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HomeMy WebLinkAboutResolution 54-13Resolution 54 -13 14 RESOLUTIONACCEPTING THEAMOUNTS AND RATES AS DETERMINED BY THE BUDGET COMMISSIONAND 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 County Ohio, met in R k'Q - session on the O �� day of (Re or Spf cial) 2013, at the office of I C �Y 144A « with the following members present: .e ' t4 r ( ,ee /;o id A-' moved the adoption of the following Resolution: WHEREAS, This Council in accordance with the provisions of law has previously adopted a Tax Budget for the next succeeding fiscal year commencing January 1, 2014; 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 certification, be and the same are hereby accepted. and be it further RESOLVED, That there be and 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 2013 (collection year 2014) as follows: SCHEDULE A SUMMARY OFAMOUNTSREQUIRED FROM GENERAL PROPERTYAPPROVED BY THE BUDGET COMMISSION, AND COUNTYAUDITOR'S ESTIMATED TAX RATES FUND Limitation Limitation Limit Limit Parkland Acquisition General Fund Charter Bond Retirement Bond Retirement Charter Police Pension Police Operating Fire Pension Fire Operating PolicelFire Pension Capital Improvement Charter Road & Sidewalk Fund TOTAL and be it further $676,91624 0.35 497, 360.15 2, 707, 745.77 1.40 1.20 $497,360.15 $3,384,662.01 1.75 1.20 RESOLVED, That the Clerk of this Council be and is hereby directed to certify a copy of this Resolution to the County Auditor of said County. t' e IL' P seconded the Resolution and the roll being called upon its adoption the vote resulted as follows: Adopted the V day of L ff� 2013. Attest: DUBLIN Clerk of Council Franklin County, Ohio. County Auditor's Amount to be Amount Approved Estimate of Full Tax Derived from by Budget Rate to Be Levied Levies Outside Commission Inside Outside 10 Mill Inside 10 Mill 10 Mill 10 Mill FUND Limitation Limitation Limit Limit Parkland Acquisition General Fund Charter Bond Retirement Bond Retirement Charter Police Pension Police Operating Fire Pension Fire Operating PolicelFire Pension Capital Improvement Charter Road & Sidewalk Fund TOTAL and be it further $676,91624 0.35 497, 360.15 2, 707, 745.77 1.40 1.20 $497,360.15 $3,384,662.01 1.75 1.20 RESOLVED, That the Clerk of this Council be and is hereby directed to certify a copy of this Resolution to the County Auditor of said County. t' e IL' P seconded the Resolution and the roll being called upon its adoption the vote resulted as follows: Adopted the V day of L ff� 2013. Attest: DUBLIN Clerk of Council Franklin County, Ohio. CERTIFICATE OF COPY ORIGINAL ON FILE The State of Ohio, Franklin County, ss. , 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 certify that the foregoing is taken and copied from the original _Pto s a l -t1 '6 now 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 e7 3 r day ofGG/ , 2013. Clerk of Council DUBLIN Franklin County, Ohio. Budget Commission Franklin County • Ohio gqEpo AUG 2 9 2013 TO: POLMCAL SUBDIVISIONS & LIBRARIES WITH A LEVY FROM: KERRI L. RITCHIE, CLERK 1� RE: OFFICIAL CERTIFICATE OF ESTIMATED RESOURCES DATE: AUGUST 28, 2013 Enclosed are the following documents: Edward J. Leonard Treasurer Ronald J. O'Brien Prosecuting Attorney Clarence E. Mingo I1 Auditor Kerri L. Ritchie Clerk 1. 2014 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 2012 valuation data and new construction as of January 1, 2013. The Official Certificate takes into account the "make whole" provisions as provided by the Ohio Department of Taxation. Levies expiring in 2013 have been removed. Levies to be voted on in November 2013 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. If you have any questions, please do not hesitate to contact me at 525 -3743 or 525 -3211. Enclosures c/o County Auditor • 373 South High Street • 21st floor • Columbus, Ohio 43215 -6310 • (614) 462 -3211 I cityof Dublin Office of the City Manager 5200 Emerald Parkway • Dublin, OH 43017 -1090 Phone: 614 - 410 -4400 • Fax: 614 - 410 -4490 To: Members of Dublin City Council From: Marsha I. Grigsby, City Manager V%11_ Date: September 19, 2013 Memo Initiated By: Angel L. Mumma, Deputy City Manager /Director of Finance & Administration Re: Resolution 54 -13 — 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 inside millage (1.75 mills) was allocated 100% to the Parkland Acquisition Fund from 2001— 2006. During that period of time, approximately $16.2 million in revenue was received. From 2007 — 2009, the City allocated .95 mills of the 1.75 mills to the Parkland Acquisition Fund and allocated the remaining .80 mills to the Capital Improvements Tax Fund. Since the approval of the 2010 — 2014 CIP (including the recently approved 2014 — 2018 CIP), Council has approved allocating .35 mills to the Parkland Acquisition Fund and 1.40 mills to the Capital Improvements Tax Fund. This allocation provides flexibility as to how the revenues generated can be used. City Council, of course, has the ability to revise annually how that millage is allocated and reviews that allocation as part of both the operating budget and CIP processes. In 2014, it is estimated that approximately $2,708,000 in property tax revenue from the inside millage will be credited to the Capital Improvements Tax Fund and approximately $677,000 to the Parkland Acquisition Fund. The fund balance in the Parkland Acquisition Fund at the end of 2013 is estimated as $740,000. Furthermore, the outside millage that is credited to the Safety Fund for police operations is estimated to generate approximately $497,000. The effective rate for the Police operating levy for tax year 2012 (collected in 2013) is .204756 for residential /agricultural property and .314205 for commercial /industrial property. This translates into approximately $7.17 per $100,000 in value on residential /agricultural property and $11.00 per $100,000 in value on commercial /industrial property. 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 adoption of Resolution 54 -13 at the September 23, 2013 City Council meeting.