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Home My WebLink About4.i. Resolutions Setting 1996 Levies and Budgets , '� CITY OF ROSEMOUNT � � � � � ��, EXECUTIVE SUMMARY FOR ACTION ' CITY COUNCIL MEETING DATE: December 5, 1995 AGENDA ITEM: Resolutions Setting 1996 Levies & Budgets AGENDA SECTION: Consent PREPARED BY: Jeff May, Finance Director AGENDA �(Q�� t � I i LI� ATTACHMENTS: Three Resolutions APPROVED BY: Attached for Council consideration are the resolutions setting the 1996 levies and budgets for the City of Rosemount. The first two resolutions concern the Armory Anticipatory Levies for the City. The final resolution approves the 1996 General Fund Operating Budget, the 1996 CIP Budget, the 1996 Insurance Fund Budget and the 1996 levy for the general operations and the special levies for Bonded Indebtedness, Certificates of Indebtedness and the Armory Indebtedness. 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. This hearing was held Wednesday, November 29th, 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 A SPECIAL TAX LEVY FOR FUNDING OF AN ARMORY. Motion to adopt A RESOLUTION LEVYING A TAX FOR CONSTRUCTION OF A STATE ARMORY BUILDING. Motion to adopt A RESOLUTION APPROVING THE 1996 GENERAL FUND OPERATING BUDGET, THE 1996 CAPITAL IMPROVEMENT PROGRAM BUDGET(CIP), THE 1996 INSURANCE BUDGET AND THE 1996 LEVY REQUIRED BY THE CITY OF ROSEMOUNT. COUNCIL ACTION: � CITY OF ROSEMOUNT DAKOTA COUNTY, MINNESOTA RESOWTION 1995 - A RESOLUTION QPPROVING 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 1995 and collected in 1996 in the amount of $95,000 for the purpose of ineeting funding requirements for the construction of an Army National Guard Armory. ADOPTED this 5th day of December, 1995. E.B. McMenomy, Mayor ATTEST: Susan M. Walsh, City Clerk - Motion by: Seconded by: Voted in Favor: Voted Against: � CITY OF ROSEMOUNT DAKOTA COUNTY, MINNESOTA RESOLUTION 1995 - A RESOLUTION LEVYING A TAX FOR CONSTRUCTtON 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 rnarket 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 coun#y or municipality is otherwise authorized to levy. 4. The Clerk is hereby directed to file a certified copy of this resofution 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. i RESOLUTION 1995 - ADOPTED this 5th day of December, 1995. E.B. McMenomy, Mayor ATTEST: Susan M. Walsh, City Clerk Motion by: Seconded by: Voted in favor: Voted Against: � CITY OF ROSEMOUNT DAKOTA COUNTY, MINNESOTA RESOLUTION 1995 - A RESOWTION APPROVING THE 1996 GENERAL FUND OPERATING BUDGET, THE 1996 CAPITAL IMPROVEMENT PROGRAM BUDGET{CIP), THE 1996 INSURANCE BUDGET AND THE 1996 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 1996 will be in the amount of 55,187,035 fo� the General Operating Fund, the CIP Fund and the Insurance Fund; and WHEREAS, the City Council has determined that special levies for Bonded Indebtedness, Certificates of Indebtedness and the Armory Project total $676,454; and WHEREAS, the City Council has determined that actual incomes, fund transfers and anticipated aids witl totat $2,169,893; and WHEREAS, the City Council has determined that budgets for all Debt Service Funds totals $4,302,460; 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 fT RESOLVED, that the total levy certified to the Dakota County Auditor shall be 53,693,596; and BE IT FURTHER RESOLVED, that the City Council approves the 1996 General Fund departmental budgets as presented to them at the Budget Hearing held November 29, 1995; and BE IT FURTHER RESOLVED, that the City Council approves the 1996 CIP Fund budget, the 1996 Insurance Fund budget and the 1996 Arena Fund budget as presented to them at the Budget Hearing held November 29, 1995. � , RESOLUTION 1995 - ADOPTED this 5th day of December, 1995. E.B. McMenomy, Mayor ATTEST: Susan M. Walsh, City Clerk � Motion by: Seconded by: Voted in Favor: Voted Against: