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Home My WebLink AboutCC PACKET 12041996 Meeting Sheet IIIIII VIII VIII VIII VIII VIII IIII IIII 102232 BOX: TT Folder: CC PACKETS 1994-1998 Document: CC PACKET 12041996 CITY OF ST. ANTHONY - CITY COUNCIL MEETING AGENDA TRUTH IN TAXATION HEARING December 4, 1996 7:00 P.M. Council Chambers L. CALL TO ORDER/PLEDGE OF ALLEGIANCE. II. ROLL CALL. III. OPEN TRUTH IN TAXATION PUBLIC HEARING. IV. PRESENTATION OF 1997 CITY BUDGET AND TAX LEVY BY CITY MANAGER AND FINANCE DIRECTOR. Questions from the public will follow presentation. V. SET CONTINUATION HEARING FOR WEDNESDAY, DECEMBER 18, 1996 AT 7:00 P.M. (At which time the 1997 City Budget and Tax Levy will be adopted.) VI. CLOSE PUBLIC HEARING. VII. OTHER BUSINESS. VIII. ADJOURNMENT. The Regular City Council meeting will follow the Truth in Taxation Public Hearing. • You will receive the proposed 1997 City budget separately. • MEMORANDUM DATE: November 26, 1996 TO: Mike Mornson, City Manager FROM: Roger Larson, Finance Director ITEM: DECEMBER 4TH/TRUTH IN TAXATION Attached is a copy of the financial information I will be discussing at the December 4th, Truth in Taxation Hearing. There have been no changes in the tax rate which was presented at the October work session. Most St. Anthony taxpayers will see a decrease in their "City Portion" as well as their overall total taxes paid. Our goal of a zero tax increase has been accomplished. Three factors that contributed significantly were: • 1) A zero increase in the levy ($1,664,011 in 1995 & 1996) 2) Distribution from the Fiscal Disparities pool increased ($64,114) 3) St. Anthony total tax capacity/valuation increased ($125,768) The presentation covers: 1) City revenues. 2) Review the tax base. 3) Review the tax rate. 4) Explain the reduction in the tax rate. 5) Average home in Hennepin County. 6) Average home in Ramsey County. 7) Example of property's with valuation increase. 8) Review the total local tax capacity. To date, we have not had any calls or questions about'the Truth in Taxation Statements. Therefore, I am anticipating a low turnout for the meeting. Those who do attend will most likely be there to express their concerns because of a significant valuation increase. Major City Revenues - Pay 1996 for the City of St. Anthony L.G.A. (4.790) LIQUOR (5.590. OTHER(12.1%) CERT LEVY (50.70 H.A.C.A. CONTRACTS(15.9%) Total Revenues = $3,021,875 Composition of the 1996 Tax Base. for the City of St. Anthony APARTMENTS (12.0%0) FARM(o.o%) COMMnND (12-47-) OTHER(1•77-) RESIDENTIAL (73.9%) Percentage of Total Market Value • 11/30/96 PROPOSED CITY TAX RATE Actual Preliminary Increase 1996 1997 (Decrease) Total Levy $ 1,664,011 $ 1,664,011 $ - 0 - Fiscal 0 -Fiscal Disparities Distribution ( 67,334) ( 85,362) 18,028 from Ramsey County. Fiscal Disparities Distribution (141,090) (187,176) 46,086 from.Hennepin County. Local Levy $ 1,455,587 $ 1,391,473 ($ 64,114) Divided by Total of Hennepin and $ 5,154,033 $ 5,279,801 $ 125,768 Ramsey County Total Local Tax Capacity • Tax Rate 28.244% 26.'356% ( 1.888%) Plus: H.R.A. Levy .263 .247 ( .016%) Total Tax Rate 28.507% 26.603% * ( 1.904%) * This estimated tax rate is based on current estimates from Hennepin County, Ramsey County and the State of Minnesota. Any change in Fiscal Disparities, H.A:C.A. or the City's total tax capacity will change the total tax rate. • REDUCTION IN TAX RATE 28.507% 1996 26.603% 1997 ( 1,904%) 1) ZERO DOLLAR INCREASE IN LEVY 2) INCREASED REVENUE FROM FISCAL DISPARITIES = $64,114 3) VALUATION/TAX CAPACITY INCREASE _ $125,768 HENNEPIN COUNTY (Proposed Tax Rate = 26.603%) City City Taxes Taxes Increase Valuation 1996 1997 (Decrease) $100,000 $ 364.89 $ 340.52 ($ 24,37) � $110,800 * $ 426.46 $ 397.98 ($ 28,48) $121,800 $ 488.04 $ 455.44 ($ 32,60) * Average Valuation of St. Anthony Home in Hennepin County. ** Assumes No Increase in Valuation RAMSEY COUNTY (Proposed Tax Rate = 260603%) City City Taxes Taffies Increase Valuation 1996 1997 (Decrease) $110,000 $ 421.90 $ 393.72 ($ 28,18) � $122,600 * $ 493.74 $ 460.76 ($ 32,98) $135,200 $ 565.58 $ 527.80 ($ 37.78) * Average Valuation of St. Anthony Home in Ramsey County. ** Assumes No Increase in Valuation. VALUATION INCREASE (ESTIMATED AT 3%) City City 1996 3% Taxes Taxes Increase Valuation Increase 1996 1997 (Decrease) $100,000 $103,000 $364.89 $356.48 ($ 8.41) $110,800 * $114,100 $426.46 $415.54 ($ 10,92) $122,600 ** $1263,200 $493.74 $479.92 ($ 13,82) $135,200 $139,200 $565.58 $549.09 ($ 16,49) * Average Valuation in Hennepin County. ** Average Valuation in Ramsey County • TOTAL .LOCAL TAX CAPACITY: 1994 1995 1996 1997 498969853 591059898 591549033 592799801 1990 6,000,000 • TOTAL LOCAL TAX CAPACITY: 0 6.5 6 5.5 5 4.5 1990 1 1995 1 1997 1994 1995 • r CITY OF ST. ANTHONY REGULAR CITY COUNCIL MEETING AGENDA December 4, 1996 Immediately following Truth in Taxation Public Hearing Council Chambers L. CALL TO ORDER. if. ROLL CALL. III. APPROVAL OF DECEMBER 4, 1996 REGULAR COUNCIL MEETING AGENDA. IV. APPROVAL OF NOVEMBER 26, 1996 REGULAR COUNCIL MEETING MINUTES ARE DEFERRED UNTIL THE NEXT REGULAR COUNCIL MEETING SCHEDULED FOR DECEMBER 18, 1996. V. LICENSES/PERMITS/PETITIONS. VI. PRESENTATION OF CLAIMS. A. Verified. V11. REPORTS. A. Councilmembers. _ B. Mayor. C. City Manager. VIII. PUBLIC HEARINGS - None. IX. NEW BUSINESS. A. Resolution 96-064, re: Purchase of an inventory control system for the ' municipal liquor stores and discussion of other liquor operations issues. X. UNFINISHED BUSINESS. XI. ADJOURNMENT. I B FINANCIAL SYSTEM ST . ANTHONY VILLAGE --- Check -Register - - -----GL540R-VO4_-30-PAGE------1-- BANK VENDOR CHECK# DATE AMOUNT LIAR LIQUOR CHECKING ACCOUNT -------004098- -COMMERCIAL---LIFE---INS-CO------ - 10472 1-1-/2.1/96 --- 15.-30--- --- 004105 COMMUNITY STEAM CLEANERS 10473 11/21/96 150.00 004104 COMPUTER CHEQUE OF MN 10474 11/21/96 131 .00 004120-- EAGLE-WINE--CO-- -------------10475-1-1/-21/-96---- 1-095-:36---- 004130 ECOLAB 10476 11/21/96 466. 86 004.411 FIRSTAR ST ANTHONY BANK 10477 11/21/96 20,000.00 --- 00414-1---FRITZ--COMPAN Y- --104781-1/2-1/96----- - 1 ,745.-42------- ----- 004185 GHI HEALTH PARTNERS 10479 11/21/96 886.64 004175 GRIGGS COOPER & CO INC 10480 11/21/96 18, 757. 78 004202----H-ENN-C-T-Y-SUPPORT-&-COL--L-- -- --104-81 1-1/-21/96-------103..-85 004208 I C M A RETIREMENT TRUS 10482 11/21/96 20.00 004220 JOHNSON BROS . LIQ. 10483 1.1/21/96 8, 163.99 -- 00424-1--------LI-LLIE---SUBURBAN --NEWSPAPE - - ---10484-11/21-/96-------------- 521-.-40--- 004233 LMCIT % BERKLEY RISK SE 1048.5 11/21/96 1 ,813. 75 004250 LUNDGREN/MATTHEW -H . 10486 11/21/96 52.00 -- 004265---MARK-VII-SALES--INC--- -- - 10487--11/21/96 --- - 14;612:39------ 004266 MARKET MECHANICAL 10488 11/21/96 234.31 - •004365 MEDICA CHOICE 10489 11/21/96 1 ,665.59 004334----NORTHEASTER' - -- - - - -- " 10490-:11/21/96 320.00- 00433S NORTHERN STATES POWER 10491 11/21/96 773.03 004339 NTN COMMUNICATIONS 10492 11/21/96 601 .50 -----00427-4---OF-FfiCE-DEPOT -10493--11/2-1/-96-- ---- -- -------22- 78------- 004354 PAUSTIS & SONS 10494 11/21/96 198.40 004360 PHILLIPS WINE & SPIRITS 10495 11/21/96 2 ,307.54 ---PINNACLE---DIST .----------.------- 10496 --11/21 96 312-60 - 004376 PRIOR WINE CO 10497 11/21/96 2, 167 . 13 004380 PUBLIC EMPLOYEE RETIREME 10498 11/21/96 48 .00 --- 004385---QUALITY-WINE-CO-------------------10499-1-1/2-1/96-------4y562-57- ---- 004285 STAR TRIBUNE 10500 11/21/96 54.02 004492 U S WEST COMMUNICATIONS 10501 11/21/96 595.63 ._______004491------UN I-T-ED -- LIQUOR CHECKING ACCOUNT 82,410.84 *** CITY OF ST. ANTHONY RESOLUTION 96-064. A RESOLUTION APPROVING PURCHASE OF AN INVENTORY CONTROL SYSTEM FOR THE MUNICIPAL LIQUOR STORES BE IT RESOLVED, that the City Council of the City of St. Anthony hereby approves the purchase of an inventory control system for the St: Anthony Municipal Off-Sale Liquor Stores. BE IT FURTHER RESOLVED,•that the City Council of the City of St. Anthony hereby awards the bid for said purchase to Retail Data Systems of Minnesota in the amount of $46,650.00. Adopted this day of 31996. Mayor ATTEST: City Clerk Reviewed for administration: City Manager