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1a 1999 Proposed Property Tax Levy and Truth in Taxation Hearing Dates CITY OF CHANHASSEN 690 City Cl'Ilt('J Diil't, PO Box 147 CI"!Ilj,/liJf/l, MilllfCjOtll 55317 Pbonc 612.937.1900 GI'IlClid Iilx 612.9375739 l:ilgillfcring Fax 612.9379152 Pl!b!ic Safet)' [,1.\ 612.9JU5li \\;'U li'il'li'.ci.d',{J/hr.i!CII.///ii.l/.i TO: Don Ashworth, City Manager Pam Snell, Finance Director ~ Set 1999 Maximum Proposed Tax Levy and Truth in Taxation Hearing Dates FROM: SUBJ: DATE: September 9, 1998 Attached is the 1999 Levy Limitation Notice from the Minnesota Department of Revenue. Also attached is the 1999 Levy Certification for the City of Chanhassen. This takes into account the Minnesota Department of Revenue mandated 1999 levy limitation and additional special levies allowed for bonded debt and the park referendum bonds. Staff has reviewed the upcoming calendar and dates not to contradict with the counties, school districts and special taxing districts, and has identified December ih for the initial truth in taxation hearing and December 14th for the continuation hearing, if needed, and adoption. Staff recommends city council act to set December 7th and 14th as the official truth in taxation hearing dates and authorize certification of the 1999 levy limit plus bonded debt. iCl- (!Jc City ofC/;(liIbnsseJi, A grOll'ing COIii/l1liilllJ' l(lld, dCIi/! [1!c'Ci, fju,zli()' .iellooL>, II d"liilliJlg dO/l'l/toWI/, tbril'illg UWiI/CHC..., illld bCilutiful pild,.i. A grcat plilct' to II/'c, Il'ork, and play MINNESOTA Department of Revenue Property Tax Division Mail Station 3340 Phone (612) 296-3155 Payable 1999 Overall Levy Limitation Notice 411 CHANHASSEN CITY OF CITY ADMINISTRATOR CITY HALL BOX 147 290 CITY CENTER DR CHANHASSEN, MN 55317 The payable 1999 overall levy limitation for your city is: St. Paul, MN 55146-33 Fax (612) 297-21 REVISED August 10, 1998 $ i!'""...~.,-,~~ ..~..f). ,A.;'<fofl t-...;o a .. ':..1".' I .,0, ~ .~"_-'1 t ~ :J. ~,. ~ t :. '.' ., .... . AUG 111998 G\ I '( Ur' '",n.'\,\;.'\i,\SSI 4,615,541 * The following is a listing of the factors used in determining your city's p~yable 1999 overall levy limitation. See the enclosed letter for an explanation of these factors and for additional information concerning your city's overall levy limitation. 1. Adjusted Levy Limit Base for Payable 1998: $ 2. Adjustment for Payable 1997 Market Value of New CIl Construction a. Payable 1996 Total Taxable Market Value: $ b. Payable 1997 Market Value of New CIl Construction: $ c. Adjustment (1 + Ratio of (b) to (a)): 3. New Construction Adjusted Payable 1998 Levy Limit Base (1 x 2c): 3. Implicit Price Deflator Adjustment (Mar. 98/Mar. 97): 4. Household Growth Adjustment a. 1996 Households: b. 1997 Households: c. Ratio of 1997 to 1996 Households (b/a, but not less than 1.000): 6. Adjustment for Payable 1998 Market Value of New CII Construction a. Payable 1997 Total Taxable Market Value: $ b. Payable 1998 Market Value of New CII Construction: $ c. Adjustment (1 + Ratio of (b) to (a)): 7. Adjusted Levy Limit Base for Payable 1999 ( 3 x 4 x 5c x 6c): 8. New Net Tax Capacity-Based Referendum Levies: 9. 1999 Property Tax Aids a. 1999 Certified Local Government Aid (LGA): b. 1999 Certified Homestead and Agricultural Credit Aid (HACA): c. 1999 Certified Local Performance Aid (LP A): d. 1999 Estimated Taconite Aids: e. 1999 Certified Existing Low Income Housing Aid: f. Total(a+b+c+d+e): 10. 1998 Tax Rate Excess Tax Increments: 11. Payable 1999 Overall Levy Limitation (7 + 8 - 9f - 10): * The change in LGA did not affect your overall levy limitation. An equal opportunity employer TTYffDD: (6/2) 2/5-0069 $ 5,274,985 948,119,400 6,506,900 1.007 5,311,910 1.018 5,567 5,835 1.048 $ $ 1,060,331,500 7,606,141 1.007 5,706,755 $ o $ $ $ $ $ $ $ 1,050,566 20,485 1,071,051 20,163 4,615,541 :J'EQ' "R'M' '~' -8' %!-~ _ ;; ''k~ ~"~~-",o...f.'~_f-;;:::.!" COMPLETE AND RETURN TO: Minnesota Department of Revenue - Property Tax Division Mail Station 3340 St. Paul, Minnesota 55146-3340 Telephone: (612) 296-3155 Fax: (612) 297-2166 Name of Governmental Unit CITY OF CHANHASSEN Name of Person Filling Out Form PAMELA SNELL Mailing Address 690 CITY CENTER DRIVE CHANHASSEN, MN 55317 Telephone ( 612 ) 937-1900 X149 1. Total Proposed Payable 1999 Levy Certified to County Auditor _ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. $ 5,876,798 2. Total Special Levies (from page 2). . . . . . .. . . . . . . . .. $ 1,261,257 3. Levy Subject to Levy Limitation (1 minus 2) . . . . . . . . .. $ 4,615,541 4. 1998/1999 Levy Limitation. . . . . . . . . . . . . . . . . . . . . .. $ 4,615,541 I SCHEDULE SPECIAL LEVIES TOTAL A. Bonded Indebtedness (Net Tax Capacity Based) . . . . .. $ 1,014,420 8. Certificates of Indebtedness. . . . . . . . . . . . . . . . . . . . .. $ 0 C. Payments for Bonds of Another Local Unit of Government. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. $ 0 D. Principal and Interest on Armory Bonds. . . . . . . . . . . .. $ 0 E. Unreimbured Costs of the Spring 1997 Floods (By Appeal to the Dept. of Revenue Only) . . . . . . . . . . .' . $ 0 F. Unreimbursed Costs of Abatements Granted to Property in the Spring 1997 Flood Disaster Areas. . . .. $ 0 G. Market Value Based Referendum Levies. . . . . . . . . . .. $ 246,837 Page 1 H. Increases in Matching Fund Requirements for State or Federal Grants. . . . . . . . . . . . . . . . . . . . . . . . . $ 0 I. Preparing for or Repairing the Effects of Natural Disasters (By Appeal to the Dept. of Revenue Only) . . . $ 0 J. Unreimbursed Costs of Abatements Granted to Property in the March 29, 1998 Tornado Disaster Area. $ 0 K. Correction for an Error in the Final Levy Certified to the County Auditor in the Preceding Year. . . . . . . . . . . $ 0 L. Levies for Economic Development Tax Abatements UnderM.S. 469.1815........................ .., $ o M. Special Levies for Specific Counties and Cities (1) Faribault County and City of Blue Earth for Matching Funds (Laws 1997, Chap. 231, Art. 3 Sec. 8) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. $ o (2) Washington County for Payments to Washington County HRA (Laws 1997, Chap. 231, Art. 2, Sec. 58) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ., $ o Total Special Levies (Sum of A through M) . . . . . . . . . . . . . . . . . . . . . . . .. $ 1,261,257 I certify that the above information is accurate to the best of my knowledge. SIGNATURE OF BUDGET OFFICER FINANCE DIRECTOR TITLE 9/9/98 DATE Page 2 tSCHEDUI!~A:';k{:l~~~,QE.Q'~:IJ~QJ;QI~P,t~J;$$Rti~!~tM{~~R~~lL.Yt~A~EQ) $ 1998/1999 Certified Levy 153,000 100,853 205,420 50,368 135,000 203,937 90,000 75,842 Type of Bond CORPORATE PURPOSE BONDS 1988 (1) CORPORATE PURPOSE BONDS 1989C MUNICIPAL BLOG BONDS 19910 (2) IMPRV BONDS 1990B IMPRV BONDS 1991A (3) IMPRV BONDS 1991E IMPRV BONDS 1995B (4) IMPRV BONDS 1995C Purpose $ $ $ (5) Total Special Levy A (1 +2+3+4) $ 1,014,420 i SCHEDULE, B:::CERTIFI~A "tE~IOI= IN QJ;BII;Q'NI;~SjS.~ ..0\~;.it::c.~s~~:{,;~;,,~:~;~;'~';;;~_j~-~ .'~ Authorizing Statutes or Law Purpose (1 ) $ (2) $ (3) Total Special Levy B (1 + 2) $ 1998/1999 Certified Levy o :SCHEDULE C: . PAYMENTS FOR BONDSOF.,'ANOTHERLOCA<U I bt;~(;~~~r~;<*;\;;j:{(;O\YERNNlENT:1:::,j:!~~~~T .:'~([4/;~4~~~f;~~~W~!.. - Local Unit of Government Paid Purpose (1) $ (2) $ (4) Total Special Levy C (1 + 2) $ 1998/1999 Certified Levy o Page 3 fSeHEDUl! " Cl~A~;~tJP1\tllj;B5$JQt!:~BfgJ!YO}~tUl The amount for this schedule is entered only on page 1. See the instructions for more information. CHEbtJllEf,Er~NREIMBURSED\eOSJS~OE:.,' RRINS~1'997~I!QOD" ~..ti<.,;,.'~~;~"'""'~~""'" ., ..~~., .' ,._, ...~"".::"._<t~_,;.>r- "':"7~~",",..._";..,_:,~~,,"~.~.~-!'l"b'-...l'~. :;..ai!S.~~".-.i!ii.,; .fA.", """,~.,,":_..,<<-.- < The amount for this schedule is entered only on page 1. This special levy may only be claimed if your county or city appealed to the Commissioner of Revenue for the authorization to claim this special levy and your county or city received the Commissioner's approval. The amount of this special levy cannot exceed the amount approved by the Commissioner. Do not claim amounts previously approved for the taxes payable year 1998. See the instructions for more information. \S~~~;~~~~":~_~,t~{}~~!'~~~SP..SIS " : "'";T.""I,,;,;,""T.,;.,;:?;",~nRonER~ IN;-rHE:S~R ;x.'~!,";;>,,-'A'~~'--':"'__ ".'1> ::,'":":-'>f~~'",,,,,,~;o...,, ;.J~:I; ._..,{t...:...li."""f?;..-.::.r.-.:. \" "BATEMENTS~GRANTED;T " 99irEUOOD$~TER:t~" " _ .,. 'C",., ".--w.., :.""', ,~. .'_ ","_' ...,_,., ....'. ..".,..;..;,-..j>..,..",'_' . '" ;~..'-, -...., .,......,.JO -,~.. ,.",_-...1''''''_ '."~' . Abatement Program Number of Abatements Granted County's/City's Share of Abatements Granted (1) M.S. 273.123, Subd. 7 $ (3) Total Special Levy F (1) $ o . ~" ~:..": ,. '.~ ''''. . ; "'- ,',-., SCHEDULEG: MARKET VALUE BASED"REFERENDUM LEVIES 1998/1999 Certified Levy 246,837 246,837 Page 4" Local Share Local Share Increase in Required for Required for Required Local Name of Grant Program Payable 1997 Payable 1999 Share (1997-1999) (1 ) $ $ $ (2) $ $ $ (3) $ $ $ (4) $ $ $ (5) $ $ $ (6) $ $ $ (7) Total Special Levy H (1 +2+3+4+5+6) $ 0 jSCHEDUlE I: PREPARiNG FOR OR REPAIRING THE EFFECTS OF NAniRAI.. DlSAStElls~~~;! I The amount for this schedule is entered only on page 2. This special levy may only be claimed if your county or city appealed to the Commissioner of of Revenue for the authorization to claim this special levy and your local governmental unit received the Commissioner's approval. The amount of this special levy cannot exceed the amount approved by the Commissioner. See the instructions for more information. SCHEDULEJ: UNREIMBURSED COSTS OF ABATEMENTS GRANTED TO PROP. . ..>;,'.;>><:.t;.?'l.t',:." .... . .' ." {H . ....;. . . . ,,}y:;:;. ,;,;.;., ;. ..' . "}f.:'i>.!':/;'" .'::. :~, ''.>. . ,"":,":,, - ..:;..... 't"-3~-' ,,," '~'~'f;~::5 '(~-;;~:,i:)~:~" ~ -','~"""",,.,..., IN THE MARCH 29,1998 TQRNADO DISASTER ARE.A7--"4;"-"'~";"': Abatement Program Number of Abatements Granted County's/City's Share of Unreimbursed Abatements Granted (1) M.S. 273.123, Subd. 7 $ (2) Total Special Levy J (1) $ o Page 5 Type of Error Made in Preceding Levy Year * 1998/1999 Certified Levy $ (1 ) (2) $ (3) Total Special Levy K (1 + 2) $ o * Attach documentation of the error and of the amount of the error. ISCHEDULE L:\ LEVIES.FOR'ECONOMIC,D ;~~~~~~;~'k.:_:!;:..o;-f~~:\--::;~~;::4~;;:;:~;~~'r~'-,-;::",~~~i~;. . , "",",."",.-;.;:".",<," . '~"""'UNDER M S.c'i69 181 ~-:";'~~;--7{:,~:'';'~'~'~~';-'' .,,:"i' .....,. ,_.. At,__ ",,~ - '. Purpose Number of Abatements Involved 1998/1999 Certified Levy (1) Debt Service on Bonds $ (2) Other than Bonds $ (2) Total Special Levy L (1 +2) $ o SCHEDULE M: S~ECIAL LEVIES :FQR SPECifiC .C.q~N1JJ:S:~~Q.c;IJJ.E;~,~~(t.i( The amount for this schedule is entered only on page 2. Faribault County and the city of Blue Earth may enter their authorized special levies under Laws 1997. Chapter 231. Article 3, Section 8 on line (1) of Schedule M. Washington County may enter its authorized special levy under Laws 1997, Chapter 231. Article 2, Section 58 on line (2) of Schedule M. See the instructions for more information. Page 6