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HomeMy WebLinkAboutResolution No. 2010-084 RESOLUTION 2010 -84 RESOLUTION ADOPTING A PROPOSED BUDGET FOR THE YEAR 2011, 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 2011. 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 2011 is hereby approved and adopted with appropriations for each of the funds listed below. Expense General Fund 10,200,317 Community Development Fund 263,823 Economic Development Fund 389,251 State Aid 157,545 Cable Television 129,442 Library 790,470 DARE Project 20,000 Infrastructure 233,297 Capital Improvement 922,897 Capital Equipment Replacement Funds 443,393 Construction Funds 1,129,500 Central Garage Fund 688,509 Liquor Operating 8,715,880 Liquor Capital /Non- Operating 688,955 Water Utility Fund 2,611,909 Sewer Utility Fund 1,845,696 Refuse Fund 1,568,787 Storm Sewer Fund 359,879 Data Processing 348,772 Debt Service Fund 2,625,900 Total Expense Including Interfund Transfers 34,134,222 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 2011: Revenue General Fund 10,200,317 Community Development Fund 263,823 Economic Development Fund 389,251 State Aid 157,545 Cable Television 129,442 Library 790,470 DARE Project 20,000 Infrastructure 233,297 Capital Improvements 922,897 Capital Equipment Replacement Funds 443,393 Construction Funds 1,129,500 Central Garage Fund 688,509 Liquor Operating 8,715,880 Liquor Capital /Non - Operating 688,955 Water Utility Fund 2,611,909 Sewer Utility Fund 1,845,696 Refuse Fund 1,568,787 Storm Sewer Fund 359,879 Data Processing 348,772 Debt Service Fund 2,625,900 Total Revenue Including Interfund Transfers 34,134,222 RESOLUTION 2010 -84 Section C. The following sums of money are levied for the current year, collectable in 2011, upon the taxable property in said City of Columbia Heights, for the following purposes: Estimated General Fund Levy 7,909,711 Estimated Library Levy 757,620 Estimated EDA Fund Levy 84,811 Total 8,752,142 Section D. The City Council of the City of Columbia Heights hereby approves the Housing and Redevelopment Authority Tax Levy for the fiscal year 2011 in the amount of $262,556. BE IT FURTHER RESOLVED BY THE COUNCIL OF THE CITY OF COLUMBIA HEIGHTS, MINNESOTA: That the public budget hearing is scheduled for December 13, 2010 at approximately 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 2011 that is higher than the tax rate calculated for the City for taxes levied in 2009, collectable in 2010. BE IT FURTHER RESOLVED: That the City has adequate fund balances and reserves to pay 2011 Bond principal and interest payments on General Obligation Bond Series 2003A in the amount of $43,800 and General Obligation Bond Series 2006A in the amount of $229,651, and that the County Auditor is authorized to cancel these Bond Levies for taxes payable in 2011. BE IT FURTHER RESOLVED: That the City Council desires to reduce the property tax levy by using fund balance and state aids to further reduce the debt levy in the amount of $350,000. BE IT FURTHER RESOLVED: That the City has adequate fund balances and reserves to pay $350,000 of the $664,080 Bond principal and interest payments levy on Public Safety Building; General Obligation Bond Series 2008B, leaving a balance of $314,080 to be levied. The City Clerk is hereby instructed to transmit a certified copy of this resolution to the County Auditor of Anoka County, Minnesota. Approved this 1 3th day of September 2010 Offered By: Williams Seconded By: Kelzenberg Roll Call: Ayes: Peterson, Williams, Diehm, Kelzenberg Nays: Nawrocki Ip y Mayor t ary L. Peterson v • Patricia Muscovitz, C City Clerk