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HomeMy WebLinkAboutResolution No. 2005-43 RESOLUTION 2005 - 43 RESOLUTION ADOPTING A PROPOSED BUDGET FOR THE YEAR 2006, 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 2006. 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 2006 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/Non-Operating Water Utility Fund Sewer Utility Fund Refuse Fund Storm Sewer Fund Data Processing Debt Service Fund Total Expense Including Interfund Transfers Expense 8,315,313 815,185 246,331 123,161 204,228 636,521 5,375 156,932 2,365,000 277,861 1,615,000 524,014 6,804,682 6,212,361 2,068,862 1,548,249 1,377,165 312,544 268,840 2,060,496 35,938,120 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 2006: General Fund Community Development Fund Economic Development Fund State Aid Cable Television Library DARE Project Infrastructure Capital ! mprovements Capital Equipment Replacement Funds Construction Funds Central Garage Fund Liquor Operating Liquor Capital/Non-Operating Water Utility Fund Sewer Utility Fund Refuse Fund Storm Sewer Fund Data Processing Debt Service Fund Total Revenue Including Interfund Transfers Revenue 8,315,313 815,185 246,331 123,161 204,228 636,521 5,375 156,932 2,365,000 277,861 1,615,000 524,014 6,804,682 6,212,361 2,068,862 1,548,249 1,377,165 312,544 268,840 2,060,496 35,938,120 RESOLUTION 2005 - 43 RESOLUTION ADOPTING A PROPOSED BUDGET FOR THE YEAR 2006, 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 2006. Section C. The following sums of money are levied for the current year, collectable in 2006, upon the taxable property in said City of Columbia Heights, for the following purposes: Estimated General Fund Levy 5,799,486 Estimated Library Levy 463,086 Estimated EDA Fund Levy Total 2006 Levy 84,965 6,347,537 Section D. The City Council of the City of Columbia Heights hereby approves the Housing and Redevelopment Authority Tax Levy for the fiscal year 2006 in the amount of $161,366. BE IT FURTHER RESOLVED BY THE COUNCIL OF THE CITY OF COLUMBIA HEIGHTS, MINNESOTA: That the public budget hearing is scheduled for December 5, 2005 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 2006 that is higher than the tax rate calculated for the city for taxes levied in 2004, collectable in 2005. BE IT FURTHER RESOLVED: That the city has adequate fund balances and reserves to pay all 2006 Bond principal and interest payments and the county auditor is authorized to cancel all Bond Levies for taxes payable in 2006. The City Clerk is hereby instructed to transmit a certified copy of this resolution to the County Auditor of Anoka County, Minnesota. Approved this 12th day of September 2005 Offered By: Seconded By: Roll Call: Kelzenberg Ericson Diehm //J Ayes: Peterson, Williams, Nawrocki, Ericson Diehm, Kelzenbh II ~jClJ)fr1 I-~- Mayor Gary Pet~rson