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<br /> ARDEN HILLS TRUTH-IN-TAXATION - DECEMBER 6,1999 2
<br /> . . The reconstruction of the park at the Arden Manor Mobile Home Park The outcome of this
<br /> project has been very successful for the City of Arden Hills as the City now has control over
<br /> the park land,
<br /> . With the resignation of the City Administrator, Brian Fritsinger, and the Assistant to the City
<br /> Administrator, Kevin Ringwald, the City staff had been short-handed for approximately three
<br /> months in 1999. Mr. Post was willing to take on the responsibilities as Interim City
<br /> Administrator over that period of time, In November of 1999, the City hired Joseph Lynch
<br /> as the new City Administrator; however, the City is still short by one staff member. It was
<br /> anticipated that a new Assistant to the City Administrator will be hired early next year.
<br /> Mayor Probst requested that Mr. Post provide a presentation reviewing the proposed budget and
<br /> property taxes,
<br /> With regard to the reconstruction of the Highway 96 and West Round Lake Road intersection,
<br /> Mr. Post noted that, although this reconstruction was a positive accomplishment, since the
<br /> project was not accomplished in combination with Ramsey County's work on Highway 96, the
<br /> City of Arden Hills was responsible for funding approximately $900,000 of County project costs.
<br /> The City expects these funds to be reimbursed; however, it appears that the timing for this
<br /> reimbursement will be delayed several years,
<br /> . Mr. Post stated that the presentation for the Truth-In- Taxation public hearing reviewed the 2000
<br /> proposed budget in three general categories.
<br /> Category A, Making Sense of Property Taxes, provided an understanding of how the City's
<br /> market valuation, tax capacity and median values, specific to Arden Hills, impacts the property
<br /> taxes,
<br /> Category B, Cost of City Services in Perspective, provided a hypothetical monthly service bill
<br /> which breaks down the cost of the services received by the citizens of Arden Hills.
<br /> Category C, Discussion of Proposed City Budget, explained the specifics of the proposed budget
<br /> in a more detailed fashion.
<br /> Mr. Post proceeded with the slide presentation, He explained that Slide #1, Who Determines
<br /> Your Property Tax, was a three-legged process in terms of the components of the property taxes,
<br /> In addition to the taxing jurisdiction determining the levy amount, State Legislature establishes
<br /> property classes and class rates, determines formulas for State Aids and determines mandates that
<br /> may impact local governments. The County Assessor detem1ines market values and assigns
<br /> property classes.
<br /> Slide #2, Tax Computation Example, provided an example of how property taxes are calculated,
<br /> The first step was determining the property's tax capacity, which was determined by the class
<br /> . rate, and tbe market value determined by the County Assessor. The first $76,000 of the
<br /> estimated market value had a one-percent tax capacity, The estimated market value in excess of
<br /> $76,000 had a tax capacity of 1 ,65 percent For a home in Arden Hills, with an estimated median
<br /> market value of$157,850, there would be a net tax capacity of$2,11 0,53. To determine the total
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