HomeMy WebLinkAboutCC TRUTH IN TAXATION MINUTES 12041996 Meeting Sheet
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Box: 19
Folder: CC MINUTES AND AGENDAS 1996
Document: CC MINUTES 12041996
1 CITY OF ST. ANTHONY
2 CITY COUNCIL TRUTH IN TAXATION
HEARING MEETING MINUTES
4 DECEMBER 4, 1996
5 I. CALL TO ORDER/ROLL CALL.
6 The meeting was called to order at 7:00 P.M. following the Pledge of Allegiance led by Mayor
7 Ranallo.
8 H. ROLL CALL.
9 Councilmembers Present: Ranallo, Marks, Enrooth, Wagner, and Faust.
10 Also Present: City Manager Michael Morrison, Finance Director Roger Larson, Management-
11 Assistant Kim Moore-Sykes, Public Works Director Larry Hamer, Police Chief Richard
12 Engstrom,Fire Chief Richard Johnson and Liquor Operations Manager Michael Larson.
13
14 III. OPEN TRUTH IN TAXATION PUBLIC HEARING.
15 Mayor Ranallo declared the public hearing open at 7:02 P.M.
16 IV. PRESENTATION OF THE 1997 CITY BUDGET AND TAX LEVY BY CITY
17 MANAGER AND FINANCE DIRECTOR.
18 Finance Director Roger Larson stated he had not received any calls from residents today
19 regarding this issue. It was noted there were no residents in the audience who wished to speak
regarding this issue.
21 Mayor Ranallo stated he had received six calls from residents. Most calls were in response to an
22 article in the newspaper which stated taxes had not increased. Some residents' taxes did increase
23 due to the market value of their home increasing. Mayor Ranallo stated once this was explained
24 to the residents, they were satisfied. He also noted that he had urged residents who were not
25 satisfied with their market value to contact the Assessor's Office before the Board of Review
26 meeting. - -
27 Councilmembers Enrooth and Wagner stated the market value of their homes had increased but
28 their taxes were still reduced.
29 Councilmember Marks addressed the two pie charts which were included in the packet. He
30 noted the certified levy provided 50.7%of total revenues for the City of St. Anthony for Pay -
31 1996. He also noted the composition of the 1996 tax base for the City of St. Anthony is 73.9%
32 residential and 12.4% commercial/industrial.
33 Finance Director Larson noted increasing the commercial/industrial tax base and reducing the
34 residential percentage of the tax base has been the goal of the City of St. Anthony for the last
35 four years.
Mayor Ranallo noted the increase in the total local tax capacity and noted this is due to major
redevelopment work which is being done in the City.
38 Finance Director Larson noted in 1990 the total local tax capacity was $6,000,000 but fell to
39 $4,896,853 by 1994 due to the decline of Apache Plaza and other commercial properties. Due to
City Council Truth in Taxation Hearing Meeting Minutes
December 4, 1996
Page 2
redevelopment efforts, the total local tax capacity has increased every year since 1994 to
2 $5,279,801 in 1997. Larson noted that at the same time building permits remained stagnant, with
3 a large increase in 1995 and increased to a record amount of permit values in 1996 with revenue
4 of$60,000. This is a solid indicator that the City is moving in the right direction and
5 demonstrates significant redevelopment activity in the City.
6 Finance Director Larson explained the total levy for 1997 will remain the same as 1996 at
7 $1,664,011. In 1997 there is a projected increase in the Fiscal Disparities Distribution from
8 Ramsey and Hennepin County. This results in the proposed City tax rate being reduced by
9 1.904% from 28.507% in 1996 to 26.603% in 1997. Hennepin County has reported that
10 approximately 85%of the residential tax payers in St. Anthony received no increase or received
11 a decrease in the City portion of their property taxes. 6-7%received a small increase and I%
12 received a significant increase. Ramsey County has reported that 83%of the residential tax
13 payers received no increase or a decrease in the City portion of their property taxes. 16%
14 received an increase of 1-5% and 1%received an increase of more than 5%.
15 V. SET CONTINUATION HEARING FOR WEDNESDAY,DECEMBER 18, 1996 AT 7:00
16 P.M.
17 Motion by Marks, second by Enrooth to set the continuation Truth in Taxation Hearing for
18 Wednesday, December 18, 1996 at 7:00 P.M. at which time the 1997 budget and tax.levy for the
0 City will be adopted.
20 Motion carried unanimously.
21 VI. CLOSE PUBLIC HEARING.
22 Mayor Ranallo declared the public hearing closed at 7:15 P.M.
23 VII. OTHER BUSINESS.
24 Mayor Ranallo thanked Staff for attending the meeting this evening and noted the reduction in
25 the total tax rate is a result of all their hard work and efforts. He commended all of the Staff on a
26 job well done.
27 VIII. ADJOURNMENT.
28 Motion by Marks, second by Faust to adjourn the meeting at 7:18 P.M.
29 Motion carried unanimously.
30 Respectfully submitted,
31 Lorri Kopischke
32 TimeSaver Off Site Secretarial
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34 Mayor
35 ATTEST:
36 City Clerk