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HomeMy WebLinkAbout5. 2012 Budget Discussion July 12, 2011 To: Mayor and City Council From: Mark McNeill, City Administrator Julie A. Linnihan, Finance Director Topic: 2012 Budget Discussion Overview: The 2012 budget process has been on -going for several weeks with City staff working on the preparation g p g g Y g p p of preliminary departmental budgets, review of revenue sources and analysis of the many inter- departmental charges and programs that impact the final expenditures of the City's operations. These budgets will be reviewed during the next few weeks with each department head to ensure compliance with the budget process that each municipality is required to comply with, specific to the development of a preliminary levy and budget. These items will be submitted to the Council for review and approval during the September 6 2011 City Council meeting. Background: In most typical budget years, it is possible to initially calculate the budget impacts for properties and residents can be undertaken with the assistance of specific information from the Counties and the State. During these times of budget shut downs, and closure of critical departments, including the Minnesota Department of Revenue, obtaining and working with accurate numbers is not an option. In recent discussions with Scott County, cities and counties will be unable to obtain or develop reasonable estimates for fiscal disparities and market value credits. These items are critical to the development of an accurate tax capacity as well as other tax related rates. As the "stand -off" continues, City staff will continue to work with the data that can be obtained as it becomes available to provide this information to Council . The development of the data that is also used for the initial hearings and public presentations will also be affected by the lack of timely information. The Counties are currently assessing the impact this will have on the required notification that they must provide, based on the details of levies provided by the Cities. The League of MN Cities has been contacted on this issue. Rachael Walker and Gary Carlson, of the League, are meeting on this important issue, and will be soon generating an updated informational memo to assist in this critical issue and process. 1 Historical Tax and Value Data: While the City of Shakopee is experiencing a decrease in market values, it is at a rate lower than many surrounding and metro cities. For 2012, the City of Shakopee is estimated to see a decrease in net tax capacity (NTC) of .84 %, which is better than surrounding areas that have experienced decreasing values of greater than 5 %. The decline in market values has brought about concerns and questions from residents regarding the impact that lost values will have on their investment (home or business)the slowing of market value decline is a positive sign. However the potential impact will be much less in Shakopee than in most metro cities. Also provided for your review is a report generated by Scott County that details the tax information specific to the county communities and taxing entities. The information for Shakopee is highlighted and provides the values for tax capacity, market value and fiscal disparities. These items are significant in determining the tax impact of a levy for each taxing unit. The estimated market values clearly show the abrupt changes that have been experienced during the past few years, as well as the increases in fiscal disparities and relative stability in homestead credit sources. The individual taxing entity reports provide you with a concise overview of each community, township, school and taxing district. This report provides a summary of tax capacity numbers and tax rates. This report allows for a comparison of the tax rates of surrounding communities, ranging from Belle Plaine, with a tax rate of 67.3196, to Prior Lake, with a tax rate of 30.7102. Historically, it appears that the growth of the tax rate in Shakopee has remained below the rate of growth of surrounding communities, and has also provided Shakopee with a tax rate that is lower than the state average, as was presented by the audit staff from Kern, DeWenter & Viere. These reports also provide a concise overview of the decline in market values that have been experienced throughout the county. Tax Levies: Historically, the City certifies levies to Scott County for collection in the following year. The levies are detailed for specific purposes as follows: Year Levy Type Amount Total Levy 2010/2011 General $14,637,438 Economic Dev. $ 80,000 Debt Service -Fire $ 120,000 $14,837,438 2009/2010 General $14,717,438 Economic Dev. $ 0 Debt Service -Fire $ 201,227 $14,918,662 2008/2009 General $ 14,657,438 Economic Dev. $ 60,000 Debt Service -Fire $ 246,239 $14,963,677 2 As this information reflects, the levies for the City have remained relatively flat or declining. The policy issue facing the Council is to define the direction that the City staff is to follow in establishing the 2011 /collectible in 2012 levies. Staff will be discussing the development, status and utilization of the EDA levy, as well as the cancellation of the debt service levies that have been presented to Council in prior years. The reduction of debt service levies is an option that is available fora short period of time, but they will ultimately need to be addressed as the cash positions of the fund can no longer carry the annual principal and interest payments. In Chapter 2 of the City Code, the establishment of the Capital Improvement Fund (CIF) is authorized. In this section of the code is also the provision to fund the CIF fund through a levy. This topic has been discussed at length by staff, as the recent decision to eliminate special assessment collections for street overlay projects has placed a greater burden on the CIF fund. This topic was also presented to the Council at a February 2011 Council meeting, and the attached information may be helpful during this discussion with the Public Works Director. Many cities have a specific levy directed toward the Capital Project programs with variations on the implementation and application of the levy, such as initiating a levy at a lesser amount at the start of the levy, and ramping the levy incrementally for project needs; establishing a portion of the General levy to the CIF program, or defining a transfer to the CIF fund. In the near future, the position of this fund will require attention, and the 2012 budget discussions seem an appropriate time to address this topic. Internal Service Activity: In the initial review of the 2011 budget work papers and preparation of the 2012 estimates, Finance g P p p p , staff has held several meetings with Department Heads and other City staff regarding the calculations specific to the internal charges between funds for the equipment rentals and building facility rental. s Throughout these meetings, was voiced regarding the size of the increases in these charges and g g, g g g the impact these increases would have on the departmental budgets. Finance has recommended holding the 2012 rates for these activities at the 2011 schedule and a detailed review of the information, history and calculations undertaken with each department. During these reviews, the data within the work papers can be used to confirm the life of the items reviewed, and the analysis as to the formulas and structure reviewed and confirmed. During the life cycle of equipment or buildings, many components of the activity can change- inter - departmental transfers, reductions in life due to wear and damage, and the criteria that define specific charges for building rent, such as count of personnel and footage of building utilized. This process has already begun and will continue into the summer to ensure a broader understanding of the charges by all departments and divisions. Two Year Budget Preparation: As indicated earlier in the memo, because of the State shutdown, staff is facing a unique situation because the state shut down makes it nearly impossible to obtain information that is vital in preparing the 2012 budget and levy information. Departments have also approached Finance to discuss needed changes in the 2012 budget that were established during the 2011 budget process, as many of the components established to create the budgets have been changing, creating challenges in working with the original 2012 budgets. These factors include unforeseeable variables in fuel costs, chemicals, fertilizers, labor arbitration issues, to name a few. Staff is requesting a discussion with Council on the advisability of continuing the two year preparation. 3 C ► r� o New Assessment Year Information - Pre Local Boards or Appeals Pay 2011 Final Pay 2012 Proposed Pay 2011 Final Pay 2012 Proposed Pay 2011 Final Class EMV EMV % Change TMV TMV % Change RMV Agricultural $ 96,613,200 $ 87,092,500 -9.85% $ 54,312,000 $ 47,657,900 - 12.25% $ 3,654,200 Residential $ 2,463,280,800 $ 2,466,276,300 0.12% $ 2,456,850,500 $ 2,462,596,100 0.23% $ 2,456,718,300 Apartment $ 143,370,900 $ 141,119,400 -1.57% $ 143,370,900 $ 141,119,400 -1.57% $ 136,435,400 Res Vacant Land $ 39,417,700 $ 33,117,300 - 15.98% $ 39,411,700 $ 33,197,300 - 15.77% $ 39,331,700 Com /Ind $ 852,753,200 $ 840,225,100 -1.47% $ 852,613,200 $ 840,225,100 -1.45% $ 852,753,200 PP Public Utility RR $ 20,285,300 $ 20,035,300 -1.23% $ 20,285,300 $ 20,035,300 -1.23% $ 20,285,300 Other $ 3,225,900 $ 3,318,200 2.86% $ 3,225,900 $ 3,318,200 2.86% $ 3,225,900 TOTALS $ 3,618,947,000 $ 3,591,184,100 -0.77% $ 3,570,069,500 $ 3,548,149,300 -0.61% $ 3,512,404,000 Pay 2012 Pay 2011 Final Pay 2012 2012 New Proposed RMV % Change NTC Proposed NTC % Change Construction EMV $ 3,382,200 -7.44% 505,717 435,841 - 13.82% $ 202,500 $ 2,462,009,300 0.22% 24,652,932 24,672,634 0.08% $ 40,209,800 $ 134,096,400 -1.71% 1,615,657 1,623,339 0.48% $ - $ 33,117,300 - 15.80% 490,522 413,993 - 15.60% $ - $ 840,225,100 -1.47% 16,736,178 16,487,703 -1.48% $ 4,085,000 $ 20,035,300 -1.23% 405,000 400,000 -1.23% $ - $ 3,318,200 2.86% 40,649 41,830 2.91% $ - $ 3,496,183,800 -0.46% $ 44,446,655 $ 44,075,340 -0.84% $ 44,497,300 al 2011 FINAL VALUES & TIF INFO - USED FOR PAY 2011 GROSS FISC DISP TAXABLE FISC DISP ADJUSTED ESTIMATED TAXABLE REFERENDUM 2011 FISC DISP 4- 1= ��� TAXING AUTHORITY TAX CAP TIF CONTRIB NTC NTC DISTRIB NTC TAXABLE NTC MARKET VALUE MARKET VALUE MARKET VALUE DIST IN DOLLARS CREDITS ..J Scott County 156,397,701 1,015,059 12,804,553 142,578,089 16,928,006 159,506,095 15,859,465,500 13,932,904,800 13,232,158,300 $ 5,625,741 $ 1,960,683 Belle Plaine Twp 1,600,344 - 20,442 1,579,902 71,761 1,651,663 203,659,200 186,131,800 90,250,200 $ 9,243 $ 11,257 BlakeleyTwp 895,406 - 10,373 885,033 31,580 916,613 112,858,200 102,496,300 42,464,900 $ 4,260 $ 7,184 Cedar Lake Twp 4,571,240 - 28,582 4,542,658 241,618 4,784,276 486,110,400 460,966,400 394,741,500 $ 22,234 $ 10,845 Credit River Twp 8,857,645 - 118,421 8,739,224 459,987 9,199,211 866,798,300 836,903,500 814,720,000 $ 50,492 $ 22,181 Helena Twp 2,461,859 - 31,209 2,430,650 153,329 2,583,979 278,874,200 259,059,600 179,701,800 $ 17,051 $ 14,783 Jackson Twp 1,448,667 - 194,532 1,254,135 321,574 1,575,709 137,412,700 118,688,800 108,731,000 $ 33,912 $ 2,654 Louisville Twp 2,459,618 - 238,607 2,221,011 121,884 2,342,895 249,233,200 216,125,700 195,808,600 $ 5,649 $ 2,166 New Market Twp 5,119,635 - 168,257 4,951,378 309,346 5,260,724 527,191,100 499,631,700 442,393,300 $ 30,275 $ 17,680 Sand Creek Twp 2,444,461 - 167,629 2,276,832 157,360 2,434,192 273,447,800 248,893,500 176,882,500 $ 24,703 $ 19,906 St. Lawrence Twp 796,619 - 25,653 770,966 41,120 812,086 90,636,900 80,968,000 57,933,400 $ 8,804 $ 7,279 Spring Lake Twp 5,489,985 - 67,794 5,422,191 351,945 5,774,136 582,177,000 546,252,100 491,748,900 $ 40,871 $ 20,739 Belle Plaine City 5,221,985 36,625 367,223 4,818,137 1,537,993 6,356,130 565,104,300 466,338,500 450,089,000 $ 943,374 $ 190,674 Elko New Market City 3,588,363 - 92,679 3,495,684 574,614 4,070,298 369,177,000 345,892,400 342,710,700 $ 227,429 $ 71,007 Jordan City 4,509,964 59,419 362,057 4,088,488 1,020,356 5,108,844 453,311,200 399,491,900 395,769,500 $ 620,786 $ 124,186 New Prague City -Sc Co Only 3,436,815 248,971 - 3,187,844 - 3,187,844 406,865,900 301,108,600 299,242,000 $ - $ 120,229 New Prague City- Entire 6,021,664 248,971 - 5,772,693 - 5,772,693 unknown 532, 889, 200 529, 367, 600 Prior Lake City 28,390,113 472,418 1,148,752 26,768,943 2,676,337 29,445,280 3,217,032,800 2,640,986,500 2,600,331,100 $ 787,953 $ 277,147 Savage City 30,658,327 36,196 3,157,705 27,464,426 4,020,286 31,484,712 2,866,313,700 2,652,900,000 2,636,830,500 $ 1,903,016 $ 496,055 Shakopee City 44,446,655 161,430 6,604,638 37,680,587 4,836,916 42,517,503 4,173,261,600 3,570,069,500 3,511,809,400 $ 1,630,522 $ 595,685 0) ISD 191 -Sc Co Only 17,609,901 36,196 2,897,114 14,676,591 1,807,108 16,483,699 1,494,902,800 1,384,705,400 1,377,039,800 $ 861,774 $ 132,145 ISD 194 -Sc Co Only 11,717,789 - 291,800 11,425,989 842,927 12,268,916 1,142,238,100 1,110,348,400 1,061,026,100 $ 382,810 $ 70,566 ISD 271 -Sc Co Only 159,474 - 61,384 98,090 - 98,090 8,094,300 7,973,700 7,973,700 $ - $ - ISD 716 -Sc Co Only 7,329,406 36,625 397,109 6,895,672 1,623,279 8,518,951 828,787,400 706,948,200 562,020,200 $ 730,001 $ 151,946 ISD 716- Entire 9,345,574 36,625 401,071 8,907,878 1,576,226 10, 484,104 unknown 934,450, 800 683,146, 800 ISD 717 10,465,732 59,419 616,858 9,789,455 1,375,914 11,165,369 1,114,020,900 996,392,800 857,271,100 $ 514,867 $ 91,980 ISD 719 47,054,467 472,418 2,083,840 44,498,209 4,881,998 49,380,207 4,966,619,000 4,381,085,600 4,305,849,300 $ 2,487,534 $ 493,464 ISD 720 49,151,421 161,430 6,329,374 42,660,617 5,683,658 48,344,275 4,860,039,500 4,079,826,500 3,967,623,600 $ 2,298,696 $ 579,695 ISD 721 -Sc Co Only 12,815,360 248,971 126,562 12,439,827 709,198 13,149,025 1,430,434,000 1,254,114,600 1,089,557,800 $ 336,263 $ 168,248 ISD 721- Entire 20, 689, 963 314,175 126,562 20, 249, 226 709,198 20, 958, 424 unknown 2, 063, 878, 200 1, 689, 048, 600 ISD 2397 -Sc Co Only 94,151 - 512 93,639 3,924 97,563 14,329,500 11,509,600 3,796,700 $ 1,198 $ 1,881 CL Area Water& Sewer 1,012,464 - - 1,012,464 65,938 1,078,402 99,805,700 98,714,100 93,625,000 $ 1,311 $ 583 CL Improvement 1,217,115 - 141 1,216,974 80,440 1,297,414 121,223,100 118,694,200 111,226,000 $ 266 $ 81 Jordan EDA 4,509,964 59,419 362,057 4,088,488 1,020,356 5,108,844 453,311,200 399,491,900 395,769,500 $ 12,053 $ 2,362 Lower MN Watershed 41,412,731 197,626 8,221,545 32,993,560 3,590,472 36,584,032 3,475,284,500 3,060,995,500 3,027,458,400 $ 17,554 $ 3,321 Met Council 152,960,886 766,088 12,804,553 139,390,245 16,928,006 156,318,251 15,452,599,600 13,631,796,200 12,932,916,300 $ 134,519 $ 43,877 Met Transit 103,495,095 670,044 10,911,095 91,913,956 11,533,539 103,447,495 10,256,608,100 8,863,956,000 8,748,971,000 $ 159,325 $ 52,475 Mosquito Control 156,397,701 1,015,059 12,804,553 142,578,089 16,928,006 159,506,095 15,859,465,500 13,932,904,800 13,232,158,300 $ 76,766 $ 26,443 PL/SL Watershed 33,960,746 465,874 1,271,672 32,223,200 3,529,130 35,752,330 3,560,650,100 3,187,315,300 3,106,529,500 $ 70,743 $ 18,790 Region 9 3,436,815 248,971 - 3,187,844 - 3,187,844 406,865,900 301,108,600 299,242,000 $ - $ 372 Scott County CDA 156,397,701 1,015,059 12,804,553 142,578,089 16,928,006 159,506,095 15,859,465,500 13,932,904,800 13,232,158,300 $ 272,905 $ 93,296 Scott County WMO 75,052,939 351,559 3,117,249 71,584,131 9,197,602 80,781,733 8,231,637,400 7,112,023,800 6,550,079,500 $ 115,812 $ 38,921 Scott - Vermillion WMO 5,971,285 - 194,087 5,777,198 610,802 6,388,000 591,893,500 572,570,200 548,090,900 $ 3,161 $ 1,177 Shakopee EDA 44,446,655 161,430 6,604,638 37,680,587 4,836,916 42,517,503 4,173,261,600 3,570,069,500 3,511,809,400 $ - $ - 2010 FINAL VALUES & TIF INFO - USED FOR PAY 2010 GROSS FISC DISP TAXABLE FISC DISP ADJUSTED ESTIMATED TAXABLE REFERENDUM 2009 FISC DISP 4,• A 5- TAXING AUTHORITY TAX CAP TIF CONTRIB NTC NTC DISTRIB NTC TAXABLE NTC MARKET VALUE MARKET VALUE MARKET VALUE DIST IN DOLLARS CREDITS l Scott County 162,663,128 1,217,580 12,408,130 149,037,418 16,813,858 165,851,276 15,014,301,000 14,579,896,000 13,817,812,500 $ 5,494,912 $ 1,783,747 Belle Plaine Twp 1,498,276 - 20,896 1,477,380 83,430 1,560,810 209,132,500 181,877,800 82,398,900 $ 10,748 $ 12,076 BlakeleyTwp 859,144 - 10,377 848,767 37,277 886,044 118,594,800 103,438,400 38,901,600 $ 5,483 $ 7,327 Cedar Lake Twp 4,741,866 - 31,824 4,710,042 239,229 4,949,271 512,130,100 482,328,800 411,389,000 $ 20,842 $ 9,43,2 Credit River Twp 9,240,620 - 110,788 9,129,832 439,815 9,569,647 894,159,200 870,500,400 845,818,000 $ 47,834 $ 15,586 Helena Twp 2,719,717 - 30,424 2,689,293 159,622 2,848,915 319,823,500 289,003,600 204,817,000 $ 16,697 $ 11,658 Jackson Twp 1,384,224 - 187,369 1,196,855 347,236 1,544,091 129,863,500 116,242,100 105,521,200 $ 52,536 $ 2,944 Louisville Twp 2,537,018 - 214,160 2,322,858 126,032 2,448,890 257,239,500 223,975,800 202,500,500 $ 5,733 $ 2,120 New Market Twp 6,102,475 - 176,666 5,925,809 312,008 6,237,817 650,516,700 602,139,200 529,269,000 $ 25,073 $ 10,881 Sand Creek Twp 2,648,775 - 141,438 2,507,337 171,229 2,678,566 299,397,600 269,504,300 193,174,700 $ 26,380 $ 17,101 St. Lawrence Twp 867,112 - 34,215 832,897 45,059 877,956 93,168,200 89,426,200 64,101,800 $ 9,981 $ 5,810 Spring Lake Twp 6,072,661 - 64,105 6,008,556 332,762 6,341,318 635,205,400 603,117,700 541,120,800 $ 34,247 $ 13,591 Belle Plaine City 5,304,383 38,482 367,697 4,898,204 1,519,756 6,417,960 486,991,500 482,619,500 470,296,400 $ 821,018 $ 176,859 Elko New Market City 3,870,235 - 88,267 3,781,968 547,960 4,329,928 382,097,700 374,175,200 371,627,500 $ 202,564 $ 59,518 Jordan City 4,524,549 57,639 361,973 4,104,937 1,030,103 5,135,040 408,933,200 407,001,700 403,030,800 $ 543,235 $ 120,324 New Prague City -Sc Co Only 3,628,995 238,950 - 3,390,045 - 3,390,045 319,933,300 318,903,600 316,777,200 $ - $ 110,656 New Prague City- Entire 6,415,266 238,950 - 6,176,316 - 6,176,316 unknown unknown 568,474,500 $ - Prior Lake City 29,705,627 600,610 1,127,895 27,977,122 2,710,163 30,687,285 2,797,560,900 2,753,127,000 2,709,030,400 $ 757,409 $ 262,686 Savage City 31,342,817 129,985 2,929,479 28,283,353 3,856,058 32,139,411 2,737,501,600 2,718,042,500 2,704,663,700 $ 1,774,288 $ 484,543 Shakopee City 45,614,634 151,914 6,510,557 38,952,163 4,856,119 43,808,282 3,762,051,800 3,694,112,200 3,623,374,000 $ 1,584,552 $ 558,941 ISD 191 -Sc Co Only 17,839,926 129,985 2,703,419 15,006,522 1,725,500 16,732,022 1,420,637,500 1,412,732,100 1,404,193,900 $ 771,610 $ 127,098 J ISD 194 -Sc Co Only 12,933,228 - 299,240 12,633,988 817,785 13,451,773 1,275,318,700 1,228,914,500 1,167,745,100 $ 357,821 $ 53,100 ISD 271 -Sc Co Only 184,174 - 65,467 118,707 - 118,707 9,232,400 9,232,400 9,232,400 $ - ISD 716 -Sc Co Only 7,305,262 38,482 401,212 6,865,568 1,619,683 8,485,251 761,903,900 721,487,100 573,734,700 $ 683,376 $ 153,168 ISD 716- Entire 9,352,345 38,482 405,328 8,908,535 1,661,325 10,569,860 unknown unknown 700,166,000 $ 700,946 ISD 717 11,009,810 57,639 598,747 10,353,424 1,394,368 11,747,792 1,124,596,100 1,057,927,400 906,715,600 $ 393,045 $ 98,298 ISD 719 49,008,274 600,610 1,996,593 46,411,071 4,822,699 51,233,770 4,619,382,600 4,555,141,000 4,477,798,500 $ 2,376,329 $ 467,962 ISD 720 50,583,495 151,914 6,230,638 44,200,943 5,721,769 49,922,712 4,357,121,000 4,228,720,900 4,100,455,000 $ 2,179,470 $ 528,515 ISD 721 -Sc Co Only 13,701,770 238,950 111,231 13,351,589 707,671 14,059,260 1,432,722,500 1,353,551,300 1,173,985,300 $ 309,464 $ 162,396 ISD 721 -Entire 22,211,799 244,717 111,231 21,855,851 707,671 22,563,522 unknown unknown 1,837,931,700 $ 309,464 ISD 2397 -Sc Co Only 97,189 - 1,583 95,606 4,383 99,989 13,386,300 12,189,300 3,952,000 $ 1,491 $ 2,041 CL Area Water & Sewer 1,189,811 - - 1,189,811 29,260 1,219,071 115,146,900 114,996,900 108,395,100 $ 1,198 $ 185 CL Improvement 1,435,299 - 302 1,434,997 83,004 1,518,001 139,778,600 138,787,900 129,315,100 $ 261 $ 46 1 Jordan EDA 4,524,549 57,639 361,973 4,104,937 1,030,103 5,135,040 408,933,200 407,001,700 403,030,800 $ 10,723 $ 2,336 Lower MN Watershed 42,048,671 281,899 7,952,292 33,814,480 3,561,661 37,376,141 3,175,266,000 3,141,429,600 3,103,468,600 $ 31,627 $ 6,728 Met Council 159,034,133 978,630 12,408,130 145,647,373 16,813,858 162,461,231 14,694,367,700 14,260,992,400 13,501,035,300 $ 135,015 $ 40,888 Met Transit 106,663,078 882,509 10,567,931 95,212,638 11,422,340 106,634,978 9,297,114,300 9,165,641,700 9,037,068,100 $ 137,410 $ 49,372 Mosquito Control 162,663,128 1,217,580 12,408,130 149,037,418 16,813,858 165,851,276 15,014,301,000 14,579,896,000 13,817,812,500 $ 79,027 $ 24,192 PUSL Watershed 35,676,036 592,129 1,228,744 33,855,163 3,509,562 37,364,725 3,401,639,900 3,340,184,900 3,252,803,500 $ 62,611 $ 17,623 Region 9 3,628,995 238,950 - 3,390,045 - 3,390,045 319,933,300 318,903,600 316,777,200 $ - $ 391 Scott County CDA 162,663,128 1,217,580 12,408,130 149,037,418 16,813,858 165,851,276 15,014,301,000 14,579,896,000 13,817,812,500 $ 260,961 $ 85,998 Scott County WMO 78,005,976 343,552 3,005,552 74,656,872 9,145,867 83,802,739 7,747,907,200 7,430,590,200 6,826,766,000 $ 110,574 $ 36,484 Scott- Vermillion WMO 6,932,445 - 221,542 6,710,903 596,768 7,307,671 689,487,900 667,691,300 634,774,400 $ 3,270 $ 939 Shakopee EDA 45,614,634 151,914 6,510,557 38,952,163 4,856,119 43,808,282 3,762,051,800 3,694,112,200 3,623,374,000 $ 2,137 $ - 2009 FINAL VALUES & TIF INFO - USED FOR PAY 2009 GROSS FISC DISP TAXABLE FISC DISP ADJUSTED ESTIMATED TAXABLE REFERENDUM 2009 FISC DISP HOMESTEAD TAXING AUTHORITY TAX CAP TIF CONTRIB NTC NTC DISTRIB NTC TAXABLE NTC MARKET VALUE MARKET VALUE MARKET VALUE DIST IN DOLLARS & AG CREDIT Scott County 168,846,666 1,231,893 11,479,874 156,134,899 14,635,503 170,770,402 15,977,026,500 15,196,137,100 14,491,585,625 $ 4,777,370 $ 1,630,613 Belle Plaine Twp 1,466,454 - 20,183 1,446,271 47,047 1,493,318 214,969,400 173,374,100 89,866,500 $ 5,144 $ 11,673 BlakeleyTwp 802,736 - 9,512 793,224 21,268 814,492 118,930,500 94,946,000 42,411,300 $ 3,322 $ 7,431 Cedar Lake Twp 4,912,181 - 33,822 4,878,359 186,640 5,064,999 556,943,800 498,272,000 428,079,000 $ 17,791 $ 8,296 Credit River Twp 9,857,553 - 111,606 9,745,947 389,520 10,135,467 966,135,800 924,871,300 898,502,600 $ 40,038 $ 13,513 Helena Twp 2,814,931 - 32,484 2,782,447 113,170 2,895,617 352,081,800 296,371,900 218,709,300 $ 12,675 $ 10,324 Jackson Twp 1,380,657 - 179,077 1,201,580 237,038 1,438,618 135,140,700 117,018,500 107,231,800 $ 27,802 $ 3,885 Louisville Twp 2,594,012 - 226,979 2,367,033 109,432 2,476,465 277,646,400 230,233,100 212,264,900 $ 4,353 $ 1,912 New Market Twp 6,257,433 - 166,632 6,090,801 250,572 6,341,373 694,619,000 616,561,400 540,315,600 $ 15,516 $ 8,981 Sand Creek Twp 2,639,219 - 128,346 2,510,873 125,286 2,636,159 317,972,100 266,971,700 200,706,300 $ 18,178 $ 15,748 St. Lawrence Twp 872,378 - 28,681 843,697 32,353 876,050 94,850,700 88,534,800 66,678,600 $ 7,116 $ 5,312 Spring Lake Twp 6,334,005 - 63,790 6,270,215 272,870 6,543,085 683,941,600 627,450,100 566,905,500 $ 29,691 $ 11,080 - Belle Plaine City 5,694,807 51,782 351,272 5,291,753 1,268,197 6,559,950 530,704,900 520,116,400 507,960,750 $ 699,246 $ 157,400 Elko New Market City 4,069,819 - 90,122 3,979,697 556,053 4,535,750 403,907,600 393,074,700 390,906,200 $ 206,635 $ 52,306 Jordan City 5,013,850 42,032 315,194 4,656,624 976,637 5,633,261 457,290,700 453,120,800 448,409,225 $ 498,466 $ 97,281 New Prague City-Sc Co Only 3,905,541 239,134 - 3,666,407 - 3,666,407 349,127,000 347,552,300 345,498,500 $ - $ 97,775 New Prague City- Entire 6,713,377 239,134 - 6,474,243 - 6,474,243 unknown unknown 604,567,800 $ - Prior Lake City 30,582,741 603,913 916,771 29,062,057 2,565,653 31,627,710 2,962,647,500 2,842,698,200 2,803,422,450 $ 720,025 $ 229,105 Savage City 32,433,758 138,233 2,732,336 29,563,189 3,273,415 32,836,604 2,891,798,700 2,854,378,600 2,841,984,875 $ 1,582,893 $ 426,216 Shakopee City 47,214,591 156,799 6,073,067 40,984,725 4,210,352 45,195,077 3,968,318,300 3,850,591,200 3,781,732,225 $ 1,344,156 $ 511,921 ISD 191 -Sc Co Only 17,905,646 138,233 2,448,215 15,319,198 1,472,452 16,791,650 1,467,218,500 1,449,411,500 1,442,672,150 $ 688,329 $ 113,391 00 ISD 194 -Sc Co Only 13,608,636 - 290,831 13,317,805 743,205 14,061,010 1,367,733,700 1,287,454,600 1,224,707,200 $ 318,545 $ 47,860 ISD 271 -Sc Co Only 83,584 - 29,799 53,785 - 53,785 4,179,200 4,179,200 4,179,200 $ - ISD 716 -Sc Co Only 7,618,670 51,782 381,493 7,185,395 1,325,435 8,510,830 810,078,000 744,614,500 620,576,250 $ 523,492 $ 141,414 ISD 716- Entire 9,601,466 51,782 384,979 9,164,705 1,325,435 10,490,140 unknown unknown 753,069,950 ISD 717 11,614,699 42,032 544,895 11,027,772 1,254,126 12,281,898 1,225,864,100 1,111,747,500 972,347,525 $ 312,397 $ 88,780 ISD 719 51,003,287 603,913 1,777,782 48,621,592 4,347,396 52,968,988 4,909,089,500 4,756,154,600 4,680,654,075 $ 2,040,465 $ 397,324 150 720 52,539,091 156,799 5,892,568 46,489,724 4,891,485 51,381,209 4,624,342,100 4,413,568,900 4,296,991,025 $ 1,795,455 $ 462,728 ISD 721 -Sc Co Only 14,379,961 239,134 112,840 14,027,987 598,940 14,626,927 1,555,101,900 1,417,523,500 1,245,184,300 $ 254,927 $ 135,862 ISD 721- Entire 22,841,744 239,134 112,840 22,489,770 598,940 23,088,710 unknown unknown 1,932,836,100 $ 254,927 ISD 2397 -Sc Co Only 93,092 - 1,451 91,641 2,464 94,105 13,419,500 11,482,800 4,273,900 $ 892 $ 2,071 1 CL Improvement 1,531,849 - 333 1,531,516 57,967 1,589,483 153,179,400 147,619,700 137,921,900 $ 198 $ 34 CL Sewer & Water 1,257,143 - - 1,257,143 47,005 1,304,148 124,523,000 121,320,300 114,590,100 $ 868 $ 126 County CDA 168,846,666 1,231,893 11,479,874 156,134,899 14,635,503 170,770,402 15,977,026,500 15,196,137,100 14,491,585,625 $ 240,316 $ 77,450 County WMO 82,221,618 342,366 2,880,373 78,998,879 7,830,615 86,829,494 8,342,492,000 7,815,059,100 7,261,886,550 $ 95,849 $ 32,795 Jordan EDA 5,013,850 42,032 315,194 4,656,624 976,637 5,633,261 457,290,700 453,120,800 448,409,225 $ 10,733 $ 1,920 Lower MN Watershed 42,424,745 295,032 7,340,599 34,789,114 3,070,987 37,860,101 3,276,791,900 3,214,878,700 3,185,360,875 $ 12,835 $ 11,595 Met Council 164,941,125 992,759 11,479,874 152,468,492 14,635,503 167,103,995 15,627,899,500 14,848,584,800 14,146,087,125 $ 120,010 $ 38,582 Met Mosquito Control 168,846,666 1,231,893 11,479,874 156,134,899 14,635,503 170,770,402 15,977,026,500 15,196,137,100 14,491,585,625 $ 70,249 $ 23,454 Met Transit 110,231,090 898,945 9,722,174 99,609,971 10,049,420 109,659,391 9,822,764,500 9,547,668,000 9,427,139,550 $ 124,310 $ 39,879 PUSL Watershed 37,045,029 594,495 1,048,403 35,402,131 3,153,038 38,555,169 3,629,694,200 3,476,789,100 3,386,223,400 $ 61,517 $ 14,222 Region 9 3,905,541 239,134 - 3,666,407 - 3,666,407 349,127,000 347,552,300 345,498,500 $ - $ 366 Shakopee EDA 47,214,591 156,799 6,073,067 40,984,725 4,210,352 45,195,077 3,968,318,300 3,850,591,200 3,781,732,225 $ 1,895 $ 690 Vermillion WMO 7,155,274 - 210,499 6,944,775 580,863 7,525,638 728,048,400 689,410,200 658,114,800 $ 3,224 $ 958 NET TAX CAPACITIES, RATES & VALUES FOR PAYABLE 2011 COUNTY OF SCOTT, MINNESOTA TAXABLE TAX TAXABLE REF MARKET TAXABLE TAX TAXABLE REF MARKET TAX CAPACITY MARKET MARKET VALUE TAX CAPACITY MARKET MARKET VALUE CITIES CAPACITY RATE VALUE VALUE RATE SCHOOLS CAPACITY RATE VALUE VALUE RATE Belle Plaine 4,818,137 67.3196 466,338,500 450,089,000 Burnsville 0191 14,675,691 21.8550 1,384,705,400 1,377,039,800 0.27427 Jordan 4,088,488 60.6601 399,491,900 395,769,500 wCrossCounty 60,089,418 6,000,547,500 5,982,262,200 Elko New Market 3,495,684 43.9122 345,892,400 342,710,700 Lakeville 0194 11,425,989 32.1380 1,110,348,400 1,061,026,100 0.19241 New Prague 3,187,844 64.0798 301,108,600 299,242,000 0.01047 wCrossCounty 58,876,765 5, 792,961,200 5,667,977,225 /Cross County 5,772,693 532,889,200 529,367,600 Bloomington 0271 98,090 21.8960 7,973,700 7,973,700 0.17058 Prior Lake 26,768,943 30.7102 2,640,986,500 2,600,331,100 0.04251 wCrossCounty 97,438,628 10,188,840,800 10,170,822,775 Savage 27,464,426 48.2781 2,652,900,000 2,636,830,500 0.01543 Belle Plaine 0716 6,895,672 38.3099 706,948,200 562,020,200 0.08712 Shakopee 37,680,587 34.7312 3,570,069,500 3,511,809,400 0.00342 w /cross County 8,907,878 934,450,800 683,146,800 Jordan 0717 9,789,455 21.5093 996,392,800 857,271,100 0.13858 Prior Lake 0719 44,498,209 34.0419 4,381,085,600 4,305,849,300 0.18890 Shakopee 0720 42,660,617 31.1817 4,079,826,500 3,967,623,600 0.13863 TAXABLE TAX TAXABLE REF TOTAL New Prague 0721 12,439,827 30.1371 1,254,114,600 1,089,557,800 0.20049 TAX CAPACITY MARKET MARKET TC wCrossCounty 20,249,226 2,063,878,200 1,689,048,600 TOWNSHIPS CAPACITY RATE VALUE VALUE RATE LeSueur 2397 93,639 21.7730 11,509,600 3,796,700 0.09328 wCrossCounty 8,438,363 unknown 506,364,775 Belle Plaine 1,579,902 9.5767 186,131,800 90,250,200 SPECIAL TAXING DISTRICTS BP Fire /Amb 1,228,018 2.5248 12.1015 JN Fire 23,662 2.4174 11.9941 CL Area S &W 1,012,464 3.8953 98,714,100 93,625,000 NP Fire /Amb 328,222 2.6738 12.2505 Jdn -EDA 4,088,488 1.1535 399,491,900 395,769,500 CO Blakeley 885,033 102,496,300 42,464,900 13.0774 LW MN Water 32,993,560 0.2403 3,060,995,500 3,027,458,400 Cedar Lake 4,542,658 6.3511 460,966,400 394,741,500 Met Council 139,390,245 0.8281 13,631,796,200 12,932,916,300 NP Fire 3,165,711 3.3055 9.6567 Met Transit 91,913,956 1.4396 8,863,956,000 8,748,971,000 NM Fire 1,376,947 2.9876 9.3388 Mosq Control 142,578,089 0.4820 13,932,904,800 13,232,158,300 Credit River 8,739,224 836,903,500 814,720,000 16.5862 PL/SL Water 32,223,200 2.0691 3,187,315,300 3,106,529,500 Helena 2,430,650 8.5405 259,059,600 179,701,800 Region 9 Dev 3,187,844 0.1984 301,108,600 299,242,000 JDN Fire 596,615 4.6682 13.2087 Scott Co CDA 142,578,089 1.7006 13,932,904,800 13,232,158,300 NP Fire /Amb 1,834,035 3.6492 12.1897 Shak -EDA 37,680,587 0.0000 3,570,069,500 3,511,809,400 Jackson 1,254,135 118,688,800 108,731,000 10.2093 Louisville 2,221,011 216,125,700 195,808,600 4.7242 New Market 4,951,378 499,631,700 442,393,300 12.2132 Sand Creek 2,276,832 248,893,500 176,882,500 17.3617 St Lawrence 770,966 18.5393 80,968,000 57,933,400 COUNTY BP Fire /Amb 295,974 4.2517 22.7911 JDN Fire /Amb 474,992 5.0169 23.5563 Scott County 142,578,089 35.5407 13,932,904,800 13,232,158,300 Spring Lake 5,422,191 546,252,100 491,748,900 16.2504 WMO 71,584,131 1.3050 7,112,023,800 6,550,079,500 Vermillion WMO 5,777,198 0.5511 572,570,200 548,090,900 Lake Improvement 1,216,974 0.3890 118,694,200 111,226,000 * ** NOTES * ** TAX CAPACITY VALUES ARE THE TAXABLE VALUES TAKEN FROM THE COUNTY TABLE X REPORT FOR TOTAL RATE ADD: COUNTY, CITY OR TWP, SCHOOL, FIRE & SPECIAL TAXING DISTRICTS THAT APPLY AREA WIDE FISCAL DISPARITY RATE: 129.3270 STATE TAX RATE: C/I 49.0430 SRR 19.1450 NET TAX CAPACITIES, RATES & VALUES FOR PAYABLE 2010 COUNTY OF SCOTT, MINNESOTA TAXABLE TAX TAXABLE REF MARKET TAXABLE TAX TAXABLE REF MARKET TAX CAPACITY MARKET MARKET VALUE TAX CAPACITY MARKET MARKET VALUE CITIES CAPACITY RATE VALUE VALUE RATE SCHOOLS CAPACITY RATE VALUE VALUE RATE Belle Plaine 4,898,204 61.3380 482,619,500 470,296,400 Burnsville 0191 15,006,522 20.6660 1,412,732,100 1,404,193,900 0.26417 Jordan 4,104,937 60.8401 407,001,700 403,030,800 w /CrossCouny unknown unknown unknown Elko New Market 3,781,968 39.5796 374,175,200 371,627,500 Lakeville 0194 12,633,988 27.7140 1,228,914,500 1,167,745,100 0.18363 1 New Prague 3,390,045 58.6919 318,903,600 316,777,200 0.01017 w/CrossCounty unknown unknown unknown w /Cross County 6,176,316 unknown 568,474,500 Bloomington 0271 118,707 19.3060 9,232,400 9,232,400 0.16790 Prior Lake 27,977,122 29.4415 2,753,127,000 2,709,030,400 0.04005 wrcrosscouny unknown unknown unknown Savage 28,283,353 47.3354 2,718,402,500 2,704,663,700 0.01523 Belle Plaine 0716 6,865,568 38.1248 721,487,100 573,734,700 0.08709 Shakopee 38,952,163 33.7099 3,694,112,200 3,623,374,000 0.00555 w/crossCouny 8,908,535 unknown 700,166,000 Jordan 0717 10,353,424 24.3700 1,057,927,400 906,715,600 0.14935 Prior Lake 0719 46,411,071 32.7008 4,555,141,000 4,477,798,500 0.18921 Shakopee 0720 44,200,943 29.3512 4,228,720,900 4,100,455,000 0.11957 TAXABLE TAX TAXABLE REF TOTAL New Prague 0721 13,351,589 31.3054 1,353,551,300 1,173,985,300 0.19154 TAX CAPACITY MARKET MARKET TC w /CrossCouny 21,855,851 unknown 1,837,931,700 TOWNSHIPS CAPACITY RATE VALUE VALUE RATE LeSueur(393) 2397 58,984 27.0990 8,018,500 2,100,600 0.09023 Henderson(734) 2397 36,622 20.8390 4,170,800 1,851,400 0.09023 Belle Plaine 1,477,380 10.1612 181,877,800 82,398,900 w /CrossCouny unknown unknown unknown BP Fire /Amb 1,150,944 2.6728 12.8340 SPECIAL TAXING DISTRICTS JN Fire 23,369 2.8371 12.9983 _► NP Fire /Amb 303,067 2.8733 13.0345 CL Area S &W 1,189,811 1.9879 114,996,900 108,395,100 O Blakeley 848,767 103,438,400 38,901,600 13.4922 Jdn - EDA 4,104,937 1.1813 407,001,700 403,030,800 Cedar Lake 4,710,042 6.2983 482,328,800 411,389,000 LW MN Water 33,814,480 0.4889 3,141,429,600 3,103,468,600 NP Fire 3,267,022 2.9245 9.2228 Met Council 145,647,373 0.7946 14,260,992,400 13,501,035,300 NM Fire 1,443,020 2.8593 9.1575 Met Transit 95,212,638 1.3814 9,165,641,700 9,037,068,100 Credit River 9,129,832 870,500,400 845,818,000 10.9768 Mosq Control 149,037,418 0.4535 14,579,896,000 13,817,812,500 Helena 2,689,293 7.7234 289,003,600 204,817,000 PL/SL Water 33,855,163 2.0045 3,340,184,900 3,252,803,500 JDN Fire 667,574 4.1744 11.8978 Region 9 Dev 3,390,045 0.2071 318,903,600 316,777,200 NP Fire /Amb 2,021,719 3.1474 10.8708 Scott Co CDA 149,037,418 1.6122 14,579,896,000 13,817,812,500 Jackson 1,196,855 116,242,100 105,521,200 10.5455 Shak - EDA 38,952,163 0.0000 3,694,112,200 3,623,374,000 Louisville 2,322,858 223,975,800 202,500,500 4.6351 New Market 5,925,809 602,139,200 529,269,000 9.7865 Sand Creek 2,507,337 269,504,300 193,174,700 15.6987 St Lawrence 832,897 17.0481 89,426,200 64,101,800 BP Fire /Amb 303,634 4.1175 21.1655 COUNTY JDN Fire /Amb 529,263 4.4730 21.5211 Spring Lake 6,008,556 603,117,700 541,120,800 11.6127 Scott County 149,037,418 33.2369 14,579,896,000 13,817,812,500 WMO 74,656,872 1.2592 7,430,590,200 6,826,766,000 Vermillion WMO 6,710,903 0.5176 667,691,300 634,774,400 Lake Improvement 1,434,997 0.3302 138,787,900 129,315,100 * ** NOTES * ** TAX CAPACITY VALUES ARE THE TAXABLE VALUES TAKEN FROM THE COUNTY TABLE X REPORT FOR TOTAL RATE ADD: COUNTY, CITY OR TWP, SCHOOL, FIRE & SPECIAL TAXING DISTRICTS THAT APPLY AREA WIDE FISCAL DISPARITY RATE: 121.7320 STATE TAX RATE: CII 45.8810 SRR 17.7550 NET TAX CAPACITIES, RATES & VALUES FOR PAYABLE 2009 i COUNTY OF SCOTT, MINNESOTA TAXABLE TAX TAXABLE REF MARKET TAXABLE TAX TAXABLE REF MARKET TAX CAPACITY MARKET MARKET VALUE TAX CAPACITY MARKET MARKET VALUE CITIES CAPACITY RATE VALUE VALUE RATE SCHOOLS CAPACITY RATE VALUE VALUE RATE Belle Plaine 5,291,753 54.0230 520,116,400 507,960,750 Burnsville 0191 15,319,198 19.8420 1,449,411500 1,442,672,150 0.24464 Jordan 4,656,624 52.7360 453,120,800 448,409,225 w /crossCouny unknown unknown unknown Elko New Market 3,979,697 36.9670 393,074,700 390,906,200 Lakeville 0194 13,317,805 27.0620 1,287,454,600 1,224,707,200 0.17413 New Prague 3,666,407 52.6770 347,552,300 345,498,500 0.00904 w /CrossCouny unknown unknown unknown w /CrossCouny 6,474,243 unknown 604,567,800 Bloomington 0271 53,785 17.4240 4,179,200 4,179,200 0.15290 Prior Lake 29,062,057 27.9470 2,842,698,200 2,803,422,450 0.03708 w /CrossCouny unknown unknown unknown Savage 29,563,189 46.0130 2,854,378,600 2,841,984,875 0.01417 Belie Plaine 0716 7,185,395 35.3760 744,614,500 620,576,250 0.82940 Shakopee 40,984,725 32.6300 3,850,591,200 3,781,732,225 0.00651 w /CrossCouny 9,164,705 unknown 753,069,950 Jordan 0717 11,027,772 24.0430 1,111,747,500 972,347,525 0.04729 Prior Lake 0719 48,621,592 30.8010 4,756,154,600 4,680,654,075 0.19191 Shakopee 0720 46,489,724 27.2740 4,413,568,900 4,296,991,025 0.11702 TAXABLE TAX TAXABLE REF TOTAL New Prague 0721 14,027,987 28.4490 1,417,523,500 1,245,184,300 0.17780 TAX CAPACITY MARKET MARKET TC w/CrossCounty 22,489,770 unknown 1,932,836,100 TOWNSHIPS CAPACITY RATE VALUE VALUE RATE LeSueur(393) 2397 55,159 30.6350 7,361,000 2,298,400 0.08645 Henderson(734) 2397 36,482 24.2310 4,121,800 1,975,500 0.08645 Belle Plaine 1,446,271 9.8910 173,374,100 89,866,500 w/CrossCouny unknown unknown unknown BP Fire /Amb 1,132,699 2.9210 12.8120 SPECIAL TAXING DISTRICTS JN Fire 20,404 3.3380 13.2290 j NP Fire /Amb 293,168 3.2190 13.1100 Jdn -EDA 4,656,624 1.0410 453,120,800 448,409,225 j Blakeley 793,224 94,946,000 42,411,300 14.7090 Shak -EDA 40,984,725 0.0440 3,850,591,200 3,781,732,225 Cedar Lake 4,878,359 5.9030 498,272,000 428,079,000 Scott Co CDA 156,134,899 1.5520 15,196,137,100 14,491,585,625 NP Fire 3,409,552 2.8570 8.7600 Met Council 152,468,492 0.8030 14,848,584,800 14,146,087,125 NM Fire 1,468,807 2.6990 8.6020 Mosq Control 156,134,899 0.4700 15,196,137,100 14,491,585,625 Credit River 9,745,947 924,871,300 898,502,600 10.8760 Met Transit 99,609,971 1.2030 9,427,139,550 9,427,139,550 Helena 2,782,447 7.0610 296,371,900 218,709,300 JDN Fire 674,109 5.2580 12.3190 LW MN Water 34,789,114 0.8880 3,214,878,700 3,185,360,875 NP Fire /Amb 2,108,338 2.8180 9.8790 PL /SL Water 35,402,131 1.7840 3,476,789,100 3,386,223,400 Jackson 1,201,580 117,018,500 107,231,800 15.1300 Region 9 Dev 3,666,407 0.1970 347,552,300 345,498,500 Louisville 2,367,033 230,233,100 212,264,900 4.5480 CL AreaS &W 1,257,143 1.7840 121,320,300 114,590,100 New Market 6,090,801 616,561,400 540,315,600 8.0360 Sand Creek 2,510,873 266,971,700 200,706,300 15.4060 St Lawrence 843,697 17.4050 88,534,800 66,678,600 BP Fire /Amb 299,805 4.2420 21.6470 COUNTY JDN FirelAmb 543,892 4.9590 22.3640 Spring Lake 6,270,215 627,450,100 566,905,500 10.2920 Scott County 156,134,899 32.6840 15,196,137,100 14,491,585,625 WMO 78,998,879 1.2090 7,815,059,100 7,261,886,550 Vermillion WMO 6,944,775 0.5480 689,410,200 658,114,800 Lake Improvement 1,531,516 0.3140 147,619,700 137,921,900 * ** NOTES * ** TAX CAPACITY VALUES ARE THE TAXABLE VALUES TAKEN FROM THE COUNTY TABLE X REPORT FOR TOTAL RATE ADD: COUNTY, CITY OR TWP, SCHOOL, FIRE & SPECIAL TAXING DISTRICTS THAT APPLY AREA WIDE FISCAL DISPARITY RATE: 115.9210 STATE TAX RATE: C/I 45.5350 SRR 18.2140 • RESOLUTION NO. 6846 A RESOLUTION SETTING 2008 TAX LEVY, COLLECTIBLE IN 2009 BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SHAKOPEE, COUNTY OF SCOTT, MINNESOTA, that the following sums of money be levied as the tax levy in accordance with existing law for the current year, collectible in 2009, upon the taxable property in the City of Shakopee, for the following purposes: General Levy $14,657,438 Plus Economic Development Authority 60,000 Debt Service - Fire Referendum 246,239 (Market Value) BE IT FURTHER RESOLVED, that the City Clerk is hereby instructed to transmit a certified copy to this resolution to the County Auditor of. Scott County, Minnesota. Adopted in session of the City Council of the City of Shakopee, Minnesota held this Sixteenth day of December, 2008. Mayor of the City of Shakopee ATTEST: City Clerk 12 • • • • • RESOLUTION NO. 6962 • A-'-RESOLUTION SETTING 2009 TAX LEVY, COLLECTIBLE IN 2010 . • BE - IT - RESOLVED BY THE CITY COUNCIL OF THE CITY OF SHAKOPEE, . COUNTY OF SCOTT, MINNESOTA, that the following sums of money be levied..,as .the tax levy in accordance with existing law for the • current ear, collectible in 2010, upon the taxable property in Y p p p Y the.. City of Shakopee, for the following purposes: , General Levy $14,717,438 :Plus Economic Development Authority -0- • ~`Debt-Service - Fire Referendum 201,227 (Market Value) . BE IT FURTHER RESOLVED, that the City Clerk is hereby instructed to ; transmit a certified copy to this resolution to the County Auditor:of Scott County, Minnesota. Adopted in session of the \City Council of the City of Shakopee, Minnesota held this Fifteenth day of December, 2009. . Mayor of the City of Shakopee ATTEST: City Clerk • 13 RESOLUTION NO. 7065 I r A RESOLUTION SETTING 2010 TAX LEVY, COLLECTIBLE IN 2011 BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SHAKOPEE, COUNTY OF SCOTT, MINNESOTA, that the following sums of money be levied as the tax levy in accordance with existing law for the current year, collectible in 2011, upon the taxable property in the City of Shakopee, for the following purposes: General Levy $14,637,438 Plus Economic Development Authority 80,000 Debt Service - Fire Referendum 120,000 (Market Value) BE IT FURTHER RESOLVED, that the City Clerk is hereby instructed to transmit a certified copy to this resolution to the County Auditor of Scott County, Minnesota, Adopted in session of the City Council of the City of Shakopee, Minnesota held this day Y Y P Y of December, 2010. Mayor of the City of Shakopee ATTEST: City Clerk 14 CITY OF SHAKOPEE Memorandum TO: Mayor and Council Mark McNeill, City Administrator FROM: Gregg Voxland, Finance Director RE: 2010 EDA Tax Levy Consent Resolution No. 7032 DATE: August 31, 2010 Introduction Attached is Resolution Number 7032, which consents to the EDA tax levy for 2010/2011. Background State law MSA 469.107 provides that the City Council may levy a tax at the request of the EDA for economic development purposes. Further, MSA 469.033 provides that the City Council may consent to a levy by the EDA for redevelopment purposes. Accordingly, the attached resolution is provided for Council action. Action Offer Resolution Number 7032, A Resolution Levying A Tax At The Request Of, And Consenting To The Levy Of A Tax By, The Economic Development Authority For The City Of Shakopee, and move its adoption. Gregg Voxland Finance Director h: \budgetll \budres 11 15 CITY OF SHAKOPEE 2012/13 EDA FUND BUDGET DIVISION: COMMUNITY DEVELOPMENT MISSION STATEMENT: • Enhance the ualit of life in Shakopee by expanding and strengthening the I q y local economy; Y p g g g Y, • Broaden the City's tax base; Y , • Increase the City's revenue base by facilitating the preservation, expansion, creation and attraction of quality businesses and related jobs. ACTIVITIES: The major activities include; ■ Work with the Economic Development Advisory Committee (EDAC), City Council /EDA to develop new strategies and programs to accomplish the EDA's mission. • Respond to inquiries related to possible creation, location or expansion of businesses. • Administer the Improvement Loan Program (ILP) The City Administrator is also the EDA Executive Director. The activities of the EDA are largely carried out by the Community Development Director with the assistance of other members of the Planning staff, and as needed, with the City's economic development consultant.. MEASUREMENT OF GOALS: It is expected that the EDAC may develop specific goal recommendations and related means of measuring success in attaining the goals ultimately adopted by the EDA. OBJECT DESCRIPTION: Description of lines items: Wages & Benefits: Share of city staff Professional Services: Contract consultant services $21,000(2012) $21,000(2013) Rentals: Building Rent SXXXX(2012) $XXXX(2013) 16 SHAKOPEE EDA Memorandum TO: EDA Chairman and Commissioners Mark McNeill, EDA Director FROM: Gregg Voxland, Finance Director RE: 2010/11 Tax Levy and Budget Adoption Resolution DATE: August 12, 2010 Introduction Attached is Resolution Number 2010 -3 which requests the Shakopee City Council to consent to the tax levy for the EDA, levy a tax for the EDA and adopts the 2011 budget. Background There are two statutes under which a tax for the purposes of the EDA may be levied. The major differences as far as the levy is concerned are: HRA EDA 469.033 469.107 Levied by EDA City City consent yes yes Under City levy limit no yes MSA 469.107 has broader purposes allowed than 469.003 but the distinction is not clearly defined. Basically, the HRA levy is for redevelopment and is limited to .0185% of taxable market value. The EDA levy is for redevelopment and new development and is included under the city's levy limit and is limited to .01813% of taxable market value. Resolution No. 2010 -3 has been prepared with a levy of $ -0- under the HRA levy MSA 469.033 and $80,000 under the EDA levy MSA 469.107. Last year the levies were $0 under the HRA levy MSA 469.033 and $0 under the EDA levy MSA 469.107. The proposed budget is attached with appropriations in the amount of $99,700. Other costs are an $11,200 transfer to the General Fund of the City for utility costs, administrative overhead such as accounting and bill processing /payroll, publishing, and other employee's time on related issues. The EDA needs to adopt a proposed maximum levy and budget amount by September 15 for certification to the County Auditor. That levy will be used for the tax notice mailed to property owners. 17 Action 2010-3, A Resolution Setting The Tax Levy For 2010 11 B Offer Resolution Number g y / By The Economic Development Authority For The City of Shakopee And Adopting The 2011 Budget, and move its adoption. Gregg Voxland Finance Director h: \budgetll \budres 11 18 RESOLUTION NO. 7032 A RESOLUTION LEVYING A TAX AT THE REQUESTOF, AND CONSENTING TO THE LEVY OF A TAX BY, THE ECONOMIC DEVELOPMENT AUTHORITY FOR THE CITY OF SHAKOPEE WHEREAS, the Economic Development Authority for the City of Shakopee was created pursuant to Minnesota Statutes, Section 469.091 et. seq., as amended, and WHEREAS, Section 469.107 states the governing body of the municipality may levy a tax at the request of the Authority, and WHEREAS, Section 469.033 states that for redevelopment purposes, the Economic Development Authority may levy a tax with the consent of the governing municipality, NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SHAKOPEE, MINNESOTA, that the City Council levies a special tax of $80,000 pursuant to MSA 469.107 to be collected in 2011 for the Economic Development Authority by the City of Shakopee. BE IT FURTHER RESOLVED that the City Council of the City of Shakopee consents to a special tax levy of $ -0- pursuant to MSA 469.033 to be collected in 2011 by the Economic Development Authority. Adopted in session of the City Council of the City of Shakopee, Minnesota held this p y day of September, 2010. Mayor of the City of Shakopee ATTEST: City Clerk 19 CHAPTER 15 • Redevelopment plans. • Low rent public housing project and management plans. Minn. Stat § 469.013. In addition, annual financial reports must go to the state auditor. 9. HRA federal certification In order for a local HRA to use federal Department of Housing and Urban Development (HUD) assistance programs, it must submit a transcript of organizational documents to the HUD area office. C. Economic development authorities Minn. Stat. §§ 469.090 to All cities and townships have authority from the state Legislature to create 469.1082. economic development authorities. The city may consolidate the economic 2010 Minn, Laws ch. 387, art. 1, development authority (EDA) with an existing HRA the may grant § 25 amending Minn. Stat. § p y ( g or e city y 469.1082, subd. 5. the authority HRA powers. The city council may create an EDA by passing The Economic Development an enabling resolution. Before adopting the enabling resolution, the city Authorities Handbook. For a copy must first conduct a public hearing. The enabling resolution establishes a of this book, and for sample board of commissioners for the EDA. The city council can choose to serve resolutions and by laws for an EDA, contact the League's as the EDA board of commissioners or create a board composed of Research Department at (651) community members. The mayor, with approval of the council, appoints the 281 -1220 or (800) 925 -1122. commissioners. The board may consist of three, five or seven members who serve six -year terms. The board is subject to the open meeting law. 1 EDA levies Minn. Stat. 275.70. § typical levy different than levy discussed above. typ 1 EDA 1 vy 1s dlff ent th the HRA vy ed abov . It is not a levy raised by the EDA —it is a levy set by a city at the request of the EDA. Basically, the city simply appropriates part of the money the city collects in the general city levy to the EDA. Because the EDA levy is part of Minn. Stat. § 275.066. the city levy, it is not a "special levy" under state law and thus the EDA levy is subject to the city's overall levy limit. However, as noted above, many EDA - enabling resolutions adopt all the powers of an HRA. If so, the EDA may levy a separate tax or "HRA levy," and then the EDA functions as a special taxing district as if it were an HRA and that levy is not subject to levy limits or to city debt limits. An EDA using the levy powers of an HRA is still limited to a levy no more than 0.0185 percent of the total taxable market value in the city. 2. EDA loans Minn. Stat. 46 .192. § 9 An EDA is authorized to make a loan to a business, a for- rof nonprofit or non fit p p Minn. Stat. §§ 469.090 to organization, or an individual. Before taking an action or making a decision 469.1082. which could substantially affect an EDA commissioner's or an employee's Minn. Stat. § 469.098. financial interests or those of an organization with which the commissioner or an employee is associated, a commissioner or employee of an authority must comply with specific requirements to disclose the conflict and obtain prior approval. Failure to do so may result in criminal charges. HANDBOOK FOR MINNESOTA CITIES 15:9 This chapter last revised 12/2010 20 CHAPTER 15 Loans must be for a purpose the EDA is authorized to carry out under the law. An authorized purpose must deal with or contribute to economic or industrial development. EDAs have the ability to use pooled bond reserving. In most development programs, each bond issue is independent of any other bond issue with a separate service or sinking fund account. EDAs, however, may create a single common bond reserve fund. Under this arrangement, each project's revenues go into a common fund, which in turn pays the bondholders on all projects. Through this pooling mechanism, the security of each project's bond increases and borrowing costs decrease as long as the pool has the necessary volume and diversity of cas h flow. 3. Other EDA powers Minn. Stat. § 469.101, subds 1, EDAs can acquire property and facilities but cannot issue debt without an 2. election. The city must authorize the issuance of debt in the resolution 2010 Minn. Laws ch. 389, art. 7, creating the EDA. Also, EDAs can create economic development districts § 5 amending Minn. Stat. § 469.101, subd. L but the districts must be contiguous. Current law eliminates the requirements Bill Summary H.F. 3729" House that economic development districts established by EDAs meet the "blight Research Department (May 16, test" under tax increment financing law for redevelopment districts. EDAs 2010). may exercise powers under the housing and redevelopment authority (HRA) Minn. Stat. § 469.102. law (if a particular EDA enabling resolution includes HRA power) to create a redevelopment project, housing development, or housing project under which a restrictive blight test does not apply. These projects can be used for similar purposes to those of an economic development district under the EDA law. D. Port authorities Minn. Stat. §§ 469.048- 469.068. The state Legislature authorizes city creation of port authorities. A port Minn. star. § 469.053. authority is a separate political entity with the right to sue and be sued in its own name and is generally organized to increase commerce in a city. Unlike EDAs and HRAs, a port authority may issue general obligation bonds without holding an election. Minn. Stat. § 469.050. Minn. Cities establish a port authority by passing an enabling resolution. It may Stat. § 469.051. have from three to seven commissioners two of whom must be on the city council) appointed by the mayor and approved by the city council, unless a different number or procedure is set out in the enabling law. State law governs commissioner pay, vacancies, duties, and port authority by -laws. Minn. Stat. § 469.051, subd. 2. A port authority shall annually elect a president or chair, vice- president or vice - chair, treasurer, secretary, and assistant treasurer. A commissioner may not serve as president or chair and vice - president or vice -chair at the same time. The other offices may be held by one commissioner. The offices of secretary and assistant treasurer need not be held by a commissioner. 15:10 LEAGUE OF MINNESOTA CITIES This chapter last revised 12/2010 21 � !i - k �( | RESOLUTION NO. 7036 � A RESOLUTION CANCELING DEBT SERVICE LEVY FOR 2010/ 1 _ BE IT RESOLVED BY THE C!TY COUNCIL OF THE CITY OF SHAKOPEE, COUNTY OF SCOTT, MINNESOTA, that the foUowingdebt serv�e levies are canceled: ' 2OO2AG0 Improvement Bonds $ 94,094 2004C GO lrnprovement Bonds 139,994 . 2004D Capital Improvement Bonds ~ 4B�812 2006A GO Improvement Bonds 343,672 20D74G0 Improvement Bonds 7,784 2007B GO. Improvement Bonds 95,20 2008A GO !mprovement Bonds 148414 � ' —/ � 2004B 13O,261/pahia|\ ��1 (partial) '7 ~—~ � l ~7��/ c � \ c^~, ` BE IT FURTHER RESOLVED that the following irrevocable transfer made from the Building Internal | Service Fund to the respective debt service fund in 2010 with the difference of debt service needs being ' paid from the fund balance in the debt service fund: | | i 2004D Capital Improvement Bonds $426,000 s , Adopted in session of the City Council of the City ofShakopee, Minnesota held this -��� day ofSepte �e�2810 . | r • / �� r . �+� � �.yor » ".e City of Shakopee h , | / I U ATTEST: ! ' , � " L^ 1 � • Clerk U � � I | ' � . 2 2 1-28 CITY OF SHAKOPEE, MINNESOTA 2010 -11 BUDGET DEBT SERVICE FUNDS 2000A 2003A 2004A 2004B 2004C 2004D 2006A 2007A 2007B 2008A 2010A Improve Improve Improve Bldg Ref Improve Bldg Improve Improve Improve Improve Improve Dec -09 Cash 348,311 405,300 747,224 370,911 914,730 458,040 1,545,028 207,470 575,152 476,381 Jan -10 Payment (251,449) (141,495) (468,610) (204,757) (278,260) (341,665) (381,300) (133,000) (166,500) (405,556) Jun -10 Assessment 50,000 10,267 115,984 59,092 37,558 73,788 9,359 58,682 Jul -10 Payment (6,069) (9,805) (42,310) (27,632) (24,200) (98,565) (50,800) (21,800) (24,700) (35,168) tax 46,214 201,227 142,088 CNX CNX 11,603 23,096 152,179 interest 6,000 8,000 12,000 5,000 8,000 18,000 2,000 10,000 10,000 Dec -10 Assessment 50,000 10,267 115,984 59,092 426,000 37,558 73,788 9,359 58,682 12/31/2010 Cash 243,007 282,533 480,271 344,749 880,541 443,810 1,206,044 213,849 435,766 315,200 - 30-Jan Payment (230,569) (674,805) (227,310) (212,132) (273,196) (348,065) (379,800) (130,800) (168,700) (224,168) 6/30/2011 Assessment close = 19694/2 112,496 56,728 36,040 70,763 9,004 25,000 tax 110,000 CNX CNX CNX CNX CNX CNX 145,788 Transfer 392,000 185,828 7/31/2011 Payment (39,450) (24,672) (19,978) (94,815) (44,200) (19,600) (21,800) (31,844) interest 8,000 5,000 5,000 12,000 1,000 7,000 7,000 12/1/2011 Assessment = 19694/2 112,496 56,728 440,000 36,040 70,763 9,004 25,000 12/31/2011 Cash (272) 446,503 222,945 705,823 440,930 866,124 205,975 270,274 302,016 145,788 1/30/2012 Payment close (324,350) . (214,172) (269,978) (349,315) (383,200) (123,600) (165,800) (220,844) 6/30/2012 Assessment 109,008 54,364 34,522 67,738 8,649 45,000 tax 236,000 CNX CNX CNX 35,000 87,853 151,900 143,957 7/31/2012 Payment (34,362) (21,347) (14,603) (90,735) (37,400) (17,500) (18,900) (28,519) interest N 12/1/2012 Assessment 109,008 54,364 440,000 34,522 67,738 8,649 45,000 W 12/31/2012 Cash 305,807 223,426 529,970 440,880 514,567 235,351 190,724 294,553 289,745 1/30/2013 Payment (314,362) (215,847) (270,603) (355,235) (386,400) (221,500) (157,900) (222,519) 6/30/2013 Assessment 105,521 52,001 33,004 64,713 8,293 52,405 tax 230,000 CNX CNX 250,000 58,878 136,213 135,000 144,713 7/31/2013 Payment (29,287) (17,812) (9,981) (86,429) (30,400) (13,400) (16,100) (25,106) interest 12/1/2013 Assessment 105,521 52,001 440,000 33,004 64,713 8,293 52,405 12/31/2013 Cash 173,199 219,767 353,387 439,216 413,774 188,755 169,523 286,738 434,458 1/30/2014 Payment (304,287) (217,313) (265,981) (360,929) (389,400) (172,400) (160,100) (219,106) 6/30/2014 Assessment 102,033 49,637 31,486 61,688 7,938 50,313 tax 235,000 85,000 CNX 343,959 48,125 139,362 140,000 150,138 7/31/2014 Payment (23,787) (13,812) (5,200) (80,249) (23,200) (10,200) (13,200) (21,450) interest 12/1/2014 Assessment 102,033 49,637 440,000 31,486 61,688 7,938 50,313 12/31/2014 Cash 49,191 223,642 266,479 438,038 408,104 177,655 151,461 286,808 584,596 1/30/2015 Payment (218,787) (228,312) (266,200) (365,429) (392,200) (164,200) (162,200) (220,450) 6/30/2015 Assessment 93,282 29,967 58,662 7,583 48,221 tax 234,000 CNX 343,215 40,145 152,052 135,000 112,905 7/31/2015 Payment (19,887) (9,512) (74,729) (15,800) (7,100) (10,200) (17,700) interest 12/1/2015 Assessment 93,282 440,000 29,967 58,662 7,583 48,221 12/31/2015 Cash (2,919) 219,818 279 437,880 403,253 163,824 146,279 280,099 697,501 1/30/2016 Payment (114,887) (229,012) Close (369,729) (394,800) (161,100) (159,200) (216,700) 6/30/2016 Assessment 90,071 13,069 55,637 7,228 46,129 tax 230,000 CNX 345,140 46,915 154,991 140,000 111,629 7/31/2016 Payment (17,986) (5,112) (68,829) (8,200) (4,000) (7,200) (13,700) interest 12/1/2016 Assessment 90,071 440,000 13,069 55,637 7,228 46,129 12/31/2016 Cash 44,349 215,694 439,322 371,530 156,913 149,325 281,956 809,130 I • CITY OF SHAKOPEE, MINNESOTA 2010 -11 BUDGET DEBT SERVICE FUNDS 2000A 2003A 2004A 2004B 2004C 2004D 2006A 2007A 2007B 2008A 2010A Improve Improve Improve Bldg Ref Improve Bldg Improve Improve Improve Improve Improve 1/30/2017 Payment (112,987) (229,613) (373,829) (368,200) (154,000) (161,200) (222,700) 6/30/2017 Assessment 86,859 6,872 44,036 tax CNX 150,000 130,000 109,927 7/31/2017 Payment (16,040) (62,729) (7,200) (9,500) interest 12/1/2017 Assessment 86,859 440,000 6,872 44,036 12/31/2017 Cash 89,040 (13,919) 442,764 3,330 2,913 144,669 267,828 919,057 1/30/2018 Payment (111,040) Close (382,729) Close Close (159,100) (218,500) 6/30/2018 Assessment 83,648 41,945 tax CNX 139,000 107,872 7/31/2018 Payment (14,020) (56,329) (4,300) interest 12/1/2018 Assessment 83,648 41,945 12/31/2018 Cash 131,276 3,706 (14,431) 267,917 1,026,929 1/30/2019 Payment Close (220,300) 6/30/2019 Assessment tax - 116,032 7/31/2019 Payment interest 12/1/2019 Assessment - 12/31/2019 Cash 3,706 47,617 1,142,961 ►V Close .p 70,413 levy 2010 = +167 CNX CNX CNX CNX CNX CNX 145,788 levy2011 = +175 CNX CNX CNX 35,000 87,853 151,900 143,957 levy 2012 = +182 CNX CNX 250,000 58,878 136,213 135,000 144,713 levy 2013 = +189 85,000 CNX 343,959 48,125 139,362 140,000 150,138 levy 2014 = +196 CNX 343,215 40,145 152,052 135,000 112,905 levy 2015 = +1103 CNX 345,140 46,915 154,991 140,000 111,629 229,063 280,437 168,229.59 1 § 2.82 E. Unless otherwise provided under the resolution adopting said assessments, all such deferred assessments shall bear interest at the rate of 8% per annum. (Ord. 561, November 25, 1999) F. This procedure shall not apply to any assessment of $100.00 or less. (Ord. 561, November 25, 1999) Subd. 2. Length. The deferment shall be granted for as long a period of time as the hardship exists and the conditions as aforementioned have been met. However, it shall be the duty of the applicant to notify the City Clerk of any change in status that would affect eligibility for deferment. Subd. 3. Interest. The entire amount of deferred special assessments shall be due within sixty (60) days after Toss of eligibility by the applicant. If the special assessment is not paid within sixty (60) days, the City Clerk shall add thereto interest at 8% per annum from date assessments were adopted through December 31 of the following year and the total amount of principal and interest shall be certified to the County Auditor for collection with taxes the following year. Should the applicant plead and prove, to the satisfaction of the Council, that full repayment of the deferred special assessment would cause the applicant particular undue financial hardship, the Council may order that the applicant pay within sixty (60) days a sum equal to the number of installments of deferred special assessments outstanding and unpaid to date (including principal and interest) with the balance thereafter paid according to the terms and conditions of the original special assessment. Subd. 4. When Due. The option to defer the payment of special assessments shall terminate and all amounts accumulated plus applicable interest shall become due upon the occurrence of any one (1) of the following: A. The death of the owner when there is no spouse who is eligible for deferment. B. The sale, transfer or subdivision of all or any part of the property. C. Loss of homestead status on the property. D. Determination by the Council for any reason that there would be no hardship to require immediate or partial payment. (Ord. 121, August 4, 1983; Ord. 268, July 21, 1989; Ord. 337, July 23, 1992) -ter SEC. 2.83. CAPITAL IMPROVEMENT FUND ESTABLISHED. Subd. 1. Established. A Public Works Reserve Fund to be known as the Capital Improvement Fund is hereby established pursuant to the authority granted by Minnesota Statutes, Section 471.57 with authority to levy taxes annually within the existing limits for the support of such fund and into which fund may be paid any other revenues or monies not required by statute to be paid into some other fund or used for purposes other than those provided for by this Section for the use of the Capital Improvement Fund. Subd. 2. Purpose of Fund. This Capital Improvement Fund shall be used only to finance local capital improvements of a type for which the City is authorized to issue bonds and including, but not limited to, sanitary and drainage sewers, watermains and appurtenances, buildings, streets, street lighting and street signaling. Whenever the Capital Improvement Fund balance falls below $75,000.00 the City Treasurer must immediately advise the Council and the Council shall take steps by resolution to replenish the fund, with or without interest. (Ord. 134, October 6, 1983) SECTIONS 2.84 - 2.89. Reserved. page revised in 2006 109 25