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HomeMy WebLinkAbout60-07 ResolutionOffice of the City Manager 5200 Emerald Parkway; Dublin, Ohio 43017-1006 Phone: 614-410-4400; Fax: 614-410-4490 M e m o c~~ of ocsLis To: Members of Dublin City Council From: Jane S. Brautigam, City Manager. 15U Date: September 13, 2007 Initiated By: Marsha I. Grigsby, Deputy City Manager/Director of Finance Re: Resolution No. 60-07, Resolution Accepting the Amounts and Rates and Authorizing Tax Levies SUMMARY: Each year, the Franklin County Budget Commission determines the amount of property taxes to be received based on the City's millage rates, both inside and outside the "10 mill limit." The inside millage rate was established many years ago by the State and the outside millage is based on the 19761evy for police operations. As you are aware, beginning in 2007 the property tax revenue generated from the inside millage is being credited to the Capital Improvements Tax Fund for the improvement of the US 33/State Route 161/Post Road interchange and the Parkland and Acquisition Fund to acquire recreational facility sites, open space and parkland. A portion of the revenue credited to the Parkland Acquisition Fund is utilized to retire debt issued in the past to acquire parkland. The distribution of the inside millage is evaluated annually as part of the tax budget process. The adoption of this Resolution is required by Section 5705.34 of the Ohio Revised Code. The adopted Resolution is to be filed with the Budget Commission on or before October 1. RECOMMENDATION: Staff is recommending the adoption ofResolution No. 60-07 at the September 17, 2007 City Council meeting. Resolution 60-07 RESOLUTIONACCEPTING THE AMOUNTS AND RATES AS DETERMINED BY THE BUDGET COMMISSION AND AUTHORIZING THE NECESSARY TAX LEVIES AND CERTIFYING THEM TO THE COUNTYAUDITOR (CITY COUNCIL) OHIO REVISED CODE, SECTION 5705.34, 5705.35 The Council of the City of DUBLIN Franklin C/ou'nty Ohio, met in k ~Q session on the ~ day of ~ ~.~Tf~m~Lf~ (Re a or ecial)n / 2007, at the office of t^ tc l'4 dJ ~ with the following members present: /~ ° ~-r? / h ~1~~ moved the adoption of the following Resolution: WHEREAS, This Council in accordance with the provisions of taw has previously adopted a Tax Budget for the next succeeding fiscal year commencing January I, 2008; and WHEREAS, The Budget Commission of Franklin County, Ohio, has certified its action thereon to this Council together with an estimate by the County Auditor of the rate of each tax necessary to be levied by this Council, and what part thereof is without, and what part within, the ten mill tax limitation; therefore, be it RESOLVED, By the Council of the City of DUBLIN Franklin County, Ohio, that the amounts and rates, as determined by the Budget Commission in its cert~cation, be and the same are hereby accepted: and be it further RESOLVED, That there be a»d is hereby levied on the tax duplicate of said City the rate of each tax necessary to be levied within and without the ten mill limitation for tax year 2007 (collection year 2008) as follows: SCHEDULE A SUMMARY OFAMOUNTS REQUIRED FROM GENERAL PROPERTYAPPROVED BYTHE BUDGET COMMISSION, AND COUNTYAUDITOR'S ESTIMATED TAX RATES FUND $1,830,166.15 0.95 Parkland Acquisition General Fund Charter Bond Retirement Bond Retirement Charter Police Pension Police Operating Fire Pension Fire Operating Police/Fire Pension Capitallmprovement Charter Road & Sidewalk Fund TDTAL and be it further Amount to be Amount Approved Derived from by Budget Levies Outside Commission 10 Mill Inside 10 Mill Limitation Limitation County Auditor's Estimate of Full Tax Rate to Be Levied Inside Outside 10 Mill 10 Mill Limit Limit 1.20 542,210.94 1,540,657.39 0.80 $542,210.96 $3,370,823.54 1.75 1.20 RESOLVED, That the Clerk of this Council be and is hereby directed to cert~ a copy of this Resolution to the County Auditor of said County. .~ ~~~_ seconded the Resolution and the roll being called upon its adoption the vote resulted as follows: Adopted the f' ~ day of Attest: ~~ ~_ Clerk of Council ~~ ~ DUBLIN Franklin County, Ohio. h 2007. CERTIFICATE OF COPY ORIGINAL ON FILE The State of Ohio, Franklin County, ss. I, ~hh~ ~ _ ~ ~(~{~,('~~ ,Clerk of the Council of the City of DUBLIN within and for said County, and in whose custody the Files and Records of said Council are required by the Laws of State of Ohio to be kept do hereby cert~ that the foregoing is taken and copied from the original no-a~ on file, that the foregoing has been compared by me with said original document, and that the same is a true and correct copy thereof. WITNESS my signature, this ~ ~! day of G/~1~ , 2007. Clerk of Council DUBLIN Franklin County, Ohio. CITI" OF DL'[3LIn Office of the City Manager 5200 Emerald Parkway; Dublin, Ohio 43017-1006 Phone:614-410-4400; Fax:614-410-4490 To: Members of Dublin City Council From: Jane S. Brautigam, City Manager Date: September 13, 2007 Initiated By: Marsha I. Grigsby, Deputy City Manager/Director of Finance Memo Re: Resolution No. 60-07, Resolution Accepting the Amounts and Rates and Authorizing Tax Levies SUI~~II~~IARY: Each year, the Franklin County Budget Commission determines the amount of property taxes to be received based on the City's millage rates, both inside and outside the "10 mill limit." The inside millage rate was established many years ago by the State and the outside millage is based on the 19761evy for police operations. As you are aware, beginning in 2007 the property tax revenue generated from the inside millage is being credited to the Capital Improvements Tax Fund for the improvement of the US 33/State Route 161 /Post Road interchange and the Parkland and Acquisition Fund to acquire recreational facility sites, open space and parkland. A portion of the revenue credited to the Parkland Acquisition Fund is utilized to retire debt issued in the past to acquire parkland. The distribution of the inside millage is evaluated annually as part of the tax budget process. The adoption of this Resolution is required by Section 5705.34 of the Ohio Revised Code. The adopted Resolution is to be filed with the Budget Commission on or before October 1. RECOMMENDATION: Staffis recommending the adoption ofResolution No. 60-07 at the September 17, 2007 City Council meeting.