HomeMy Public PortalAboutResolution 2020-13, Approving Date Of Maximum Levy Property Tax Public Hearing And Levy Amount Published In Ad For Fiscal Year 2020-2021 RESOLUTION 2020-13
A RESOLUTION APPROVING THE DATE OF THE MAXIMUM LEVY PROPERTY TAX
PUBLIC HEARING AND LEVY AMOUNT PUBLISHED IN THE AD FOR
FISCAL YEAR 2020-2021
WHEREAS, the City Council of the City of Riverdale, Iowa must consider the
proposed fiscal year 2020-21 city maximum property tax dollars for the affected
levy total, and;
WHEREAS, a notice concerning the proposed city maximum property tax dollars
must be published along with a public hearing notice not less than 10 or more
than 20 days before the hearing is held, and;
WHEREAS, a public hearing is scheduled on the night of the regular City Council
on February 25, 2020 concerning the proposed city maximum property tax
dollars and to promote the max levy information as part of the Town Hall
Meeting on Sunday, February 23 at 2:00 p.m., and;
WHEREAS, the levy amounts in the ad will be published to match Exhibit A.
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
RIVERDALE, IOWA, that the maximum levy public hearing will be held on
February 25, 2020 and the City Administrator is directed to publish the ad with
the numbers in Exhibit A.
Passed and approved this 28th day of January 2020.
41/
11110
Michael Bawden, Mayor
ATTEST:
t 1,e2Mary 'rances Blevins, City Clerk-Treasurer
City of Riverdale,Iowa 110 Manor Dove,Riverdale,Iowa 52722•(563)355-2511 •www.riverdaleiowa.com
CITY NAME
Riverdale
NOTICE OF PUBLIC HEARING -PROPOSED PROPERTY TAX LEVY
Fiscal Year July 1, 2020 - June 30, 2021
The City Council will conduct a public hearing on the proposed Fiscal Year City property tax levy as follows:
Meeting Time:
7:00pm
Meeting Date:
February 25,2020
Meeting Location:
Riverdale City Hall, 110 Manor Drive, Riverdale IA
At the public hearing any resident or taxpayer may present objections to, or arguments in favor of the proposed tax levy.
After adoption of the proposed tax levy, the Council will publish notice and hold a hearing on the proposed city budget.
CITY CODE
82-785
City Web Site (if available):
riverdaleiowa.com
City Telephone Number:
563-355-2511
Iowa Department of Management
Current Year
Certified Property
Tax
2019/2020
Budget Year
Effective Property
Tax
2020/2021""
Budget Year
Proposed
Maximum Property
Tax
2020/2021
Annual
% CHG
Regular Taxable Valuation 1
Tax Levies:
Regular General 2
Contract for Use of Bridge 3
Opr & Maint Publicly Owned Transit 4
Rent, Ins. Maint. Of Non -Owned Civ. Ctr. 5
Opr & Maint of City -Owned Civic Center 6
Planning a Sanitary Disposal Project 7
Liability, Property & Self -Insurance Costs 8
Support of Local Emer. Mgmt. Commission 9
Emergency 10
Police & Fire Retirement 11
FICA & IPERS 12
Other Employee Benefits 13
72,699,043
72,463,556
72,463,556
$316,839
$316,839
$586,955
$31,635
$38,000
$25,000
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
*Total 384.15A Maximum Tax Levy 14 $316,839 $316,839 $681,590
Calculated 384.15A MaximumTax Rate 15 $4.35823 $4.37239 $9.40596
115.12%
Explanation of significant increases in the budget:
The City Council will consider two full time employees vs the current part time positions. The final tax levy will be adjusted once the
hearing has been held and the needed funds to balance the budget are determined.
If applicable, the above notice also available online at:
riverdaleiowa.com
*Total city tax rate will also include voted general fund levy, debt service levy, and capital improvement reserve levy
**Budget year effective property tax rate is the rate that would be assessed for these levies if the dollars requested is not changed in the coming
budget year
$8.10000
$0.00000
$0.00000
$0.00000
$0.00000
$0.00000
$0.43656
$0.00000
$0.00000
$0.00000
$0.52440
$0.34500
Resolution 2020-13
Exhibit A