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HomeMy WebLinkAboutResolution 47-11RESOLUTION 47 -11 RESOLUTiONACCEPTING TIIEAMOUNTS AND RAM SAS DETERMINED BY THE BUDGET'COMMISSIONAND AUTHORIZING T HE NECESSARYTAX LEVIES AND CERTIFYING THEM TO THE COUNTYAUDITOR (C17'Y COUNCIL) OHIO RMSED CODE, SECTION 5705.34, 5705.35 The Council of the City of DUBLIN Franklin County Ohio, mel in G ✓ session on the,�I,lj day of (Reg dt • o 2011, of the office of present: A I r hZe- Ll the adoption of thefollo wing Resohi Hot r. WHEREAS, This Council in accordance 11 lite provisions of lint has previously adopted a Tav Budgetfor lite next succeeding fiscal year commencing Jamany 1, 2012; and HWEREAS, 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 far necessary to be levied by this Council, and what part thereof is without, and what put within, the ten mill fax limitation; Anerefor•e, be it RESOLVED, By Ilse Council of the City of DUBLIN Franklin County, Ohio, that the amounts and rates, as determined by fire Budget Commission in its certification, be and the saute are hereby accepted: and be it fia•ther RESOLVED, 77tat there be aid is hereby levied on the tar duplicate of said City file role of each tae necessary to be levied wiUein and without the ten mill limtitation for lax year 2011 (collection year 2012) as follows: RESOLUTION 47 -11 SCHEDULEA SUMMARY OFAMOUNTS REQUIRED FROM GENERAL PROPERTYAPPROVED BY THE BUDGET COMMISSION, AND COUNTYAUDITOR'S ESTIMATED TAX R47TS FUND Amami to be Derived from Levies Outside lOMill Limitation Amount Approved by Budget Commission Inside MAIM Limitation CountyAudifor's Estimate of Full Tar. Rate to Be Levied Inside Outside !0,61111 10.61111 Limit Limit ParklandAcgtdsition $713,031.83 0.35 General Fund Charter Bond Retirement Bond Retirement Charter Police Pension Police Operating 538,355.37 1.20 Fire Pension rim Operating Police /Fire Pension Capital Improvement Charter 2,852,127.30 1.40 Roar! d Sidewalk Fund TOTAL $538,355.37 $3,565,159.13 1.75 1.20 onl be it further RESOLVED, 77tat the Clerk of this Council be and is hereby directed to certify a copy of this Resolution to the CotuntyAittlitar ofsald County. seconded the Resolution and fhe roll being called upon its adoption the vote resulted ns follows: RESOLUTION 47 -11 CERTIMCA7E OF COPY ORIGINAL ON FILE Tire State of Ohio, Franklin County, ss. Clerk of the Council of the City of DUBMr widrbi aid for said County, and in whose cuslody the Files and Records of said Council are required by the Laws of State of 0hio to be kept •—� do hereby certify that the foregoing is taken and copied front the original — 121� -- 2 (� / now on file, lint the foregoing has been compared by me with sold original document, and That ilre same is a b•ue and correct copy thereof. UITNESSmy signature, ihls ,&-d,— day of l' ,_ 201 C Clerk ofCouncid DUBLIN Franklin County, Ohio. 7 Office of the City Manager 5200 Emerald Parkway • Dublin, OH 43017 -1090 Memo CITY OF DUBLIN_ Phone: 614 - 410 -4400 • Fax: 614 - 410 -4490 To: Members of the Dublin City Council From: Marsha I. Grigsby, City Manager Date: September 22, 2011 Initiated Bryan Thurman, Deputy Director of Finance by: Re: Resolution 47 -11- 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 1976 levy for police operations. As Council is aware, the property tax revenues from the City's inside millage (1.75 mills) was allocated 100 percent to the Parkland Acquisition Fund from 2001 -2006. During that period of time, approximately $16.2 million in revenue was credited to the Parkland Acquisition Fund. For 2007 -2009, the City allocated .95 mills of the total 1.75 mills to the Parkland Acquisition Fund and allocated the remaining .80 mills to the Capital Improvements Tax Fund. In order to provide for additional flexibility as to how the revenues generated from the inside millage can be used, as part of the 2010 — 2014 CIP process, Council approved allocating .35 mills to the Parkland Acquisition Fund and 1.4 mills to the Capital Improvements Tax Fund for 2010 and 2011. As part of the 2012 — 2016 CIP process, Council approved the continuation of the same inside millage allocation as in 2010 and 2011. As we have discussed, the City has the ability to revise annually how the inside millage is allocated, and reviews the allocation as part of the Tax Budget process and the CIP process. In 2012, it is estimated that approximately $2,852,100 in property tax revenue will be credited to the Capital Improvements Tax Fund and approximately $713,000 to the Parkland Acquisition Fund. The balance in the Parkland Acquisition Fund at the end of 2011 is estimated to be approximately $3.5 million. The adoption of this Resolution is required by Section 5705.34 of the Ohio Revised Code. As stated in the attached correspondence from the Franklin County Budget Commission, the adopted Resolution is to be filed with the Budget Commission on or before October 1. Recommendation Staff is recommending the adoption of Resolution No. 47 -11 at the September 26, 2011 City Council meeting. Budget Commission Franklin County • Ohio Edward J. Leonard Treasurer Ronald J. O'Brien Prosecuting Attorney Clarence E. Mingo II TO: POLITICAL SUBDIVISIONS & LIBRARIES WITH A LEVY Auditor FROM: KERRI L. RITCHIE, CLERK 1 2 w - Ke kri L. Ritchie RE: OFFICIAL CERTIFICATE OF ESTIMATED RESOURCES DATE: AUGUST 31, 2011 Enclosed are the following documents: 1. 2012 Official Certificate of Estimated Resources 2. Resolution Accepting the Amounts and Rates Authorizing the Necessary Tax Levies The Resolution Accepting the Amounts and Rates must be voted on and adopted by your respective governing body and returned to this office on or before the first day of October (O.R.C. 5705.34). The amounts on this resolution include the real property state reimbursement for rollback and homestead. In the event your subdivision passes a levy in November and/or has a bond rate to be set by the Budget Commission, an Amended Resolution Accepting the Amounts and Rates Authorizing Necessary Tax Levies" will be forwarded to you in late December. The Real Estate & Public Utility tax levy revenue estimates appearing on your Official Certificate are based on 2010 valuation data and new construction as of January 1, 2011. The Official Certificate takes into account the "make whole" provisions as provided by the Ohio Department of Taxation. Levies expiring in 2011 have been removed. Levies to be voted on in November 2011 are not included. It should be noted that current tax revenue estimates may increase or decrease when actual valuation and effective tax rate data become available in December. These numbers do not include the new reappraisal values. They will not be available until they are certified by the State in December. If you have any questions, please do not hesitate to contact me at 525 -3743 or 525 -3211. RECEIVED Enclosures SEP o 2 2011 c/o County Auditor • 373 South High Street • 21st floor • Columbus, Ohio 43215 -6310 • (614)WNMEPT.