Laserfiche WebLink
Department Approval <br />�. � � <br />Item Description: <br />t�i � <br />� <br />REQUEST FOR COUNCIL ACTION <br />Adopt the 2013 Final HRA Tax Levy <br />Date: 12/03/12 <br />Item No.: 12.c <br />City Manager Approval <br />BACKGROUND <br />State Statute requires all municipalities that have levy authority over other governmental agencies to adopt <br />a preliminary tax levy for that agency by September 15th for the upcoming fiscal year. The Roseville <br />HRA, while a separate legal entity, does not have direct levy authority. The City Council must adopt a levy <br />using its authority along with a designation that the funds go to the HRA. <br />� On August 21, 2012, the HRA formally adopted a resolution calling for a 2013 Recommended Tax Levy in <br />the amount of $698,471, an increase of $344,971 or 97% over 2012. A copy of the resolution is attached. <br />The following table summarizes the estimated tax impact on residential homes, based on the HRA's <br />recommended 2013 tax levy, estimates provided by Ramsey County, and assumin,� no change in property <br />. valuation. <br />14 <br />Value of <br />Home <br />$ 160,000 <br />180,000 <br />206,300 <br />220,000 <br />240,000 <br />2012 <br />Actual <br />$14 <br />16 <br />19 <br />20 <br />22 <br />2013 <br />Estimated <br />$ 26 <br />30 <br />34 <br />36 <br />39 <br />$ Increase <br />(decrease) <br />$12 <br />13 <br />15 <br />16 <br />18 <br />% Increase <br />(decrease) <br />82.5 % <br />82.5 % <br />82.5 % <br />82.5 % <br />82.5 % <br />The amounts shown above are independent of the impact that results from the City's tax levy. <br />Page 1 of 3 <br />