HomeMy WebLinkAbout2017-84RESOLUTION NO. 2017 -84
ADOPTING A PROPOSED BUDGET FOR THE YEAR 2018, 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 2018.
Now, in accordance with all ordinances and regulations of the City of Columbia Heights, the City Council of the City of
Columbia Heights makes the following
ORDER OF COUNCIL
IT IS HEREBY RESOLVED:
Section A. The budget for the City of Columbia Heights for the year 2018 is hereby approved and adopted with
appropriations for each of the funds listed below.
Governmental Funds
General Fund
Planning & Inspections
Economic Development Authority Adm
Cable Television
Library
After School Programs
Special Project Fund
Public Safety - Other
Capital Project Funds
Debt Service Funds
Proprietary Funds
Water Fund 3,309,564
Sewer Fund 2,063,310
Refuse Fund 2,067,228
Storm Sewer Fund 493,375
Liquor Fund 8,943,200
Central Garage 686,885
Building Maintenance 205,500
Information Systems 337,000
Use of Fund Balance 931,676
37,852,726
Revenue Expense
11, 904, 000
469,682
448,242
227,400
952,644
22,000
25,000
2,932,500
1,833,520
Total Including Interfund Transfers
13, 508, 438
469,682
448,242
190,331
952,644
43,562
25,000
1,720,659
2,428,120
Capital Assets
2,868,462
87,500
2,276,539
27,500
2,195, 880
-
606,084
-
8,803,000
-
723,060
45,500
205,448
-
387,575
Debt Principal
Paid (Adv.)
(70, 000)
(196, 712)
(76, 288)
185,000
- 60,000 -
37, 852, 726 220,500 (158, 000)
Section B. The following sums of money are levied for the current year, collectable in 2018 upon the taxable property in
the City of Columbia Heights, for the purposes listed below.
Estimated General Fund Levy 9,481,000
Estimated Library Levy 919,244
Estimated EDA Fund Levy 220,100
Total 10,620,344
Section C. The City Council of the City of Columbia Heights hereby approves the Columbia Heights Housing and
Redevelopment Authority Tax Levy for the fiscal year 2018 in the amount of $224,592.
City of Columbia Heights - Council Resolution 2017 -84
Page 2
BE IT FURTHER RESOLVED: That the public budget hearing is scheduled for December 11, 2017 at approximately 7:00
p.m. in the City Council Chambers.
BE IT FURTHER RESOLVED: That the County Auditor is authorized to fix a property tax rate for taxes payable in the year
2018 that is higher than the tax rate calculated for the City of Columbia Heights for levied in 2016 collectable in 2017.
BE IT FURTHER RESOLVED: That the City, pursuant to Resolution 2015 -07, will call and redeem on February 1, 2018, all
outstanding bond principal and interest payments on General Obligation Bond Series 2008B, and that the County
Auditor is authorized to cancel the related Bond Levy in its entirety for taxes payable in 2018 and all subsequent years.
BE IT FURTHER RESOLVED: That the City has adequate fund balances and reserves to pay bond principal and interest
payments on General Obligation Bond Series 2009A in the amount of $10,000 and that the County Auditor is authorized
to cancel $10,000 of the related Bond Levy for taxes payable in 2018, leaving a balance of $227,349 to be levied for taxes
payable in 2018 for Series 2009A.
BE IT FURTHER RESOLVED: That the City has adequate fund balances and reserves to pay bond principal and interest
payments on General Obligation Bond Series 2015A in the amount of $270,000 and that the County Auditor is
authorized to cancel $270,000 of the related Bond Levy for taxes payable in 2018, leaving a balance of $214,667 to be
levied for taxes payable in 2018 for Series 2015A.
BE IT FURTHER RESOLVED: That the City has adequate fund balances and reserves to pay bond principal and interest
payments on General Obligation Bond Series 2017A in the amount of $329,989 and that the County Auditor is
authorized to cancel $329,989 of the related Bond Levy for taxes payable in 2018, leaving a balance of $0 to be levied for
taxes payable in 2018 for Series 2017A.
BE IT FURTHER RESOLVED: That the City has adequate fund balances and reserves to pay bond principal and interest
payments on General Obligation Bond Series 2017B in the amount of $300,000 and that the County Auditor is
authorized to cancel $300,000 of the related Bond Levy for taxes payable in 2018, leaving a balance of $262,553 to be
levied for taxes payable in 2018 for Series 2017B.
BE IT FURTHER RESOLVED: That the Finance Director /Treasurer of the City of Columbia Heights is hereby instructed to
transmit a certified copy of this resolution to the County Auditor of Anoka County, Minnesota.
Passed this 11th day of September, 2017
Offered by:
Buesgens
Seconded by:
Novitsky
Roll Call.
Ayes; Schmitt, Buesgens, Williams and Novitsky
A AA I g 4�
Donna Schmitt, Mayor
Attest: f
A 0ja 6A�A
Katie Bruno, City Clerk /Council Secretary