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Home My WebLink AboutResolution 3524, Mill levy resolution, FY 2003 COMMISSION RESOLUTION NO. 3524 A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF BOZEMAN, MONTANA, ESTABLISHING AND AFFIXING THE NUMBER OF MILLS TO BE CHARGED AGAINST THE ASSESSED VALUATION OF ALL TAXABLE PROPERTY SITUATED WITHIN THE CORPORATE JURISDICTIONAL BOUNDARIES OF THE CITY FOR FISCAL YEAR 2002-2003. WHEREAS, in accordance with Montana Code Annotated, a resolution must be adopted by the City Commission in order to determine the amount of the City or Town taxes to be levied and assessed on the taxable property situated within the City for the current fiscal year; and WHEREAS, the Clerk of the City Commission must certify to the County Clerk a copy of such resolution. NOW, THEREFORE, BE IT RESOLVED by the City Commission of the City of Bozeman, Montana, as follows: Section 1 That for the purpose of providing and maintaining basic City services, the City Commission of the City of Bozeman, Montana, does hereby affix 106.78 mills to be levied for the All-Purpose General Fund for all salaries, operations and capital expenditures for general government purposes as provided by Section 7-6-4451, M.C.A. Section 2 That the City Commission of the City of Bozeman hereby affixes a 3.52 mill levy for the State- mandated Firefighters' Retirement System, in order to maintain payments to the State-administered Firefighters' Retirement System, in accordance with Section 19-13-606, M.C.A. Section 3 That the City Commission of the City of Bozeman hereby affixes a 4.58 mill levy for the 5tate- mandated Police Retirement System in order to maintain payments to the State-administered Police Retirement System, in accordance with Section 19-9-704, M.C.A. Section 4 That the City Commission of the City of Bozeman, Montana does hereby affix and establish a mill levy in the amount of 2.70 mills to provide for City contribution to the State retirement system for employees covered under the Public Employees' Retirement System (P.E.R.S.), in accordance with Section 19-3-204, M.C.A. .. ---.-- -... .--- ---...--. -..-.-- --.... -.-----.-.----.-. -------.-.-- Section 5 That the City Commission of the City of Bozeman, Montana, does hereby establish and affix a mill levy in the amount of 3.92 mills to provide funds for Comprehensive Insurance protection and coverage for the City of Bozeman, Montana, in accordance with Section 2-9-212, M.C.A. Section 6 That the City Commission of the City of Bozeman, Montana, does hereby establish and affix a mill levy in the amount of 13.45 mills to provide for the total City payment of premiums for Health/Medicallnsurance for City employees, in accordance with Title 2, Chapter 18, Part 7, M.C.A.; Section 2 of Chapter 359, Laws, 1975; Section 7-32-4117, M.C.A.; and Section 7-3-4130, M.C.A. Section 7 That the City Commission of the City of Bozeman, Montana, does hereby establish and affix a mill levy in the amount of 2.00 mills to provide funds for the operation of the City Planning activity, in accordance with Section 76-1-406, M.C.A. Section 8 That the City Commission of the City of Bozeman, Montana, does hereby establish and affix a mill levy in the amount of 1.00 mills to provide funds for special transportation services for senior citizens and persons with disabilities, in accordance with Section 7-14-111 (1), M.C.A. Section 9 That the City Commission of the City of Bozeman, Montana, does hereby establish and affix a mill levy in the amount of 2.00 mills to provide funds for covering costs incurred with the emergency resulting from the tree damage which occurred during the June 13, 2001, snowstorm and any other qualifying emergencies which may occur, in accordance with Section 10-3-405, M.C.A. Section 10 That the City Commission of the City of Bozeman, Montana, does hereby establish and affix a mill levy in the amount of 8.70 mills to provide for principal and interest payments on outstanding Transportation System General Obligation Bonds, in accordance with Section 7-7-4265, M.C.A. Section 11 That the City Commission of the City of Bozeman, Montana, does hereby establish and affix a mill levy in the amount of 5.56 mills to provide for principal and interest payments on outstanding Library General Obligation Bonds, in accordance with Section 7-7-4265, M.C.A. - 2 - PASSED AND ADOPTED by the City Commission of the City of Bozeman, Montana, at a regular session thereof held on the 15th day of July 2002. Srrd';K~~ ATTEST: (Jfy ~ R IN L. SULLIVAN Clerk of the Commission APPROV,AS TO FORM: - 3 - -.----- -.-.---. --.. 0______. CITY OF BOZEMAN Mill Levy - Fiscal Year 2002-2003 Levy Title/Purpose Levy FY 2002-2003 All-Purpose Levy 106.78 City Planning 2.00 Police Retirement 4.58 Firefighter's Retirement 3.52 Public Employees Retirement System 2.70 Comprehensive Insurance 3.92 Health/Medical Insurance for Employees 13.45 Senior and Disabled Transportation 1.00 Emergency Levy 2.00 Library G.O. Bond 5.56 Transportation System G.O. Bonds 8.70 TOTAL ALL LEVIES 154.21 Mill Value = $46,125 ... Ffe"VENU'E MONT ANA . Form TaxVal ~~~ . Rev. 8.02 ~ ~ 2002 Certified Taxable Valuation Information (Pursuant to 15-10-202, MCA) County oCGallatin Taxing Jurisdiction_Bozeman City 1. 2002 Total Market Value.................................................... $1,304,489,672 2. 2002 Total Taxable Value................................................... $46,125,550 3. 2002 Taxable Value of Newly Taxable and Eliminated Property.. $2,806,236 * a) Newly Taxable Property as identified in Tax Policy and Research spreadsheet........................... .$2,755,295 b) 2002 Taxable Value of Eliminated Property.. ....$50,941 4. 2002 Taxable Value of Net and Gross Proceeds................... $ (Class 1 and Class 2 properties) Preparer 1.; ~r~ Date_July 8, 2002_ '''~ *Note: This is the value to be used by local governments in calculating the mill levy per 15-10-420. It is the sum of Item (a) and Item (b). For Information Purposes Only 2002 Taxable Value of Centrally Assessed Property having a market value of $1 million or more, which has transferred to a different ownership. In compliance with 15-10-202(2). "' $ 440 .. .------------.- . --- -..,.--.-.- ... RnEVEr~rU'E MONTANA . Form TaxVal ~~ Rev. 8-02 ~ ~ ..... " 2002 Certified Taxable Valuation Information (Pursuant to 15-10-202, MCA) County of Gallatin Taxing Jurisdiction Bozeman City Planning 1. 2002 Total MarketValue.................................................... $1,257,739,045 2. 2002 Total Taxable Value................................................... $46,123,041 3. 2002 Taxable Value of Newly Taxable and Eliminated Property.. $2,710,733* a) Newly Taxable Property as identified in Tax Policy and Research spreadsheet.......................... ..$2,659,455 b) 2002 Taxable Value of Eliminated Property... ...$51 ,278 4. 2002 Taxable Value of Net and Gross Proceeds................... $ (Class 1 and Class 2 properties) Preparer-----=G -S pr,.l*" Date July 8, 2002 ~.. *Note: This is the value to be used by local governments in calculating the mill levy per 15-10-420. It is the sum of Item (a) and Item (b). For Information Purposes Only 2002 Taxable Value of Centrally Assessed Property having a market value ot $1 million or more, which has transferred to a different ownership. In compliance with 15-10-202(2). $ , 2002 Gallatin County Report of Values Cities Marlwt Value Taxable Value Manhattan 47,616,661 1,710,948 Bozeman (less TIFD) 1,304,489,672 46,125,550 Three Forks 48,657,896 1,759,105 Belorade 179,512,398 6,430,185 b W Yellowstone 127,907,101 4,415,912 TOTAL 1,708,183,728 60,441,700 ~. ~ 7/8/02