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Home My WebLink About1982-01-19 Info PacketCity of Iowa City MEMORANDUM DATE: January 15, 1982 TO: Cit Council FROM: Ci Manager RE: Change in Meeting Date The schedule of budget sessions for the Council includes a meeting on Wednesday, January 27, at 7:00 P.M. The Chamber of Commerce Annual Meeting also is scheduled on that date at the Highlander Inn. Since several Council members plan to attend the Chamber meeting, the budget session is now planned for Tuesday, January 26, at 7:00 P.M. If you have any objections to meeting on the 26th, let me know at the informal meeting on Monday, January 18. cc: Rosemary Vitosh Dale Helling jMICRDFILMED BY j j JORMMICR# B-- I{ CEDAR RAPIDS • DES MOI4ES I 1 J� I 1 J� it Johnson County Council of Governmt is rr 0ME 410E RIshingma. bAu City, bvvL152240 0 0 Date: January 13, 1982 To: Iowa City Council and City Manager From: John Lundell, Transportation Planner Re: Small Bus Demonstration Program The Urban Mass Transportation Administration (UMTA) recently announced a new program called the New Bus Equipment Introduction Program which is meant to test various bus design features in order to assess the extent they improve fuel efficiency, reliability, and reduced maintenance costs. The program announcement specifically states that consideration will be given to applications involving small buses. The program will provide up to 80% of the capital cost of the equipment and will also support test plan preparation, data collection and analysis, evaluation, documentation, and dissemination of information resulting from the program. UMTA anticipates funding no less than five and no more than 20 vehicles for any single applicant. Unless directed otherwise, Hugh Mose, Transit Manager, and I will begin preparing the "Letter of Interest" which must be submitted no later than February 5. We will attempt to develop an innovative project making use of diesel powered small buses in fixed route service. Should you have any questions, please feel free to contact me at 356- 5252. Thank you. cc: Don Schmeiser Hugh Mose bc2/2 MICROFILMED BY 1" DORMMICR#LAB , 7 CEDAR RAPIDS • DES MOINES 0 J� Johnson Coul ity Council of Governmt. ,ts f%% 410 t Washirg[cnS[. bAlo ory, bvvQ 52240 Date: January 7, 1982 To: Neal Berlin, City Manager From:John Lundell, Transportation Planner /J Re: Percentage of Staff Time Provided Each JCCOG Member Y In response to your request for an estimate of time which Jeff Davidson and I spend for each JCCOG member in comparison to the amount of financial support, I have compiled the following information. These estimates include only actual time spent on transportation work items (i.e. elderly and handicapped, grant writing, bikeways, etc.) and not administrative tasks (timesheets, budget and work program preparation, quarterly reports, etc.). It is assumed that these administrative costs are spread proportionately to each member agency. Member Agency FY83 Proposed Contribution Percentage Estimated Percentage Contribution of Work Iowa City $21,500 54.0% 55% Coralville 6,162 15.6 P5 Johnson County 5,113 12.8 10 University of Iowa 7,000* 17.6 10 Total $39,775 100.0% 100% *Two one-quarter time research assistants. It should be pointed out that Iowa City provides support to Transportation Planning than their $21,500 substantially more Building rent, utilities, Department, and time cash contribution. spent by the JCCOG Director, Finance etc. are all entirely Iowa City supported. Should you desire any additional information please feel free to contact me. cc: Don Schmeiser Mike Kattchee Mike Finnegan j Betty Ockenfels bj4/15 ....... r i 111 CROFILMED BY 1. '-JORM- MICR+CA B'- I ) CEDAR RAPIDS • DES MOINES I /oz -`0 NEWS RELEASE Mercy Hospital • 500 Market Street . Iowa City, Iowa 52240 FOR MORE INFORMATION CONTACT: Linda Muston Community Relations 337-0658 FOR RELEASE FRIDAY, JANUARY 15, 1982 Mercy Hospital in Iowa City is making application with the City of Iowa City for issuance of Industrial Revenue Bonds to finance a renovation of surgical outpatient, obstetrical and newborn, emergency and clincial diagnostic services, administrative services and a parking facility. On the basis of preliminary architects estimates, Mercy Hospital has submitted an application to the City of Iowa City for issuance of $23 million in Industrial Revenue Bonds. Sister Mary Venarda, Mercy's- administrator, stated that the renovation is part of the hospital's ongoing plan. Today's application with the city is made at this preliminary stage to comply with bonding requirements. Construction which will begin in the summer of this year is necessitated by the growth in surgical, obstetrical and emergency services over the past several years. The project includes construction of a facility to meet the long standing need for off-street parking for patients, employees and the public. -30- -- - 1 I MICROFIL14ED BY 1. JCRM--AA1CR6LA9 CEDAR RAPIDS • DES MOINES ' /e.9 40 r -LI1 � 1 `\ I Police Department; Year-end Report December, 1981 Citizen generated requests for police services (compalints) totaled , 2438 in -December, 1981, approximately the same as the prior month. Increases in the number of reported offenses were noted in burglary; forgery and counterfeiting; offenses against family and children; intoxication; disorderly conduct; suspicion; juvenile; motor vehicle accidents; assists and service; alarms; and civil problems. All other categories of reported offenses either remained constant or declined when compared to November. Arrests, citations and tickets issued also declined from 3378 in November to 2985 in December. The total number of requests for police services declined from 29,128 in the 1980 calendar year to 28,992 in calendar 1981. The table below indicates a comparison ofreported offenses by offense category for calendar 180 and 181 and teh total arrests, citations of tickets issued in each year by offense category. One caution should be exercised in reading the data; the citizen request for police service; the complaint may not, in all cases, indicate the nature of the offense as determined by investikation. Arrest, Citation, or Ticket Reported Offenses 1980 1981 1980 1981 Criminal Homicide 0 3 0 1 Rape 20 12 2 5 Robbery 22 21 3 7 Assault 215 233 60 102 Burglary 606 717 17 29 Larceny/Theft 2134 2003 266 318 Motor Vehicle Theft 169 176 7 12 Simple Assaults 11 0 15 1 Arson 28 31 5 1 Forgery F, Counterfeiting 56 52 7 5 Fraud 53 45 9 9 Embezzlement 13 8 0 1 Buying/Receiving Stolen Property 9 1 3 0 Vandalism 143 157 12 17 Weapons 38 33 6 19 Prostitution/Vice 1 2 0 0 Sex Offenses 143 157 12 17 Controlled Substances 34 60 15 27 i /*4 - ----- ---- MICROFILMED MICROFILIIED BY r -"JOR M: -MIC R+CA9' CEDAR RAPIDS • DES MOINES el JJ ._ -0 _y Police Department; ar-end Report page 2 Arrest, Citation, or Ticket Reported Offenses 1980 1981 1980 1981 Gambling 2 1 2 0 Family/Child Offenses 419 436 0 0 0 M V U I 254 353 138 259 7 Liquor Law Violations 36 67 59 124 Intoxication 338 346 246 257 Disorderly Conduct 2463 2676 156 321 i Vagrancy 8 32 0 3 f Non -traffic Criminal 458 500 380 222 ' Suspicion 690 802 0 0 I Juvenile 308 323 2 160 Mental 44 76 0 0 Suicide 31 33 0 0 Snowmobile 6 0 0 0 Motor Vehicle Accidents 2122 2123 0 0 � Other Accidents 83 48 0 0 Assist $ Service 5193 5474 0 0 Fire 195 178 0 0 Silent Alarms 1996 1732 0 0 Attempts to Locate 635 505 6 0 & Civil Problems 233 172 0 0 Sudden Death: Bodies Found 5 5 0 0 Gunshots 61 93 0 0 Miscellaneous Investigations 554 472 0 0 Miscellaneous Complaints and . Service 312 220 0 0 I Property/Lost $ Found 939 1178 0 0 Miscellaneous Information 2331 2011 0 0 Dog/Cat/Miscellaneous Animal 861 929 0 0 Livestock 7 15 0 0 Wildlife/Deer Kills 10 13 0 0 Weather, etc. 6 1 0 0 Hazardous Road Conditions 91 78 0 0 Traffic Violations 581 760 6425 5049 Abandoned/Recovered Vehicles 32 37 0 0 Boating/Recreational/Water 0 2 0 0 Hunting 6 14 0 0 / 29,128 28,992 35,871 32,792 MI7-DES IP J I "`DORM I ' CEDAR RAPIDSIYES I i r 14 THE WALL STREET JOURNAL, Thursday, January 14, 1982 Cities Can Be Sued for Antitrust Actions, Unless Protected by State, Justices Rule By STtn'n&N Wtw%umIssue of whether Boulder is exempt from s1NfnepmW,,1T„xwA,.. Sr,ua:r nn.,,„.,. WASHINGTON.— The Supreme Court antitrust laws. A federal appeals court in Denver ruled that It was, and the company aeall a severe blow to city governments, rul- appealed. The high court ruling means Ing that they aren't entitled to the same ex- Boulder velli face a trial on the antitrust emption from antitrust laws that states are. In a five -to -three decision, the high court charge. Although the ruling will affect many as• said that If a city's actions are'anticompeti- pects of city economic regulation, cable tele - Live, the city can be sued for antitrust viola- vision may be the area of most Immediate tions, unless It was earrying out a specific impact: In a frlend-ofthe•court brief Bled state policy. with the Supreme, Court, the Cable Televl- The opinion, written by Justice Wllllam sibn Information 'Center, a nonprofit re - Brennan, settles an issue that has splinterFd the high court In the past: the extent to source center for cities, said that without the antitrust exemption "local regulation of which city regulatory activities are pro- cable television under existing authority will tected from antitrust lawsuits, Since 1943, affectively be .eliminated.” The center the high court has held states are ex- warned of the "chaos that Is likely to ensue .that empt from federal antitrust laws, even when for cities, for the courts and possibly for the state regulatory actions hamper trade or competition.. For many.years, citles.have cable Industry." . The decision didn't resolve all the Issues enjoyed some protection by Implication but raised b antitrust sults have never had the Supreme Court's Impri• lice Brennan left open he question of motor. whether cities can be sued for triple dam. . The high court yeslerdaysald that home- ages, as provided by federal Jaw, or whether role cities—those that have been .given some anticompetitive activities by city gov. broad self-governing powers by the states— ernments might be found acceptable under aren't exempt from antitrust laws. Only antitrust law. when a city's action is carrying out a "clearly articulated and affirmatively ex- But the ruling brought a dissent from Justice William Rehnquist, joined by Chief pressed" stale policy will the city be ex. Janice -Warren Burger and Justice Sandra empt. Day O'Connor. The dissent said the ruling New Sults E Xpected will 'Impede. If not paralyze, local govem- ments' efforts" to protect "public health, The ruling Is likely to subject cities to trials In dozens. of antitrust suits and to safety and welfare." Justice Rehnquist said, "It effectively destroys the home -rule move. spawn new cases by citizens. It also may ment In this country." force state legislatures to review labs dele. Justice Byron White didn't participate in gating to cities authority over a variety of the case. regulatory activities. Such delegation may have to be made more specific and detailed if It is to survive antitrust challenges after the high court decision. . The ruling came In a suite against Boul- der, Colo., by Community Communications Co., a unit of Tele-Communications Inc, of Denver. The company accused the city of antitrust violations, charging that the City Council In 1979 Interfered with expanslon of the concern's cable television operations. TO date, legal proceedings have focused on the. J 141CROFILMED BY l "--JORM MICR+GAB � , j CEDAR RAPIDS •DES MOINES i 140.5 1 _y _M January 21, 1982 Iowa City City Council Civic Center Iowa City, Iowa I j Members of the City Council: I address the council on the proposed move from the Davis j Building to the remodeled Post Office -- Now called the I Senior Citizens Center. i The City of Iowa City rents the Davis Building new. In 1980 the rental was $20,000. Additional spame was included in July of 1980 and in 1981 the rental was $24,600. The cost of heating, sewer and water, building repair and maintenance and 1 security lighting is paid by the building owners. The city pays for electricity and air conditioning. News reports indicate that the City will spend $50,000 in re— modeling space in the Senior Center for office use and that they will occupy this space for 5 years or less. j I I have prepared some preliminary estimates on the rental cost i for these Senior Center offices and my figures do not agree with the figures attributed to the City Manager. The City Manager f states that the city would save $309000 per year by moving. My estimates are included in this discussion and will be given to ` the council members. It appears that the move is a trade—off in dollars if all assumptions are correct. I There are other factors that should be considered in this council decision to move offices: 1. the remodeling figure of $50,000 is an estimate. This figure should be documented and guaranteed. The council should be aware of any costs that would be included in other city funds such ass moving costs, telephone installation, painting, general cleanup and hauling. 2. Will the taxpayers of the City of Iowa City get into trouble with the Federal Ooversmment by accepting Federal Funds to remodel a building into a Senior Citizen facility j and then using a part of that remodeled building for. -other uses. I Af r } 141CROFIL14ED BY "-"DORM _. MICR#L LCEDAR RAPIDS • DES MOINES r -2- 3. Will the Federal Government accept the idea of paying the City of Iowa City a rental fee for use of a building that was remodeled with Federal funds? Some Federal Programs that are administered by the City of Iowa City include rental space costs as a part of the expense of the program. Will the City lose this rent charge? 4. Would it not be better to remain in the Davis Building for an additional period of time and to use this time to construct a facility on the corner of Iowa and Van Buren Streets to house the staff now using the Davis Building? The $$0,000 estimated remodeling fee would reduce the cost of the new building. In order to allow the Council to use additional time in this decision and to allow for the documentation of costs that Will have to be paid because of the moving of offices, the owners of the Davis Building will allow a 30 day extension of the Lease*Notification time. This extension will be put in writing and delivered to the City Manager upon request. Sincerely ---- /Yt B�'svice R. 4laegow``QQ' ��''�� Washington Park Ino.j 834 No. Johnson St. Iowa City, Iowa I' MICROFILMED BY 1. 'DORM-MICR+LAB-- - _l CEDAR RAPIDS • DES MOINES I I /o d K ^ EFFICIENCY. LINE NO. 9636 �l 1 (l I gyp. 0 Rental Includes: Heating Costs The Davis Building Sewer & Water Cost Rental Receipts City of Iowa City Hot Water Rest Rooms MAR APR MAY JUN JUL AUG SEP OCT NOV DEC TOTAL IIICRDEILMED BY 1" "JORM MICR+LA13 -� CEDAR RAPIDS DES M014E5 J� m .�� %�iio-:ice_ �.:■::-C IIICRDEILMED BY 1" "JORM MICR+LA13 -� CEDAR RAPIDS DES M014E5 J� Effective Rent in the Senior Center for Office Space 1. Amortization of Resiodelin Costa: 50,000 divided by 9 years $ 10,000 2. Moving Costs: Est $2000 over 5 years 400 3* City share of Sewer and Water Costs per year 200 4. New Phone Facilities: Est $3500 over 5 years 700 5. City Share of Utility Costal Est $ 30x000 100000 6. City Share of Building Repair & Maint. Est $ 6 000 2,000 Total Yearly Rent $ 23,300 inti, This rent is for an estimated 5 year occupancy. A lesser tem will increase the rent. Shared Expense is an estimate of 33 1/3 % An incregae in rmodeling cost of $1000 will increase the yearly effective rent by $200*00 The utility cost of the Senior Center for December were: Eloctricity -------$ 1775.00 Gas .......$ 2304.00 $7M M. MICROFILMED BY --JORM -MICR#LAB-- CEDAR RAPIDS • DES MOINES I I - f q SENIOR CENTER ACTIVITIES IN FEBRUARY The usual hours that classes and meetings are held are between IOA14 and 2 PM Services are provided from 8 AM to 5 PM. 11 SERVICES: Congregate Meals Elderly Services Agency Conmlunity & Home Health Service Agency (formerly VNA) Senior Advocate (Legal counseling) Medicade Dental Screening Tax Assistance Heart Saver Course Money Management Course Social Services SEATS American Association of Reitred People 10 CLASSES: Crochet Bible .Painting Crafts Walking-excercise Folk Dancing Creative Writing The Remembered Past Card Playing Beginning French 9 MEETINGS: Senior Center Commission Elderly Services Agency Board American Association of Retired People (general) Council of Elders Gerontology Certificate Students POST Editorial Board Service Providers POST Mailing American Association of Retired People (board) MICROFILMED BY 1 - ":JOR M,"MICR+C:A9- Z CEDAR RAPIDS • DES MOINES MT _y ■ ■ 1 City of Iowa City MEMORANDUM DATE: January 18, 1982 TO: City Council j J FROM: Rosemary Vitosh, Director of Finance 1` RE: Additional Information on Budgets The following provides additional information as requested in last week's budget review meetings: 1. Federal Revenue Sharing - The proposed budget was based upon a 12% cut being made. Without this cut, an additional $67,000 of Federal Revenue Sharing is available for allocation. 2. Police Records and Identification - The FY82 budget book shows nine authorized positions in FY82 and eight positions in FY81. However, the correct totals should be ten in FY82 and nine in FY81. This then agrees with the FY83 proposed budget which shows a total of ten authorized positions. The last change in authorized positions occured in FY82 when a dispatcher po- sition was added to eliminate the need for periodically using a police officer as a dispatcher. 3. City Council - The proposed budget shows an increase in salaries from FY81 to FY82. The FY82 and FY83 salaries budgets include social security taxes in error. The budget amount for salaries will be reduced to $30,000 for each year. 4. Animal Control - Their truck is a 1979 model and will be three years old by the beginning of FY83. Based upon current mileage, it is estimated that total mileage will be over 70,000 by the beginning of FY83. MICROFILMED BY 1 I. JORM MIC R46L _._�....Z CEDAR RAPIDS • DES Mo1ME5 j 1007 1 , J� _ I I 1 i i 1007 1 , J� / I i / 1 ; f i City of Iowa City MEMORANDUM DATE: January 15, 1982 TO: City Council FROM: City Manager ,RE: Informal Agendas and Meeting Schedule January 18 1982 Monday 4:30 - 7:00 P.M. Conference Room 4:30 P.M. - Review zoning matters 4:40 P.M. - Council agenda, Council time, Council committee reports BUDGET DISCUSSION I 4:50 P.M. - Housing and Inspection Services: Administration - 8� Building Inspection Housing Inspection Assisted Housing _ /(,o 5:30 P.M. - Fire Department '1s 6:00 P.M. - Human Relations 6:15 P.M. - City Manager �a 6:30 P.M. - Executive Session January 19, 1982 Tuesday 7:30 P.M. - Regular Council Meeting - Council Chambers January 21 1982 Thursday 7:00 - 9:00 P.M. Conference Room BUDGET DISCUSSION 7:00 P.M. - Airport 7:30 P.M. - Senior Center 8:00 P.M. - Finance, Parking System PENDING ITEMS Economic Development Program Meet with Parks and Recreation Commission regarding parkland acquisition Inspection Policy, owner-occupied.duplexes Parking for Senior Center Volunteers City Conference Board Meeting - February 2, 1982 MICROFILMED BY � "-"JORM"MIC R#GAB' t CEDAR RAPIDS • DES MOINES f I ....... 167 -y IF ! MICROFILMED BY i -JORM',"MIC R/�LAB� CEDAR RAPIDS •DES MDIYES 1� A Ir City of Iowa City MEMORANDUM Date: January 18, 1982 To: City Council From: City4ager Re: Davis Building Lease The current lease for office space in the Davis Building became effective July 1, 1981, and provides for a 12 month lease with an option to cancel without penalty at the end of 9 months, provided that 60 days advance notice of cancellation is received by the owner. The early cancellation provision was negotiated at the request of Council in view of considerations to relocate offices now in the Davis Building to the 3rd floor of the Senior Center. As discussed with the Council, previously, the relocation of the offices would save the City approximately $30,000 a year in rentals. The initial purchase option payment of approximately $45,000 provides a payback to the City in less than two years. Obviously, this is a very desirable financial arrangement for the City. This recommendation has been endorsed by the Senior Center Commission. Notice of early cancellation of the lease must be delivered to Washington Park, Inc. before January 30, 1981. If you choose to postpone further consideration at this time, it will be necessary that you do address this issue far enough in advance of the June 30, 1982, expiration date of the current lease to allow for negotiation of a renewed lease, if required. tp3/5 r jn I I41CROFILMED BY If __ J JORM MICR6LA13' CEDAR RAPIDS • DES MOINES ,......._. I 1. , _. _ ......_. Y City of Iowa co" MEM®RAt\ bUM Date: January 18, 1982 To: City Council From: Rosemary Vitosh, Director of Finance Re: Adjustments to Proposed FY83 Property Taxes On page 148 of the Proposed Budget, an error was made in the FY82 property tax amount. The correct amount should be $590,852. This correction increases the projected Ending Balance for FY82 which in turn decreases the proposed property tax amount in the FY83 Budget to $521,830, or a decrease of $34,462 in property tax dollars. A revised p. 148 is included in this packet. In addition, we have received updated assessed valuation figures from the County. Typically the valuation figures are not finalized until sometime in February and it is necessary to work with estimates in the preparation of the proposed budget. The updated figures include the actual assessed valuation of utilities, recently received from the State, which were over $5 million higher than original estimates. The" proposed budget used a total taxable assessed value of $681,261,347 as compared to the updated amount of $686,460,981. This increase in valuation plus the error in Trust & Agency result in a decrease in the tax levy given in the proposed budget. Revised pp. i and ii, which provide information on the tax levy, are provided. The General Fund dollar levy amount has increased to $5,594,634. This increase of $42,117 will provide funding for social security taxes from the General Fund levy as the City must levy the maximum $8.10 in the General Fund Levy before it can levy for social security taxes under the Trust & Agency levy. In turn, the Trust & Agency dollar levy amount decreases. The total adjusted levy is now $12.834 per $1000 of taxable assessed valuation. This is an increase of $.593 or 4.8% over the FY82 levy. An update was also received on the assessed valuation for the average residential property. The taxable assessed value, after the rollback, is now computed to be $36,750. In addition, an updated assessed valuation for agricultural property was received. The amount is lower than the original estimate and decreases taxes from that levy by $295. Although the adjusted tax levy amount for FY83 is an increase of 478%, this does not alone indicate how an individual's property tax bill will increase. The increase is also dependent upon the change in the rollback factor and any changes in the assessed valuation of that property. Computations for the average residential property and the average commercial property are attached. Properties are reassessed every two years, and this in itself can cause an increase in property taxes. For example, in FY83 the ,1. 141CROFILM:DESMLO j 1" -JORM MICB" CEDAR RAPIDS YES /e1 a _y J� IF F, p taxable assessed valuation for the residential property increased 6.1% over the prior year and the commercial property taxable valuation increased 4.4%. In order for there to be no increase in taxes, the levy would subsequently have to decrease. Because the reassessment occurs every two years, it may be more pertinent to look at the average annual increase for the two year period. This works out to 6.3% for residential and 8.9% for commercial. bcl/l K -_- MICROFILMED BY F RM MICR+L-A8-AR RAPIDS DES MOINES � / I r� . /47 ■ IF L C1T1' OF IOWA CIiY FY83 PROPOSED BUDGET TRUST & AGENCY FY81 ACTUAL -3r 451 -31451 5261713 67x943 0 71252 23,808 6257716 -5701286 --701286 51x979 148 ( MICROFILMED BY 'JORM.'-MICR#LAB` CEDAR RAPIDS • DES MOINES I i FY82 ESTIMATE 511979 51r979 5901852 75,000 161681 8.000 0 6901533 -682xO60 -68-1060 601452 FY83 P'ROP'OSED i BEGINNING BALANCE 60.452; TOTAL BALANCE ----60x452 PROPERTY TAX 521,830 UNIVERSITY FIRE CONTRACT 791715 . FEDERAL GRANT CHARGEBACK 91364 INTEREST INCOME MISCELLANEOUS REVENUE TOTAL RECEIPTS 0 PERSONAL SERVICES _ _ --617x909 TOTAL . ENDING BALANCE �< ! V L C1T1' OF IOWA CIiY FY83 PROPOSED BUDGET TRUST & AGENCY FY81 ACTUAL -3r 451 -31451 5261713 67x943 0 71252 23,808 6257716 -5701286 --701286 51x979 148 ( MICROFILMED BY 'JORM.'-MICR#LAB` CEDAR RAPIDS • DES MOINES I i FY82 ESTIMATE 511979 51r979 5901852 75,000 161681 8.000 0 6901533 -682xO60 -68-1060 601452 FY83 P'ROP'OSED 60.452; i ----60x452 521,830 i 791715 . 91364 71000 0 _ _ --617x909 Cl . -6781361 �< ---------- -6781361 ---------- f 0 ' BUDGET IN BRIEF i' JAN 181981 REVENUES Consistent with the practice of previous years, all revenue estimates are conservative. The uncertainty of Federal and State revenues has increased the necessity for a conservative approach. In budget preparation it is important to ensure that the level of revenue projected will actually materialize. A. Property Tax: The City's property tax request of $8,852,183 for FY83 will be levied as follows: General Fund Tort Liability Debt Service Trust & Agency FY82 Assessment Dollars Per $1,000 5,169,872* 8.100 258,126 .407 1,409,065 2.222 958,634 1.512 7,795,697 12.241 FY83 �1 Assessment tip Dollars Per $1,000 1� r 5,594,634* 8.100 \ 253,030 .369 1,786,481 2.602 1,210,286 1.763 8,844,431 12.834 Ag. Bldgs. & Land 5,825 3.004 7,752 3.004 Total 7,801,522 8,852,183 *Includes monies and credits of $20,500 and military credit of $13,800. This levy of $12.834 reflects an increase in the tax rate required for FY83 of $.593 per $1,000 of assessed valuation and represents $471.65 per year on the assessed value of the average residential property in Iowa City. As of January 1, 1981, the City Assessor computed the assessed value for the average residential property, after the rollback, to be $36,750 This compares with the prior year's assessed value of $34,621. Annual increases in assessed valuation have averaged 5% per year in recent years. The increase this year exceeds the average because some of the new construction in the Central Business District was added to the tax rolls on January 1, 1981. When urban renewal started in 1970, the assessed value of the urban renewal area was $1,110,815. In 1981, the same area's total assessed value was $16,521,960. Discounting inflation, in constant dollars, the increase has been approximately $2,000,000. Because of this increased valuation in FY83, the tax dollars will increase 13.4%over the prior year's while the levy increases only 4.8%. MICROUILMED BY I ""JORM. MIC R#•LAB- -� CEDAR RAPIDS • DES MOMES I i �J 011 r The total assessed value upon which taxes will be levied in Iowa City has increased from $634,021,232 to $686,460,981 as of January 1, 1981, or an increase of 8.3%. City services are financed from many sources. Some of these sources have limitations both as to amount and use. The General Fund property tax levy can be used for the suppport of General Fund services, such as police, fire, park and recreation services. The levy cannot exceed $8.10 per $1,000 of assessed valuation. The City will apply tax rates based on "rolled back" valuations resulting from limiting increases in valuations used for taxation. In FY82 this rollback was .667335 on residential property and will be .647793 in FY83. The rollback on certain commercial and utility properties was .931854 in FY82 and will be .878423 in FY83. The rollbacks limited valuations used for taxation to a 6% increase for the period January 1, 1975 to January 1, 1978, 6% from 1978 to 1979 and now allows a 4% increase from January 1, 1980 to January 1, 1981. This last valuation is the basis for the FY83 property taxes. The City will also receive revenue from taxes on agricultural buildings and land. As provided by state law the tax on this property is $3.00375 per $1,000 of assessed value. The assessed taxable value for agricultural property is $2,580,717 and will yield revenue of $7,752. In FY83, $5,560,334 in property tax revenue (the General Fund levy amount net of monies and credits and military credit) will be appropriated in the General Fund. The General Fund property tax amount is an increase of 8.3 percent over the FY82 State -approved budget of $5,135,572. (The FY81 General Fund levy amount net of monies and credits and military credit.) Another source of revenue used for General Fund operations is the monies and credits replacement fund. Formerly a State law levied a tax on certain monies and credits and monied capital. This tax was repealed and the State established a replacement fund which provides to cities the approximate amount of revenue they were receiving at the time the tax was repealed. In FY83, the City will receive $20,500. A military service credit replacement has been established by the State which returns to cities part of the property tax lost through the military service tax credit. In FY83, this fund will return $13,500 to Iowa City for General Fund purposes. These monies are apportioned to cities by the State Treasurer in proportion to the money allocated by the State for the military service tax credit. The City also levies property tax for other purposes. These include debt service, trust and agency, and tort liability. These funds can be utilized only for the purpose for which they are levied. The debt service levy provides funds for the payment of the principal and interest on general obliga- tion bonds of the City. It can also be utilized to fund the payment of any judgments against the City, ` unless other funding sources are provided by State law. 0 V I 1 1 I 1 MICROFILMED BY 7 ._.JORM._. M1CR+CA9.. CEDAR RAPIDS • DES MOIRES II J� I 1 PROPERTY TAX INCREASE AVERAGE RESIDENTIAL PROPERTY I PROPOSED FY81 FY82 FY83 , Average Residential Property Value $ 51,938 $ 51,876 $ 56,730 Rollback Factor X .643801 X .667355 X .647793 Taxable Valuation $ 33,437 $ 34,621 $ 36,750 1100011000 1,000 $y 33.437 $j 34.621 $y 36.750 Tax Levy X 12.519 X 12.241 X 12.834 TAXES $ 418.60 $ 423.78 S 471.65 + $5.18 + $47.87 1 + 1.2% + 11.3% i 2 YEAR ANNUAL AVERAGE INCREASE 6.3% I AVERAGE COMMERCIAL PROPERTY FY81 FY82 PROPOSED FY83 i Average Property ? Value $ 151,589 $ 159,344 $ 176,438 Rollback Factor X .889872 X .931854 X .878423 Taxable Valuation $ 134,895 $ 148,485 $ 154,987 1,000 + 11000 — 11000 $ 134.895 $ 148.485 $ 154.987 1 Tax Levy X 12.519 X 12.241 X 12.834 TAXES $ 1,687.50 $ 1,817.60 $ 1,989.10 + $130.10 + $171.50 + 7.7% + 9.4% 2 YEAR ANNUAL AVERAGE INCREASE 8.9% ,L F i it 1 i ' ( 11111111.1111 BY JORM"MICR6LAB �) 1 CEDAR RAPIDS • DES MDI NES I I a