Loading...
HomeMy WebLinkAbout2022-074RESOLUTION NO. 2022-74 A RESOLUTION OF THE CITY COUNCIL FOR THE CITY OF COLUMBIA HEIGHTS, MINNESOTA, ADOPTING A PROPOSED BUDGET FOR THE YEAR 2023, SETTING THE CITY LEVY, APPROVING THE HRA LEVY, APPROVING A TAX RATE INCREASE, AND ESTABLISHING A BUDGET HEARING DATE FOR PROPERTY TAXES PAYABLE IN 2023. Now, therefore, 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 2023 is hereby approved and adopted with appropriations for each of the funds listed below. Revenue Expense Governmental Funds General Fund 16,435,700 16,435,700 Planning& Inspections 481,900 481,900 Economic Development AuthorityAdmin. 297,100 297,100 Cable Television 138,800 195,000 Li bra ry 1,201,900 1,201,900 After School Programs 12,000 45,800 21st Century Arts 48,600 48,600 Downtown Parking 56,700 56,700 Capital Project Funds 6,818,100 6,952,200 Debt Service Funds 1,405,800 1,535,900 Proprietary Funds Water Fund 4,523,100 3,575,400 Sewer Fund 2,769,600 2,846,200 Refuse Fund 2,283,300 2,658,800 Storm Sewer Fund 817,300 1,359,400 Liquor Fund 9,856,900 9,701,900 Municipal Service Center 917,900 1,257,400 Information Systems 783,700 763,700 Use of Fund Balance 565,200 - Total Including Interfund Transfers 49,413,600 49,413,600 Section B. The following sums of money are levied for the current year, collectable in 2023 upon the Taxable property in the City of Columbia Heights, for the purposes listed below. Estimated General Fund Levy 13,796,000 Estimated Library Levy 1,166,100 Estimated EDA Fund Levy 297,100 Tota 1 15,259,200 City of Columbia Heights —Council Resolution 2022-74 Page 2 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 2023 in the amount of $310,000. BE IT FURTHER RESOLVED: That the public budget hearing is scheduled for December 12, 2022, at approximately 6:00 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 2023 that is higher than the tax rate calculated for the City of Columbia Heights for taxes payable in 2022. 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 $238,834 and that the County Auditor is authorized to cancel $238,834 of the related Bond Levy for taxes payable in 2023, leaving a balance of $242,400 to be levied for taxes payable 2023 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 $339,649 and that the County Auditor is authorized to cancel $339,649 of the related Bond Levy for taxes payable in 2023, leaving a balance of $0 to be levied for taxes payable in 2023 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 $232,866 and that the County Auditor is authorized to cancel $232,866 of the related Bond Levy for taxes payable in 2023, leaving a balance of $331,000 to be levied for taxes payable in 2023 for Series 2017B. 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 2018A in the amount of $25,366 and that the County Auditor is authorized to cancel $25,366 of the related Bond Levy for taxes payable in 2023, leaving a balance of $196,000 to be levied for taxes payable in 2023 for Series 2018A. The Finance Director is hereby instructed to transmit a certified copy of this resolution to the County Auditor of Anoka County, Minnesota. Passed this 26th day of September, 2022 Offered by: Buesgens Seconded by: Jacobs Roll Call: All Ayes Attest. Sara Ion, City �ClerkjCounSc`ilSecretary MaWor Amada Marquez Simula