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Item 5.a.
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| City Council Regular | |
| Date: | 06/28/2021 |
| Title: | Public Hearing and Resolutions Setting Annual Levy/Assessments for Fiscal Year 2022 |
| Presented by: | Andy Zoeller, Finance Director |
| Department: | Finance |
| Presentation: | Yes |
RECOMMENDATION
Staff recommends that the City Council conduct one public hearing for all the levies/assessments and approve each individual resolution. These levies/assessments are listed as sub items under one agenda item. The Council may conduct one public hearing where anyone may speak about any of the levies/assessments. After the public hearing is closed, the Council will need to take action on each individual levy/assessment resolution. All resolutions may be approved by a majority vote.
BACKGROUND (Consistency with Adopted Plans and Policies, if applicable)
The following property tax levy and annual assessment resolutions have been completed by the Finance Department and the levies and assessments are ready to be spread on the tax files.
The mills will remain the same at 169 in FY 2022 for General Fund, Transit, Library, and Public Safety I & II levies. The TBID assessment is $2 per rented room per night and has not changed from last year. The DBID assessment is based on many factors which includes total square footage, count of all parcels, total taxable value, and total building square footage within the district. For FY 2022 the assessments for the DBID total $426,716.98.
- Downtown Business Improvement District
- Mill Levy Rates for General Fund, Transit, Library, Public Safety I & II
- Tourism Business Improvement District
The mills will remain the same at 169 in FY 2022 for General Fund, Transit, Library, and Public Safety I & II levies. The TBID assessment is $2 per rented room per night and has not changed from last year. The DBID assessment is based on many factors which includes total square footage, count of all parcels, total taxable value, and total building square footage within the district. For FY 2022 the assessments for the DBID total $426,716.98.
ALTERNATIVES
City Council may:
- Approve; or,
- Not Approve and provide additional guidance to staff
- Amend and approve the resolutions
FISCAL EFFECTS
Establishing these mills will allow the City's General, Transit, Library and Public Safety I & II funds to collect the maximum allowed by the Charter for the upcoming fiscal year.