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HomeMy WebLinkAboutResolution No. 2004-38 RESOLUTION 2004 - 38 RESOLUTION ADOPTING A PROPOSED BUDGET FOR THE YEAR 2005, SETTING THE PROPOSED CITY LEVY, APPROVING THE HRA LEVY, APPROVING A TAX RATE INCREASE, AND ESTABLISHING A BUDGET HEARING DATE FOR PROPERTY TAXES PAYABLE IN 2005. NOW, THEREFORE BE IT RESOLVED BY THE CITY COUNCIL FOR THE CITY OF COLUMBIA HEIGHTS, MINNESOTA: that the following is hereby adopted by the City of Columbia Heights. Section A. The budget for the City of Columbia Heights for the year 2005 is hereby approved and adopted with appropriations for each of the funds listed below. General Fund Community Development Fund Economic Development Fund State Aid Cable Television Library DARE Project Infrastructure Capital Improvement Capital Equipment Replacement Funds Construction Funds Central Garage Fund Liquor Operating Liquor Capital improvement Water Utility Fund Sewer Utility Fund Refuse Fund Storm Sewer Fund Data Processing Debt Service Fund Total Expense Including Interfund Transfers Expense 8,232,617 517,420 246,332 163,984 200,643 631,271 5,375 162,560 400,000 394,598 643,000 492,978 6,987,480 6,210,747 1,951,379 1,420,436 1,540,225 336,037 267,891 2,537,607 33,342,580 Section B. The estimated gross revenue to fund the budget of the City of Columbia Heights for all funds, including general ad valorem tax levies and use of fund balances, as hereinafter set forth for the year 2005: General Fund Community Development Fund Economic Development Fund State Aid Cable Television Library DARE Project Infrastructure Capital Improvements Capital Equipment Replacement Funds Construction Funds Central Garage Fund Liquor Operating Liquor Capital Improvement Water Utility Fund Sewer Utility Fund Refuse Fund Storm Sewer Fund Data Processing Debt Service Fund Total Revenue Including Interfund Transfers Revenue 8,232,617 517,420 246,332 163,984 200,643 631,271 5,375 162,560 400,000 394,598 643,000 492,978 6,987,480 6,210,747 1,951,379 1,420,436 1,540,225 336,037 267,891 2,537,607 33,342,580 RESOLUTION 2004 - 38 RESOLUTION ADOPTING A PROPOSED BUDGET FOR THE YEAR 2005, SETTING THE PROPOSED CITY LEVY, APPROVING THE HRA LEVY, APPROVING A TAX RATE INCREASE, AND ESTABLISHING A BUDGET HEARING DATE FOR PROPERTY TAXES PAYABLE IN 2005. Section C. The following sums of money are levied for the current year, collectable in 2005, upon the taxable property in said City of Columbia Heights, for the following purposes: Estimated General Fund Levy Estimated Library Levy Estimated EDA Fund Levy Total 2004 Levy Lost LGA Levy Increase Cost of Living Levy Increase Total 2005 Proposed Levy 2004 Levy 4,928,710 433,565 84,985 5,447,260 544,726 250,000 6,241,986 Section D. The City Council of the City of Columbia Heights hereby approves the Housing and Redevelopment Authority Tax Levy for the fiscal year 2005 in the amount of $161.366. BE IT FURTHER RESOLVED BY THE COUNCIL OF THE CITY OF COLUMBIA HEIGHTS, MINNESOTA: That the budget meeting is scheduled for December 6, 2004 at 7:00 p.m. in the City Council Chambers. BE IT FURTHER RESOLVED BY THE COUNCIL OF THE CITY OF COLUMBIA HEIGHTS, COUNTY OF ANOKA, MINNESOTA: That the county auditor is authorized to fix a property tax rate for taxes payable in the year 2005 that is higher than the tax rate calculated for the city for taxes levied in 2003, collectable in 2004. BE IT FURTHER RESOLVED: That the city has adequate fund balances and reserves to pay all 2005 Bond principal and interest payments and the county auditor is authorized to cancel all Bond Levies for taxes payable in 2005. The City Clerk is hereby instructed to transmit a certified copy of this resolution to the County Auditor of Anoka County, Minnesota. Approved this 13th day of September, 2004. Offered By: Seconded By: Roll Call: Councilmember Kelzenberg Councilmember Ericson Ayes: Kelzenberg, Ericson, Wyckoff Nays: Williams, Nawrocki Secretary Pro Tern ~,~,a',t or Julienne Wyckof~ ~,)