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Home My WebLink About4.cc. Resolutions Setting the 1994 Levies and BudgetCITY OF ROSEMOUNT EXECUTIVE SUMMARY FOR ACTION CITY COUNCIL MEETING DATE: December 7, 1993 AGENDA ITEM: AGENDA SECTION: Resolutions Setting 1994 Levies and Budgets Old Business PREPARED BY: May, Finance Directory AGENDA -Ma C Cj Jeff ATTACHMENTS: 3 Resolutions APP qVED Ey:L�G� Attached for Council consideration are the resolutions setting the 1994 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 1994 General Operating Budget, the 1994 CIP Budget, the 1994-1998 CIP Budget and the 1994 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 Taxation requirements that stipulate that all levies and approved at a meeting subsequent to the Public Hearing on hearing was held Thursday, December 2nd, and closed that Passing the resolutions tonight will allow us to certify County in a timely fashion, as well as to finalize all of reporting requirements that we have. the Truth -In - budgets must be Budgets. This same evening. the levies to the the other 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 1994 GENERAL FUND OPERATING BUDGET, THE 1994 CAPITAL IMPROVEMENT PROGRAM BUDGET(CIP), THE 1994-1998 CIP BUDGET AND THE 1994 LEVY REQUIRED BY THE CITY OF ROSEMOUNT. COUNCIL ACTION: CITY OF ROSEMOUNT DAKOTA COUNTY, MINNESOTA RESOLUTION 1993 - A RESOLUTION APPROVING THE 1994 GENERAL FUND OPERATING BUDGET, THE 1994 CAPITAL IMPROVEMENT PROGRAM BUDGET(CIP), THE 1994-1998 CIP BUDGET AND THE 1994 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 1994 will be in the amount of $4,279,739 for the General Operating Fund and the CIP Fund; and WHEREAS, the City Council has determined that special levies for Bonded Indebtedness, Certificates of Indebtedness and the Armory Indebtedness total $554,868; and WHEREAS, the City Council has determined that actual incomes, fund transfers and anticipated aids will total $2,168,660; and WHEREAS, the City Council has reviewed and accepted the concept of a 5 -year Capital Improvement Program; and WHEREAS, the City Council has determined that budgets for all Debt Service Funds totals $4,368,772; and WHEREAS, the City Council has received the Port Authority, Utility Funds and the Community Center budgets approved by the Rosemount Port Authority, Utility Commission and the Community Center Commission. NOW, THEREFORE BE IT RESOLVED, that the total levy certified to the Dakota County Auditor shall be $2,665,947; and BE IT FURTHER RESOLVED, that the City Council approves the 1994 General Fund departmental budgets as presented to them at the Budget Hearing held December 2, 1993; and BE IT FURTHER RESOLVED, that the City Council approves the 1994 CIP Fund budget and the 1994-1998 CIP Program as presented to them at the Budget Hearing held December 2, 1993. ADOPTED this 7th day of December, 1993. ATTEST: Susan M. Walsh, City Clerk Motion by: Voted in Favor: Voted Against: E.B. McMenomy, Mayor Seconded by: CITY OF ROSEMOUNT DAKOTA COUNTY, MINNESOTA V *119 till I [silk F FIrk1112 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 1993 and collected in 1994 in the amount of $95,000 for the purpose of meeting funding requirements for the construction of an Army National Guard Armory. ADOPTED this 7th day of December, 1993. ATTEST: Susan M. Walsh, City Clerk Motion by: Voted in Favor: Voted Against: E.B. McMenomy, Mayor Seconded by: CITY OF ROSEMOUNT DAKOTA COUNTY, MINNESOTA RESOLUTION 1993 - 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 7th day of December, 1993. ATTEST: Susan M. Walsh, City Clerk Motion by: Voted in favor: Voted Against: E.B. McMenomy, Mayor Seconded by: