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HomeMy WebLinkAbout2010-02-16 Public hearingr~~~' Publish 2/2 ~: j NOTICE OF PUBLIC HEARING Notice is hereby given that a public hearing will be held by the City Council of Iowa City, Iowa, at 7:00 p.m. on the 16th day of February, 2010, in Emma J. Harvat Hall, 410 E. Washington Street, Iowa City, Iowa, or if said meeting is cancelled, at the next meeting of the City Council thereafter as posted by the City Clerk; at which hearing the Council will consider: A resolution amending the Comprehensive Plan to adjust the long- range planning growth area boundary to include approximately 132 acres of land proposed for annexation near the intersection of Highway 1 and Interstate 80. A resolution annexing approximately 132 acres of land near the intersection of Highway 1 and Interstate 80, legally described as A part of the subdivision of the Northeast One-Quarter of Section 35, Township 80 North, Range 6 West of the Fifth Principal Meridian, Johnson County, Iowa, as recorded in Plat Book 1 at Page 11 in the Records of the Johnson County Recorder, Johnson County, Iowa, more particularly described as follows: Lots Four (4), Five (5) and Ten (10) and the South nine (9) acres of Lot Six (6), and the South 12-1/2 acres of Lot Eight (8), all of the subdivision of Northeast Quarter of Section 35, Township 80 North, Range 6 West of the Fifth Principal Meridian, Johnson County, Iowa, containing 60.67 acres, more or less; and the southwest quarter of the Northwest quarter of Section 36, Township 80 North, Range 6 West of the Fifth Principal Meridian, Johnson County, Iowa and that portion of the Southeast Quarter of the Northwest Quarter of Section 36, Township 80 North, Range 6 West of the Fifth Principal Meridian, Johnson County, Iowa lying West of Iowa Highway 1 containing 71.35 acres, more or less. An ordinance changing the zoning from County Agricultural (C-AG) zone to Interim Development -Research Park (ID- ORP) zone for approximately 132 acres of property located near the intersection of Highway 1 and Interstate 80. Copies of the proposed ordinances and resolutions are on file for public examination in the office of the City Clerk, City Hall, Iowa City, Iowa. Persons wishing to make their views known for Council consideration are encouraged to appear at the above-mentioned time and place. MARIAN K. KARR, CITY CLERK Form 631.1 NOTICE OF PUBLIC HEARING BUDGET ESTIMATE FISCAL YEAR BEGINNING JULY 1, 2010 -ENDING JUNE 30, 2011 City of Iowa City ,Iowa The City Council will conduct a public hearing on the proposed Budget at 410 E.Washington St., City Hall on 03/02/10 at 7:00 P.M. The Budget Estimate Summary of proposed receipts and expenditures is shown below. Copies of the the detailed proposed Budget may be obtained or viewed at the offices of the Mayor, Ciry Clerk, and at the Library. The estimated Total tax levy rate per $1000 valuation on regular property .. 17.75655 The estimated tax levy rate per $1000 valuation on Agricultural land is ... 3.00375 Al the public hearing, any resident or taxpayer may present objections to, or arguments in favor of, any part of the proposed budget. (319) 356-5053 Marian K. Karr phone number City Clerk/Finance OKCer's NAME Budget FY 2011 Re-est. FY 2010 Actual FY 2009 ...... (a) (b) (c) Revenues 8 OtherFinancing Sources Taxes Levied on Property 1 47,788,547 45,393,198 43,118,101 Less: Uncollected Property Taxes-Levy Year 2 0 0 0 e urren rope axes Delinquent Property Taxes 4 0 5,000 18,394 TIF Revenues 5 840,114 4,044,594 3,693,221 Other City Taxes 6 10,264,413 9,303,465 1,596,973 Licenses & Permits 7 1,335,333 1,350,898 1,280,142 Use of Money and Property 8 2,186,957 2,398,332 4,922,607 Intergovernmental 9 37,636,313 108,621,840 32,048,937 Charges for Services 10 39,621,066 39,359,173 39,5138,341 Special Assessments 11 0 0 0 Miscellaneous 12 3,784,929 7,732,979 5,502,427 Other Financing Sources t3 61,946,877 111,404,586 186,836,662 o avenues an er ources Expenditures 8 OtherFinancino Uses Public Safety 15 20,148,793 19,662,886 20,025,515 Public Works 16 13,578,768 13,579,546 11,958,297 Health and Social Services 17 0 0 0 Culture and Recreation 18 11,981,201 11,854,898 10,576,678 Community and Economic Development 19 4,795,653 33,139,727 13,892,634 General Government 20 8,350,547 8,319,535 7,183,046 Debt Service 21 14,045,403 13,182,544 35,740,008 Capital Projects 22 17,291,840 65,635,144 12,693,188 Total Government Activities Expenditures 23 90,192,205 165,374,280 112,069,366 Business Type /Enterprises 24 73,908,734 121,953,839 76,186,099 Total ALL Expenditures 26 164,100,939 287,328,119 188,255,465 Transfers Out 27 50,975,877 90,543,818 104,388,595 Total ExpenditureslTransfers Out 28 215,076,816 377,871,937 292,644,060 Excess Revenues 8 OtherSources Over (Under) ExpenditureslTransfers Out 29 -9,672,267 -48,257,872 25,961,745 on nwng ppropna ion Beginning Fund Balance July 1 30 103,163,306 151,421,178 125,459,433 Ending Fund Balance June 30 31 93,491,039 103,163,306 151,421,178 ~..~ DATE: TO: FROM: RE: February 11, 2010 Dale Helling, Interim City Manager City Council Leigh Lewis, Management Analyst /Finance FY2011 Proposed Budget Revisions & Public Hearing A public hearing will be held February 16, 2010, in consideration of the FY2011 Proposed Budget, with formal adoption scheduled for March 2, 2010. The budget must be certified by the Johnson County Auditor's office and received by the State's Department of Management by March 15, 2010. Following is a summary of changes from the proposed budget as printed in December, 2009. The proposed levy rate for FY2011 is $17.75655 per $1,000 of taxable valuation, a reduction from the proposed $17.82864 due to reprioritization of capital projects to preserve the twenty-five percent (25%) debt service policy. The revised rate also represents a .54% decrease from Iowa City's FY2010 total levy. General Fund revenue and expenditure revisions total ($529,321) and ($172,118), respectively. This includes reduction of utility franchise tax receipts to one percent (1%) of sales, an increase in administrative service charges to enterprise funds and reallocation of flood recovery staff to Special Revenue Funds. The net effect of all changes made since the proposed budget book is a $357,203 reduction in General Fund cash balance. General Fund Revenue Ex enditures Net Chan e Proposed Budget: $ 58,479,061 $ 58,146,148 Council Changes: Reduce: Utility Franchise Tax to 1% (832,776) - (832,776) Add: Youth Advisory Commission - 2,000 (2,000) funding appropriation increase Add: Library Park & Read - 6,800 (6,800) Add: Rec Fee Increases 22,288 - 22,288 Finance Administration: Revised: Administrative Chargeback 323,421 - 323,421 to Enterprise Funds Revised: Flood Recovery Special - (125,918) 125,918 Project Administrators to Special Revenue Funds Revised: Contingency Funding (55,000) 55,000 Reduce: Emergency Dispatch (42,275) - (42,275) 28E Revenue Misc. Other Adjustments 21 - 21 Revised FY2011 Budget Proposal: $ 57,949,740 $ 57,974,030 $ (357,203) Change from Proposed Budget Book: $ (529,321) $ (172,118) $ (357,203) Page 1 of 9 The attached Notice of Public Hearing and budget summary is currently available to the public for review prior to the public hearing. Please note lines 28 through 31 of the first page, which indicate that total expenditures will exceed revenue in FY2010 by $48.3 million in FY2010 and $9.6 million in FY2011. Bond proceeds of $20.4 million were received in late FY2009 for refundings which took place in early FY2010. The remaining decline in the FY2010 fund balance reflects cash funding of capital project expenditures within the Business Type /Enterprise funds. Cash funding of capital projects also represents the majority of a projected $9.6 million reduction in fund balance during FY2011. If you have any questions regarding this information, please contact Finance Director Kevin O'Malley at 356-5052 or me at 356-5053. Page 2 of 9 Form 631.1 Department of Management NOTICE OF PUBLIC HEARING BUDGET ESTIMATE FISCAL YEAR BEGINNING JULY 1, 2010 -ENDING JUNE 30, 2011 City of IOWA Clt~/ ,Iowa The City Council will conduct a public hearing on the proposed Budget at 410 E.WashingtOn St., City Hall on 03/02/10 at 7:00 P.M. (Date) xx/xx/xx (hour) The Budget Estimate Summary of proposed receipts and expenditures is shown below. Copies of the the detailed proposed Budget may be obtained or viewed at the offices of the Mayor, City Clerk, and at the Library. The estimated Total tax levy rate per $1000 valuation on regular property .......... $ 17.75655 The estimated tax levy rate per $1000 valuation on Agricultural land is .. ......... $ 3.00375 At the public hearing, any resident or taxpayer may present objections to, or arguments in favor of, any part of the proposed budget. (319) 356-5053 Marian K. Karr phone number City Clerk/Finance Officer's NAME Budget FY 2011 Re-estimated FY 2010 Actual FY 2009 (a) (b) (c) Revenues 8 Other Financing Sources Taxes Levied on Property 1 47,788,547 45,393,198 43,118.101 Less: Uncollected Property Taxes-Levy Year 2 0 0 0 Net Current Property Taxes 3 47,788,547 45,393,198 43,118.101 Delinquent Property Taxes 4 0 5,000 18,394 TIFRevenues 5 840,114 4,044,594 3,693.221 Other City Taxes 6 10,264,413 9,303,465 1,596,973 Licenses 8 Permits 7 1,335,333 1, 350.898 1,280,142 Use of Money and Property 8 2,186,957 2,398,332 4,922,607 Intergovernmental 9 37,636,313 108;621,840 32,048,937 ChargestorFeesBService 10 39,621,066 39,359,173 39,588,341 Special Assessments 11 0 0 0 Miscellaneous 12 3,784,929 7,732,979 5,502,427 Other Financing Sources 13 61,946,877 111.404,586 186,836,662 Total Revenues and other Sources 14 205,404,549 329,614,065 318,605,805 Expenditures & Other Financing Uses Public Safety 15 20,148,793 19;662,886 20,025,515 Public Works 16 13,578.768 13,579.546 11,958,297 Health and Social Services 17 0 0 0 Culture and Recreation 18 11,981,201 11,854,898 10,576,678 Community and Economic Development 19 4,795.653 33.139,727 13,892,634 General Govemment 20 8,350,547 8,319,535 7,183,046 Debt Service 21 14,045,403 13,182,544 35,740,008 Capital Projects 22 17,291,840 65.635,144 12,693,188 Total Government Activities Ex enditures 23 90,192.205 165,374,280 112,069,366 Business Type/Enterprises 24 73,908,734 121,953,839 76,186.099 TotaIALLExpenditures 25 164,100.939 287,328,119 188,255,465 Transfers Out 26 50,975,877 90,543,818 104,388,595 Total ALL Expenditures/Transfers Out 27 215,076,816 377,871.937 292,644,060 Excess Revenues & Other Sources Over (Under) ExpenditureslTransfers Out 28 -9,672,267 -48,257,872 25,961,745 Continuing Appropriation 29 0 0 Beginning Fund Balance July 1 30 103,163; 306 151,421,178 125,459,433 Ending Fund Balance June 30 31 93,491.039 103,163.306 151,421,178 Page 3 of 9 N~N I.L. 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IV I I ~ ' 7 rt O V ~ M ' O~ n ', aD O ~ N I tD CU ', II I ' ', ' J W Q~ ~ ~ ~ i i . N I 00 I ~ W N M , M ! O V O N V !D V ~ ~ I '. I ., ', I ~ ~ I W W Q i I N N M I N O V IV i I ~ , i v ~ t a > I y ~ '~, t ~ I III 1 I ~' '. t co o o '~ , o v m 1 v m N o M '. ' ~ m co I n o ~ I o v o '. f co In u) n m y ~ rn 'm o '. V ~ iaD ~--:n M I N to W ', N N VSO ~O N J Q O) 'O IOD ~.M M N N N M W U)'O v~n V M CO N ~ aN0 r' N W N ~n ~, OU ~ V (O TIM aD m Z V V O i ~ ~ I I M i ',,, (O Ri '' I N N N W I I ', _ ~ I '.. I ~, _ _ _ _ _ _ m SIN M.~ l° (D-.n W O',O r N MQ IP (D N W! tT) V '- N N N N N N N N ~'. N N M M' M M M M M M M (~ .... '. ~I ~. III W Z I W c I I V i ~ I 3I W ~ m ~ W ~ li I I d I ~Y~I .~ to ~;aF''io Z ~ ~g V LL dI ~, ~I I 0 ~~ J awU~N, U ~ °alla Q Q ~ c ''. ~i 3 ; ~ ~I' -- Q o c o'I ~ ~I,~ W ' ~ I oI ~ ~ F- fA ~ I d O 'UO_ N ~1! N U x 0~ N .U N~ L O U W Q U a ~ ~I c «: I ~. ~ U N~ I ~ '~, ~ o~ I w N ~~ ~ m o~ M ~ I, ~ N~ •- C J C N '. 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U N Q ~ r ~ CO W h )n h O V O M N (Q N M ~ M N CO V O W N ~ O O h ~ O ~ N W W W N N ~- N O O O) M (7. .- W r O O 4D ~- n M O O O O f~- M Gr 6) V W O M N O) .- N h 4 (n h N h O O O M V ~t N N . m .- ~ .. N .. d' .. l 8 .. N .. O ~ .. V .. •- N .. N .. W .. ~- W O W O~ M N (O W O c7 u'i i`- m N h V u~ O) M r W Q) ~' h- N tl'1 ~}' N W u7 6f) . N W 1~ h ~- N M V h M V' y h O W u7 h W O W h N h M M y O N O) N 07 ~ ~D N c0 M W O) OD N M M ~ O O N M V' N h W M Cp ~ Q O f'S Ui O t0 N .- f0 (n e- C) (p N M (D W O ~ .- N M W .- M M ~ M CO u1 M u~ V (O <f N M h ~O f~ C"M 6i O h h M O O tom- n M O F p ...~ N M ID (A <D M ~ N 00 N N M y N W d' cri V W N of N M a0 V' O O I O ~- N h M m 0 ' ~ W CO ~t N O O V (D W N O N W O) n ~O 4') h M V <D M O V' M Q1 M h h O h h (P ~ O O M M O Ui W W O' h C' N h h W ~ t0 W M O M , ~ W 11+ tp ~- ~ aD (p O ~ u) 0 V' 0 ~'- M h V O~ O N N V' ~- N n u) N ~ OP M f+ 01 OJ c0 W O f' In n r M a7 '- M O ~ O ~- u7 N m W CO O ttl O> '. M V W h M M M O W N V M V O] V' •- Q] N 0] N V - W et h O V' M h W h M ct1 V' '- Ct1 O CO V V N M CO 6) O O '- I.n h O ~ n O W h O O) V W ul N h 07 CO M h c1) ~- W V .- " N M O h lf7 N r ' N h h M O5 N M V' O O to M ' V M ~ N W V (O h 00 CO M h W N to O) O C !V N m 0' N < ~ N t` ~I N N N ~ ~ V h ~ W Q> W O V Q H N ~ OD ~ O V h (O h I M OD'N ~_ O N O h N tD aD 0 CO 0 OD m n N W N W ~-. ~ r M r- t0'-V' (D a0 N M Q) O> V V M N a % (O N r 'I h M Q) M 1) h N N O> tNC1 Q a O O O O O O O N Z W ~ Z Q = ~ "~ m a O O O `- N O OY I J F F W_ c~ ~ ~ h ri ~ ri ~ o ~ o ~ ri v of m a~ O Q ~ "" ro ~ cn a o o '- r; N u> ~ a M M M O M O ~ W V ~j V N V u) V v~ O F U o 0 0 o m m ~ LL ' ' W ~ ~ V V V ~ N o w y y N m N m ~ O M n M h r~ '- n ~ O ~ h- M M ro a7 ~n vim, ~'~ v Wv o 0 O o O h V W M M '. N )n O) Ot O> F W W (/1 ~ ap 00 t0 N N O N N M O W W M y N h N I ~ ~ h M h h ~ W () Z 0 f- cD ~ ~ C V tD t0 V 7, O ~ iy W ..- ni co ao 0 o m 4. W y a, ~ Of M O N N O (D N h O ~ N V a0 N M V 01 M . 0 N n 01 tp ~ •- W M O M u) CO h O W V' (p CO ~ <D l0 W tD t(i W O M M N W O J Q R' O )n N N M rn O c0 (D ~ O) ~ m V 1~ M M w ~ (D ~ M W n M ~ M ~ N O Q Z V a D O ( O i (D ' O O O OD OD [Q n M , r t•, ~ ~ W m Q) M O V V N V M V ~ `7 ~ V (O V r `P OD'~ O) V 0 O 1f) N N N M N V tf) N N (O N h N W N W W O p '- W N W M W ~ O N O (O n W i tD W p T 10 O n '- h N h M h V h N h (D h h r W h O r` O W Z i d N `~ ~ n ~ ~ ' ' W d V 5 O ~ ~ ~ 0 d o a h ~ ~ ~ Z W I h a+ 1 ~ ~° ) ~ ~ m ~ N 5 w o, ~ x~ _ H 7 G v) c I d ~ ~ ~ ~ W W U '~ Q~ ~ U ~ N W 7 ~" H I E ~ Q O E ~- Orn a ll I y W ' vM ~- °~ c m w ~ c ~ ~ F M Z 3 o f J c ~ c I ~ ~ N O a o H .d, ai L U O a ~ 5 d ~ c c O c o U ~ c ~ > ~ ~'° ~ c m «° ¢ ~ m E -~ N F- m a' a ''' + c C Nw a~' wl v •- _ > ~ ~ a ¢ F- W O O K O ~ LL c o ~ , W ~ m ~ p ~ ~ w ~ LL I m E )` ' W N yN fn ~ ' w J a ~ W L' ~ L" df .~ u E C ~ a'f ~ U (0 d > , R D y N a J E W Z. oty ~ ~ v> ¢ F- ¢ U y a~ C m J m N 'c c YJ O ~ C 8 a O) M W otj M d p (~ h O ~ ' F i n Z R w d N >. E .C . = FT ~ m ~ Yl X W A C ~ 7 p v » .o w ro h O.~ ~ ~ ~ °~ d 0 . d y V) > ~ fA d ~ a; o ~ N w o ¢ c> LL F ~ ~ LL F ~ ~ r v Q m an d O a~ ~ ~ m y ~ ~ ' «p a - c c a . > _ . r ~ d y C ._ N J J l0 f0 J ¢ v C .T. O ~ N °C E W - O y SS C otS _ C J ¢ 'Q ~ V J ~ J MM W O « ~ ~ ~ ~ .~ (~ I¢ ~ TO ~ 3 N ' N ' N ' 7 Q 7 E ° J ~, x ~ li ~ ~ ~ E E o o c_ . ~ ) c ._ c U ¢ m Q ~ . `o t-- Y c fn O_ m 2 m ~ C~ F- 0 m V ~ U Q ¢ d a~ ~ v ~C - ~ C o - - ~ .. 'w m d 'w E m a~ c O d _ -d m _ d J 6 J ¢ ~ ? c - - `«° W C O 5 O o c g o m N L W ~ ~ m a~ m ~ ~ + ,~ o y s i- > o ~ 0 O t0 a3i ~ m _a ~ c '~ m o' o L c 'c c 0 0 t°- a o c V U W = d 0 ~ U WIJ U H O C~ H F F ~ N W U' ¢ J H U= fn ~ W W W ~ F.. t.. V W TIF CITY OF Iowa City The Total Outstanding TIF Indebtedness is not used to determine the constitutional debt limit. Indebtedness as defined in Iowa Code Section 384.16, subsection 1, includes any TIF-financed agreement including all remaining payments for any annual appropriation agreements. Include the TOTAL amount for all remaining years of the agreement. Use best estimates for any agreement where the actual amount for future years is not known. Include the total amount of outstanding loans, advances, indebtedness, or bonds outstanding, including interest, at the close of themost recently ended Fsca~ year through the remainino term of the indebtedness, which will be paid from TIF revenues. TOTAL OUTSTANDING TIF INDEBTEDNESS INCLUDING INTEREST OWED ACTUAL 2009 PRINCIPAL on All Bonds Paid with TIF Revenues including interest to term 9,482,35 TIF Non-Bond Loans & Debt -Owed to Other Entities Self-Financed or Internal Loan TIF Debt Tax Rebatements & Other A reements Paid with TIF Revenues TOTAL OUTSTANDING TIF INDEBTEDNESS 9,482,35 TIF Revenues are those moneys paid into the Special Fund created in section 403.19. DO NOT include bond payments made with a Debt Service levy on property Include ONLY debt that is to be repaid from future Tax Increment Financing revenues. All debt and interest should only be listed once. Include principal and interest to term in all amounts. nl:,.l, ~.. . Neln ii4h I7nhnfoc ..,p. REBATES OR PAYMENTS TO ENTITIES FROM TAXES FUNDED BY TIF ENTITY NAME (Rebates do not include loans, SRF, project names, etc. See Help page for definition BUDGET 2011 RE-ESTIMATE 2010 ACTUAL 2009 1 AI la of Iowa, Inc. 127,035 98,342 81,557 z Ge Ambrose / Ambrose Development 34,410 34,410 34,600 3 South ate Develo ment Co. 129,930 105,116 105,442 a MGD L. C. 0 343,494 345,398 5 Owens Brockwa 0 0 29,871 s Mercer 27,499 95,491 115,224 7 United Natural Foods, Inc. 33,098 277,338 278,876 8 9 - - 10 11 12 _ 13 14 ___ 15 16 17 18 19 20 _ 21 22 23 24 25 26 27 28 29 30 31 32 33 34 _ 35 36 _ 37 _ 38 39 40 41 42 43 44 45 * TOTAL Rebates or Pa ments ~ s ,,., or o 351,972 n..,,.,~~n~~~ r 954,191 nn evennmen 990,968 maran fhe "I oral Keoates or raymems appears vn uie ~xpci~wwiw rayca, ~.~-~~~ ~~~