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1m 2000 Transit ServicesSOUTHWEST METRO TRANSIT MEMORANDUM RECEIVED JUN 1 G 1999. TO: FROM: DATE: SUBJECT: Mark Senn, Acting Mayor, City of Chanhassen Scott Botcher, City Manager, City of Chanhassen Pam Snell, Finance Director, City of Chanhassen Jean E. Wiklund June 15, 1999 2000 Transit Service Levy Adoption The Local Levy Option Statute passed in 1996 allowed transit agencies the opportunity to have transit taxes levied locally, instead of being levied by the Metropolitan Council. As part of the process to accomplish this, transit agencies and communities participating in the local levy option must notify the Metropolitan Council and the Commissioner of Revenue of their intentions to exercise that option by July 1 each year. If Chanhassen does not act to levy the transit tax locally, the Metropolitan Council will levy the transit tax. The amount levied will then be $746,548. If Chanhassen exercises the local transit tax levy option the transit taxes levied will be the lesser of $746,548 or the 1999 levy amount of $691,977 multiplied by the maximum levy limit for the City of Chanhassen. It is important to note that the Metropolitan Council does not have the ability to reduce the transit tax amount, which is one reason the local levy option is a better situation for Chanhassen, Chaska and Eden Prairie. As in the past few years, Southwest Metro is proposing to use the maximum rate of levy increase as the City, and, therefore, be subject to the same levy cap. The levy cap is based on a formula using the following variables: Market Value of New C/I Construction, Implicit Price Deflator, Household Growth. This is the first step of several inthe levy and budget process for the transit levy. First, the resolution of intent (attached) is required and due by June 30th; next the budgets are prepared and submitted to the cities for review during the months of June through sePtember; and last, the levy is set and the budgets are finalized in December. This process is a mirror of the process used by the cities. After notifying the Metropolitan Council and the Commissioner of Revenue of your city's intent to levy a transit tax for the taxes payable in 2000, the only change that may be made after June 30, 1999 is to reduce the amount of the transit tax levy. The resolution and certification both need to be signed the night of the council meeting, June 28, 1999, so that I can take it with me to send to the Metropolitan Council and the Commissioner of Revenue the following day. It is important that they receive the information by June 30, as the decision to levy or not to levy is irrevocable. CITYOF CHAN SEN 690 G¢v Center Drive, PO Box 147 Chanhassen, Minnesota 55317 Phone 612.937.1900 General Fax 612.93g5739 Engineering £ax 612.937.9152 Public Safe~j Fax 612.934,2524 Web wzvw. ci. chanhasse,, mn. us TO: FROM: SUB J: DATE: Scott Botcher, City Manager Para Snell, Finance Directo~'~ 2000 Transit Service Levy Adoption June 2, 1999 Minnesota statute requires that a municipality which intends to exercise the transit services local levy option for the taxes payable year 2000 must notify the Department of Revenue and the Metropolitan Council of its intent on or before June 30, 1999. The notification must include the amount of the municipality's proposed transit tax for levy year 1999, taxes payable 2000. ' After June 30, 1999, the city's decision to levy or not to levy a transit tax for the taxes payable year 2000 is irrevocable. The only change that may be made after June 30, 1999 is to reduce the amount of the transit tax. Staff recommends certification of notice of intent to exercise local transit tax levy option for taxes payable in 2000 and set proposed transit tax for the 1999 levy year at $746,548. '~ f' a r'~ . l. ~,~o, A ~r~,Jine community with clean lakes, quality schools, a charming downtown, thriving businesses, and beautiful parks. A great place to live, (SOUTHWEST METRO TRANSIT TO: FROM: DATE: SUBJECT: Don Uram-City of Eden Prairie v'Pam Snell-City of Chanhassen Noel Graczyk-City of Chaska Jean E. Wiklund Finance & Facilities Coordinator June 1,1999 Resolution for Transit Tax Levy Enclosed is the resolution that SMTC is requesting the City to execute at its next council meeting in order to set the levy process for transit for 2000. In compliance with the "levy cap" extended by the legislature in the 1999 Session we expect to increase the levy the same percentage allowed for the city. If you have any question please give me a call at 974-3103. 1. Payable 1999 Levy Limit * 691,977 2. Payable 1998 Total Taxable Market Value ** 3. Payable 1999 Total Taxable Market Value ** 4. Payable 1999/Payable 1998 City Market Value Ratio (3/2) $ $ 1,194,012,200 1,288,176,100 1.078863 5. Payable 2000 Levy Limit (1 x 4) * 746,548 * 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 19, 1999 CITY OF CHANHASSEN CARVER AND HENNEPIN COUNTIES, MINNESOTA DATE: RESOLUTION NO: MOTION BY: SECOND BY: DECLARING INTENT TO EXERCISE LOCAL TRANSIT LEVY OPTION FOR TAXES IN 2000 WHEREAS, Laws of Minnesota for 1996, Chapter 455, Section 4 (the "Local Levy Option Act"), allows the Cities of Chanhassen, Chaska and Eden Prairie, to make a local transit tax levy in lieu of receiving assistance from the Metropolitan Council under Minnesota Statutes, Section 473.388, subdivision 4; and, WHEREAS, said local transit levy will replace a similar transit tax levy which would otherwise be made by the Metropolitan Council; and, WHEREAS, in order to effectively exercise the local transit tax levy option, it is necessary that each of the Cities of Chanhassen, Chaska, and Eden Prairie, notify the State Commissioner of Revenue and the Metropolitan Council of its intent to levy the taxes before July 1 of each levy year and to include in the notification the amount of the City's proposed transit tax for the levy year; and, WHEREAS, it is in the best interest of the City of Chanhassen that it declare/ts intent to exercise the local transit levy option for taxes payable in 2000. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Chanhassen as follows: 1. The City hereby declares its intent to exercise the local transit tax levy option for taxes payable in 2000 in an amount not to exceed that permitted by Local Levy Option Act and as certified by the State Commissioner of Revenue in accordance therewith. 2. The City Manager is authorized and directed to give the State Commissioner of Revenue and the Metropolitan Council of the City's intent to exercise the local transit tax option for taxeS payable in 2000 in accordance with the notice attached hereto as Exhibit A and incorporated herein by reference. PASSED AND ADOPTED by the Chanhassen City Council this 28th day of June, 1999. ATTEST: Scott Botcher, City Clerk/Manager Mark Senn, Acting Mayor EXHIBIT A NOTICE OF INTENT TO EXERCISE LOCAL TRANSIT TAX LEVY OPTION FOR TAXES PAYABLE IN 2000 The State Commissioner of Revenue and the Metropolitan Council are hereby notified that the City of Chanhassen, Minnesota, intends to exercise the local transit tax levy option for taxes levied in 1999 and payable in 2000 pursuant to Laws of Minnesota for 1996, Chapter 455, Section 4. The proposed amount of the City's transit tax for the 2000 levy year is $746,548, or the 1999 levy amount ($691,977) multiplied by the maximum levy limit for the City of Chanhassen, whichever is less, all in accordance with Laws of Minnesota for 1996, Chapter 455, Section 4, for taxes levied by the City in 1999 and payable in 2000. By order of the City Council of the City of Chanhassen. CERTIFICATION STATE OF MINNESOTA) )ss COUNTY OF CARVER ) I, Karen J. Engelhardt, duly appointed, qualified and acting Deputy Clerk for the City of Chanhassen, Minnesota, do hereby certify that I have compared the foregoing copy of a "Resolution Declaring Intent to Exercise Local Transit Levy Option for Taxes in 2000" with the original copy, now on file in my office and have found the same to be tree and correct copy thereof and as approved by the City Council. Witness my hand and official seal at Chanhassen, Minnesota, this 28th day of June, 1999. Karen J. Englehardt, Deputy Clerk