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66-08 ResolutionResolution No. 66-OS RESOLUTION ACCEPTING THE AMOUNTS AND RATES AS DETERMINED HY THE BUDGET COMM/SSIONAND AUT HOR/ZING THE NECESSARY TAX LEVIES AND CERT/FYINC, THEM TO 7f/E COUNIYAUDITOR (CITY COUNCIL) OH/O REVISED CODF_, SECT'/ON 5705.34, 5705.35 Tire Council of the City of DUIILIN (^ Franklin°CatnN Ohio, met in .~in/~ session on the f~~_ day oj_~,/„~~~/h/? (..-~' (Re ! or S~jc~ial) , 2008, a! the office of _t.l!Gt.i2~1~1,:~11~+!~~' - . with the following memhers present' ~, nv ~/ ,~l/~~pf rj~ moved the adoption of the following Resolution: -lY~ 4VIIIiRii%AS, This CoratcilJin necordance with dre provisions n/' law has previously ndopted a'Tac Budget for the next succeeding fiscal year commencing Jamrnry !, 2009; and WHF.RIiA$ Tlrc Budget Commission of I%runklin County, Ohio, has certr/ied its action thereon to this ('ouncif together with an estimate by the County Auditor of the rate of each taz necessary to be levied by this Council, and what part thereof is without, and what part within, Uve !en mill !ax [imitation; therefore, he it RESOLGED, Hy the Council of tfre City of DU73LlN Franklin County, Ohio, tlrat the amounts and rates, as determined by the 73udget Commtssiar in its certification, he rnrd the same are herehy accepted: and he it further /LESOLVED, That there be and is hereby levied an the taz duplicate of said City the rate of each tax necessary to he levied within and without the ten mill limitation for tar year 2008 (collectiar year 2009) as follows: SCHEDULEA SUMMriRY OFAMOUNTS REQUIRED FROM GENERAL PROPERTYAPPRO [fED BY THE BUDGET COMMISSION, AND COUNTYAUDITOR'S ESTIMATED TAX RATES UND Amount to be Derived from Levies Dutside IOMi11 Limitation Atnount.4ppraved by Budget Commission Inside 10 Mill Limitation Cottnty Auditor's Estimate of Full Tax Rate to Be Levied Inside Outside 10 Mill lOMill Litnit Limit Parkland Acquisition $1,870,492.95 0.95 General Fund Charter Bond Retirement Bond Retirement Charter Police Pension Police Operating 502,983.20 1.20 Fire Pension Fire Operating Police/Fire Petuion Capitallmprovement Charter I,S7S,88S.21 0.80 Road & SidewalkFund TOTAL $502,983.20 $3,446,378.16 1.75 1.20 and be it further RESOLCiED, Tltat the Clerk of this Council be and is hereby directed to certify 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 l~ day of , 2008. Attest. ~PFStde ~ e t Q,AQ`~ ~~ ~ ~ _/1 ~ ~ w . ~~ DUBLIN [% Clerk oJCouncil Franklin County, Ohio. L'ERTIFICATE OF COPY ORIGINAL ON FV.E 'l/re Slate ol'Ohio, I%rmrklin C/~ounry. sx. !, ~~ h ~ (~ I ~Y~~ ,Clerk of the Cmurci! of the City of UUIiLIN within and for said County, and in whose custody the Files and Recm•ds ofsaid Council are required by dre Caws of State ofOhia to be k/epi/ do hereby certify [hat the foregoing is taken and copied from The anginal _ ~~. G G ~ Q now on file, that the foregoing has been compared by nre with said origins! document, and that the same is a true and correct copy t(h%ere of: ' / WITNIiSS rrrv signature, this __ ~~~ _ clay of `J_~~~Q~[/_, 2008. C~c~ ~ ~- Clerk ofCaunci! D(.173LIN l%rmrk[in Canrty, Ohio. Budget Commission Franklin County Ohio TO: POLITICAL SUBDIVISIONS & LIBnRARIES WITH A LEVY FROM: KERRI L. RITCHIE, CLERK K~"r RE: OFFICIAL CERTIFICATE OF ESTIMATED RESOURCES DATE: AUGUST 29, 2008 Enclosed are the following documents: Edward J. Leonard Trcasurcr Ronald J• O'Brien Prosecuting Attorney Joseph W. Testa Auditor Kerri L. Ritchie Clerk 1. 2009 Official Certificate of Esthnated Resources 2. Resolution Accepting the Amounts and Rates Authorizing the Necessary Tax Levies The resolution 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 forwazded to you in late December. The Real Estate & Public Utility tax levy revenue estimates appearing on your Official Certificate are based on 2007 valuation data and new construction as of January 1, 2008. The revenue estimates for the Personal Property tax levy are based upon the information as supplied by the State of Ohio located on their website. The Official Certificate takes into account the "make whole" provisions as provided by the Ohio Department of Taxation. Levies expiring in 2008 have been removed. Levies to be voted on in November 2008 aze 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. If you have any questions, please do not hesitate to contact me at 462-3743 or 462-3211. Enclosures RECEIVED SEP 2 - 2008 FINANCE DEPT. c/o County Auditor 373 South High Street 21st floor Columbus, Ohio 43215-6310 (614) 462-321 I CITY OF DUBLIN_ Office of the City Manager 5200 Emerald Parkway • Dublin, OH 43017-1090 Phone: 614-410-4400 • Fax: 614-410-4490 To: Dublin City Council Prom: Jane S. Brautigam, City Manager Date: September 11, 2008 ° fS~~ Memo Initiated By: Marsha L Grigsby, Deputy City Manager/Director of Finance Re: Resolution 66-08, Accepting the Amounts and Rates and Authorizing Tax Levies Summary Each year, the Franklin County Budget Commission deternunes 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 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 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. 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 recommends adoption of Resolution 66-08 at the September 15, 2008 City Council meeting.