HomeMy WebLinkAbout8. 2001 Tax Rate Increase.ti
CITY OF ROSEMOUNT
EXECUTIVE SUMMARY FOR ACTION
CITY COUNCIL MEETING DATE: October 3, 2000
AGENDA ITEM: Public Hearing for 2001 Tax Rate Increase
Authorization
AGENDA SECTION:
Public Hearing
PREPARED BY: Jeff May, Finance Director
AGENDA
ATTACHMENTS: Resolution, Memo from Dakota County
APPROVED BY:
The public hearing this evening is for the 1999 legislation that was passed mandating all cities and
counties approve a resolution to levy a dollar amount higher than that calculated by the County
Treasurer- Auditor which would result in a higher levy certification tax rate for the year 2001.
The resolution must be adopted at a public hearing. There is no special notification requirements as
there are for other items that you hold public hearings for. Holding the public hearing will sufficiently
meet all of the legislation's requirements for this law.
The resolution before you this evening is general in nature just stating that the levy certification rate
will increase. There will be no amount listed and there is none required. This is confusing because
we anticipate that our tax capacity rate will be actually decreasing for 2001 because of our growth,
but with the guidelines that the County received from the new legislation for these purposes our levy
amount and levy rate show an increase.
This resolution needs to be approved by the City council and delivered to the County prior to October
20th or our levy will be frozen at the 2000 level. At this time most cities and counties are approving
the resolution regardless if they think they will have an increase or not to protect themselves in the
event that they will.
RECOMMENDED ACTION:
Motion to adopt a RESOLUTION AUTHORIZING A TAX RATE INCREASE FOR THE 2000 TAX
LEVY, COLLECTIBLE IN 2001.
COUNCIL ACTION:
CITY OF ROSEMOUNT
DAKOTA COUNTY, MINNESOTA
RESOLUTION 2000 -
RESOLUTION AUTHORIZING A TAX RATE INCREASE
FOR THE 2000 TAX LEVY, COLLECTIBLE IN 2001
BE IT RESOLVED by the council of the City of Rosemount, County of Dakota,
Minnesota, that the County Auditor is authorized to fix a property tax rate for taxes
payable in the year 2001 that is higher than the tax rate calculated pursuant to
Minnesota Statutes 20413.135 for the City for taxes levied in 1999, collectible in 2000.
Adoption of this resolution does not prohibit the City from certifying a final levy that will
result in no tax rate increase or a tax rate decrease.
ADOPTED this 3rd day of October, 2000.
Cathy Busho, Mayor
ATTEST:
Linda J. Jentink, City Clerk
CERTIFICATION
I certify that the foregoing is a true and correct copy of a resolution presented to and
adopted by the City Council of Rosemount, Minnesota at a duly authorized meeting
thereof, held on the 3rd day of October, 2000, as disclosed by the records of said City
in my possession.
(SEAL)
Linda J. Jentink, Rosemount City Clerk
Motion by: Seconded by:
Voted in favor:
Voted Against:
Members Absent:
C O U N T Y -
DAKOTA COUNTY TREASURER - AUDITOR
Dakota County Administration Center 1590 Highway 55 Hastings MN 55033
651.438.4576 Fax 651.438.4391 www.co.dakota.mn.us
MEMORANDUM -
DATE: September 6, 2000
TO: City Finance Directors & County Board
FROM: Amy Koethe, Dakota County Taxation Supervisor
SUBJECT: Rate Certification
This memo is in regards to the levy certification rate that needs to be sent to all cities, over
500 population, and counties. The certification is part of the 1999 legislation that was passed
mandating that all cities & counties need a resolution to levy a dollar amount higher than that
calculated by the County Treasurer- Auditor, which would result in a higher levy certification
tax rate.
The resolution must be adopted at a public hearing. The `hearing' may be handled as an item
on the agenda of a regularly scheduled city council /county board meeting. No published
notice is required unless the `hearing' is scheduled as a special meeting to'adopt such
resolution. The resolution only has to state that the `levy certification rate will increase'. It
does not need to state the amount of the increase.
I am sending you the calculation of the levy certification tax rate that the city /county may levy
without the passage of the resolution. A resolution must be returned to our office on or before
October 20
Please review the attached worksheet. You will need to compare your proposed levy,
after HACA, after general obligation debt, and after the reduction of the payable 2001
fiscal disparity distribution tax (Line 10 of Column B of the worksheet), to Line 10 of
Column A of the worksheet. Instructions to complete this information in Column B are
enclosed. If this levy on Line 10 of Column B is greater than Line 10 of Column A, a
resolution must be adopted approving this increase.
If the resolution is not received by October 20 our office cannot levy a dollar amount that
would result in a levy certification tax rate higher than the one that I am certifying at this time.
If you have any questions regarding this information, please feel free to contact me at
(651) 438 - 4370.
O:i Taxation\ Memo \99levycertification rateletter.doc