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Home My WebLink About6.f. 2001 Budget: Setting 2001 Levies & Budget (if Truth & Taxation Hearing not continued)CITY OF ROSEMOUNT EXECUTIVE SUMMARY FOR ACTION CITY COUNCIL MEETING DATE: December 5, 2000 AGENDA ITEM: Approval of 2001 Budget: Setting 2001 AGENDA SECTION: Levies & Budgets Consent PREPARED BY: Jeff May, Finance Director AGEND . L r . - - ATTACHMENTS: Three Resolutions APPROVED BY: 1 � T Attached for Council consideration are the resolutions setting the 2001 levies and budgets for the City of Rosemount. The first resolution approves the 2001 General Fund Operating Budget, the three 2001 CIP Budgets, the 2001 Insurance Fund Budget and the 2001 levy for the general operations and the special levies for Bonded Indebtedness, the Armory Indebtedness and our market value based referendum levy for the new fire station. The last two resolutions concern the Armory Anticipatory Levies for the City. Bringing these resolutions before you this evening meets the Truth -In- Taxation requirements that stipulate that all levies and budgets must be approved at a meeting subsequent to the Public Hearing on Budgets. That hearing was held Monday, December 4th, and 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. RECOMMENDED ACTION: Motion to adopt A RESOLUTION APPROVING THE 2001 GENERAL FUND OPERATING BUDGET, THE 2001 CAPITAL IMPROVEMENT PROGRAM BUDGETS (CIP), THE 2001 INSURANCE BUDGET AND THE 2001 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. COUNCIL ACTION: CITY OF ROSEMOUNT DAKOTA COUNTY, MINNESOTA RESOLUTION 2000 - A RESOLUTION APPROVING THE 2001 GENERAL FUND OPERATING BUDGET, THE 2001 CAPITAL IMPROVEMENT PROGRAM BUDGETS (CIP), THE 2001 INSURANCE BUDGET AND THE 2001 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 2001 will be in the amount of $6,905,900 for the General Operating Fund, the three CIP Funds and the Insurance Fund; and WHEREAS, the City Council has determined that special levies for Bonded Indebtedness (including market value based referendum levies) and the Armory Project total $1,1 13,168; and WHEREAS, the City Council has determined that actual incomes, fund transfers and anticipated aids will total $2,688,592; and WHEREAS, the City Council has determined that budgets for all Debt Service Funds total $4,929,013; and WHEREAS, the City Council has determined the budget for the Arena Fund to be $270,000; 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 $5,177,968 for the regular levy and $152,508 for the market value based referendum levy; and BE IT FURTHER RESOLVED, that the City Council approves the 2001 General Fund departmental budgets as presented to them at the Budget Hearing held December 4, 2000; and BE IT FURTHER RESOLVED, that the City Council approves the three 2001 CIP Fund budgets, the 2001 Insurance Fund budget and the 2001 Arena Fund budget as presented to them at the Budget Hearing held December 4, 2000. RESOLUTION 2000 - ADOPTED this 5th day of December, 2000. Cathy Busho, Mayor ATTEST: Linda J. Jentink, City Clerk 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 5th day of December, 2000, as disclosed by the records of said City in my possession. (SEAL) Motion by: Voted in Favor: Voted Against: Members Absent: Linda J. 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Cathy Busho, Mayor ATTEST: Linda J. Jentink, City Clerk 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 5th day of December, 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: ,.. CITY OF ROSEMOUNT DAKOTA COUNTY, MINNESOTA RESOLUTION 2000 - 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 2000 and collected in 2001 in the amount of $95,000 for the purpose of meeting funding requirements for the construction of an Army National Guard Armory. t RESOLUTION 2000 — ADOPTED this 5th day of December, 2000. ATTEST: Linda J. Jentink, City Clerk Cathy Busho, Mayor 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, 2000, as disclosed ',by the records of said City in my possession. (SEAL) Motion by: Voted in Favor: Voted Against: Members Absent: Linda J. Jentink, Rosemount Ci y Clerk Seconded by: I