount of $15,811,200 for the General Operating Fund, the three CIP funds, the Insurance Fund levy, the Port Authority operating levy and the Enterprise funds; and WHEREAS, the City Council has determined that special levies for Bonded Indebtedness (including $146,084 for the market value based referendum levy for the fire station) and the Armory Project total $1,476,834; and WHEREAS, the City Council has determined that actual incomes, fund transfers and anticipated aids will total $5,860,570; and WHEREAS, the City Council has determined that budgets for all Debt Service Funds total $5,425,100; and WHEREAS, the City Council has determined the budget for the Arena Fund to be $414,400; 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 $11,281,380 for the regular levy and $146,084 for the market value based referendum levy; and BE IT FURTHER RESOLVED, that the City Council approves the 2009 General Fund operating budget as presented to them at the Budget Hearing held December 1, 2008; and BE IT FURTHER RESOLVED, that the City Council approves the three 2009 CIP Fund budgets, the 2009 Insurance Fund budget, the 2009 Port Authority operating levy and the 2009 Arena Fund budget as presented to them at the Budget Hearing held December 1, 2008. ADOPTED this 2 day of December, 2008. ATTEST: Amy Domeier, City Clerk (SEAL) William H. Droste, Mayor CERTIFICATION RESOLUTION 2008 I hereby certify that the foregoing is a true and correct copy of a resolution presented to and adopted by dy the City Council of Rosemount at a duly authorized meeting thereof, held on the 2 day of December, 2008, 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 2008 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 2 day of December, 2008. ATTEST: Amy Domeier, City Clerk I hereby certify that the foregoing is a true and correct copy of a resolution presented to and adopted by dy the City Council of Rosemount at a duly authorized meeting thereof, held on the 2 day of December, 2008, as disclosed by the records of said City in my possession. (SEAL) CERTIFICATION RESOLUTION 2008 William H. Droste, Mayor Amy Domeier, Rosemount City Clerk Motion by: Seconded by: Voted in Favor: Voted Against: Members Absent: