1j Local Transit Levy OptionCITYOF
90 Cig Center Drive, PO Box 147
Chanhassen, Minnesota 55317
Phone 612.93Z 1900
General Fax 612. 937. 5739
r, ngineedng Fax 612.937.9152
~ublic Safety Fax 612.934.2524
wwm ti. chanhassen, mn. us
MEMORANDUM
TO:
FROM:
Mayor
City Council
Bruce M. DeJong, Finance Directo/~
DATE: May 24, 2001
SUBJECT:
Resolution Declaring Intent to Exercise Local Transit
Levy Option for Taxes in 2001
The City Council .is required by state statute to notify the Department of Revenue
of its intent to levy for transit each year by June 30. This is a necessary step for
the City to participate in the Southwest Metro Transit organization for next year.
The resolution is similar to the one passed by the council last year.
Included in the packet are the letter and levy limit from the Department of
Revenue and the resolution as prepared by the Southwest Metro Transit staff.
attachments
Ci~. of Chanhassen. A ~rowin£ communit~ with clean lakes, ttuality schools, a charmint, downtown, thrivin~ businesses, and beautitCul oarks. A ereat o/ace to live. work. and o/av.
MINNESOTA Department of Revenue
Property Tax Division
Mail Station 3340
Phone (651) 296-3394
St. Paul, MN 55146-33'
Fax (651) 297-21¢
May 23, 2001
Bruce DeJong, Finance Director
City of Chanhassen
690 City Center Drive
Chanhassen, Minnesota 55317-0147
Dear Mr. DeJong:
The payable 2002 transit services levy limitation for operating costs and capital expenditures for the
city of Chanhassen has been determined. This levy limitation is determined and certified under M.S.
473.388, Subd. 7. The enclosed table shows the determination of this levy limitation. As in the past,
this levy limitation amount is before HACA reduction.
The statute requires that a municipality which intends to exercise the transit services local levy option
for the taxes payable year 2002 must notify the Department of Revenue and the Metropolitan Council
of its intent on or before June 30, 2001. The notification must include the amount of the municipality's
proposed transit tax for levy year 2001, taxes payable 2002.
If your city intends to levy a transit tax under the transit services local levy option for the taxes payable
year 2002, please send us a certification of your city's intent along with a certification of your city's
proposed payable 2002 transit tax on or before June 30, 2001. The amount of the proposed payable
2002 transit tax certified to the Department of Revenue should be the amount before HACA reduction.
If the required certification is not received by the due date, your city may not levy a transit tax for the
taxes payable year 2002.
After June 30, 2001, your city's decision to levy or not to levy a transit tax for the taxes payable year
2002 is irrevocable. If your city has certified that it intends to levy a transit tax for the taxes payable
year 2002, the only change that may be made after June 30, 2001 is to reduce the amount of the transit
tax.
If you have any questions concerning this letter or the enclosed table, please contact me.
Sincerely,
Shawn Wink
Research Analysis Specialist
Enclosure
cc: Tim Fleetham, Budget Coordinator
Metropolitan Council
An equal opportuni'ty employer TTY/TDD: (651) 215-0069
payable .2002 TranS i!
for oPeratingcost ?
1. Payable 2001 Levy Limit *
$ 818,935
2. Payable 2000 Total Taxable Market Value **
3. Payable 2001 Total Taxable Market Value **
4. Payable 2001/Payable 2000 City Market Value Ratio (3/2)
$ 1,413,079,700
$ 1,593,928,100
1.127982
5. Payable 2002 Levy Limit (1 x 4) *
$ 923,744
* Before HACA reduction.
Includes tax increment values, fiscal disparity values, and powerline credit values.
However, the amounts shown are after (1) limited market value adjustments and (2)
market value exclusions for improvements made to qualifying homestead property
("This Old House" exclusions).
Prepared by: Minnesota Department of Revenue
Property Tax Division
May 18, 2001