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HomeMy WebLinkAboutResolution No. 2007-158RESOLUTION 2007-158 RESOLUTION ADOPTING A PROPOSED BUDGET FOR THE YEAR 2008, SETTING THE PROPOSED CITY LEVY, APPROVING THE HRA LEVY, IMPROVING A TAX RATE INCREASE, AND ESTABLISHING A BUDGET HEARING DATE FOR PROPERTY TAXES PAYABLE IN 2008. 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 2008 is hereby approved and adopted with appropriations for each of the funds listed below. Expense General Fund 9,208,957 Community Development Fund 597,133 Economic Development Fund 274,863 State Aid 148,949 Cable Television 123,333 Library 719,156 DARE Project 5,375 Infrastructure 113,792 Capital Improvement 345,000 Capital Equipment Replacement Funds 461,815 Construction Funds 1,054,300 Central Garage Fund 579,273 Liquor Operating 7,901,783 Liquor Capital/Non-Operating 319,042 Water Utility Fund 2,209,771 Sewer Utility Fund 1,660,244 Refuse Fund 1,399,299 Storm Sewer Fund 387,556 Data Processing 268,532 Debt Service Fund 2,470,750 Total Expense Including Interfund Transfers 30,248,923 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 2008: Revenue General Fund 9,208,957 Community Development Fund 597,133 Economic Development Fund 274,863 State Aid 148,949 Cable Television 123,333 Library 719,156 DARE Project 5,375 Infrastructure 113,792 Capital Improvements 345,000 Capital Equipment Replacement Funds 461,815 Construction Funds 1,054,300 Central Garage Fund 579,273 Liquor Operating 7,901,783 Liquor Capital/Non-Operating 319,042 Water Utility Fund 2,209,771 Sewer Utility Fund 1,660,244 Refuse Fund 1,399,299 Storm Sewer Fund 387,556 Data Processing 268,532 Debt Service Fund 2,470,750 Total Revenue Including Interfund Transfers 30,248,923 RESOLUTION 2007-158 RESOLUTION ADOPTING A PROPOSED BUDGET FOR THE YEAR 2008, SETTING THE PROPOSED CITY LEVY, APPROVING THE HRA LEVY, IMPROVING A TAX RATE INCREASE, AND ESTABLISHING A BUDGET HEARING DATE FOR PROPERTY TAXES PAYABLE IN 2008. Section C. The following sums of money are levied for the current year, collectable in 2009, upon the taxable property in said City of Columbia Heights, for the following purposes: Estimated General Fund Levy 6,305,764 Estimated Library Levy 532,509 Estimated EDA Fund Levy 78,622 Total 6,916,895 Section D. The City Council of the City of Columbia Heights hereby approves the Housing and Redevelopment Authority Tax Levy for the fiscal year 2008 in the amount of $196,241. 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 2008 that is higher than the tax rate calculated for the city for taxes levied in 2006, collectable in 2007. BE IT FURTHER RESOLVED :That the City has adequate fund balances and reserves to pay 2008 Bond principal and interest payments on General Obligation Bond Series 2003A and General Obligation Bond Series 2006A and that the county auditor is authorized to cancel these Bond Levies for taxes payable in 2008. BE IT FURTHER RESOLVED: That the City shall levy a General Obligation Bond Series 2007A in the amount of $128,475.17 and that the county auditor is authorized to collect these Bond Levies for taxes payable in 2008. The City Clerk is hereby instructed to transmit a certified copy of this resolution to the County Auditor of Anoka County, Minnesota. Approved this10th day of September 2007 Offered By: Williams Seconded By: Kelzenberg Roll Call: Ayes: Peterson, Nays: Nawrock Patricia Muscovitz, CMC, Cit erk, ,--~ Williams, Diehm, Kelzenberg i ,~ ~_ ~___, , ~. _.__ yor Gary L. P terson