The URL can be used to link to this page

Home My WebLink AboutOrdinance 5189 r ZFaGb OCT 30 pM 3: 25 ORDINANCE NO, 5189 AN ORDINANCE LEVYING A TAX ON THE REAL AND PERSONAL PROPERTY WITHIN THE CITY OF FAYETTEVILLE, ARKANSAS, FOR THE YEAR 2008 FIXING THE RATE THEREOF AT 1 .3 MILLS FOR GENERAL FUND OPERATIONS, 0.4 MILLS FOR THE FIREMEN' S PENSION AND RELIEF FUND, 0.4 MILLS FOR THE POLICEMEN' S PENSION AND RELIEF FUND AND 1 .0 MILL FOR THE FAYETTEVILLE PUBLIC LIBRARY; AND CERTIFYING THE SAME TO THE COUNTY CLERK OF WASHINGTON COUNTY, ARKANSAS BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF FAYETTEVILLE, ARKANSAS: Section 1 : That a tax is hereby levied on the real and personal property within the City of Fayetteville, Arkansas, for the year 2008 to be collected in 2009 for the following purposes at the following rates: REAL AND PERSONAL PROPERTY Purpose Lev General Fund — Operations 1 .3 mills Fayetteville Public Library 1 .0 mills Policemen's Pension Fund 0.4 mills Firemen's Pension Fund 0.4 mills TOTAL 3. 1 mills Section 2: That the real and personal property tax so levied and the rates provided therefore are hereby certified to the Clerk of Washington County, Arkansas, to be placed in the tax book by the County Clerk and collected in the same manner that the county and school district taxes are collected. Page 2 Ord. No. 5189 Section 3 : The City Clerk is hereby authorized and directed to file certified copies of this ordinance in the office of the County Recorder, County Clerk, County Assessor, and the County Tax Collector for Washington County, Arkansas. 'cA�aG�'G�S PASSED and APPROVED this 28 h day of October, 2008 . :U : ; FAYETTEVILLE • '- APPROVED: ATTEST: �%s°9`NCM45P�Jam';' By: By: DAN COOD , Mayor SONDRA E. SMITH, City Clerk/Treasurer City of Fayetteville Staff Review Form /O/ 5 � &P6 City Council Agenda Items or Contracts 9/16/2008 ✓y City Council Meeting Date Paul A. Becker Finance Finance / 8 Submitted By Division Department Action Required : City Council is requested to adopt real and personal property tax rates for 2008 for the Policemen's Pension & Relief, the Firemen's Pension & Relief Funds, and the Fayetteville Public Library. The rate to be adopted for the Policemen's Pension & Relief Fund and the Firemen's Pension & Relief Fund is 0.4 mils for real property and 0.4 mils for personal property, the millage for the Fayetteville Public Library is 1 .0 mil for real property and 1 .0 mil for personal property. City Council is requested to adopt real and personal property tax rates for 2008 for the City's General Fund. The rate requested for the City's General Fund is 1 .3 mils for real property and 1 .3 mils for personal property. Cost of this request Category / Project Budget Program Category / Project Name Account Number Funds Used to Date Program / Project Category Name $ Project Number Remaining Balance Fund Name Budgeted Item Budget Adjustment Attached Previous Ordinance or Resolution # 5071 Department Director Date. Original Contract Date: Original Contract Number: City Attome78 Date Recei d in lerk's Office 9 . 2 - 6 $ Finance Director Date Received in Mayor's Office EQ Mayor e LL Comments: _ lr4anstzxzor Ura ORDINANCE NO. 5178 AN ORDINANCE LEVYING A TAX ON THE REAL AND PERSONAL PROPERTY WITHIN THE CITY OF FAYETTEVILLE, ARKANSAS, FOR THE YEAR 2008 FIXING THE RATE THEREOF AT 1 .3 MILLS FOR GENERAL FUND OPERATIONS, 0.4 MILLS FOR THE FIREMEN'S PENSION AND RELIEF FUND, 0.4 MILLS FOR THE POLICEMEN' S PENSION AND RELIEF FUND AND 1 .0 MILL FOR THE FAYETTEVILLE PUBLIC LIBRARY; AND CERTIFYING THE SAME TO THE COUNTY CLERK OF WASHINGTON COUNTY, ARKANSAS BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF FAYETTEVILLE, ARKANSAS: Section 1 : That a tax is hereby levied on the real and personal property within the City of Fayetteville, Arkansas, for the year 2008 to be collected in 2009 for the following purposes at the following rates: REAL AND PERSONAL PROPERTY Purpose Levy General Fund — Operations 1 .3 mills Fayetteville Public Library 1 .0 mills Policemen' s Pension Fund 0.4 mills Firemen's Pension Fund 0.4 mills TOTAL 3 . 1 mills Section 2: That the real and personal property tax so levied and the rates provided therefore are hereby certified to the Clerk of Washington County, Arkansas, to be placed in the tax book by the County Clerk and collected in the same manner that the county and school district taxes are collected. Page 2 Ord. No. 5178 Section 3 : The City Clerk is hereby authorized and directed to file certified copies of this ordinance in the office of the County Recorder, County Clerk, County Assessor, and the County Tax Collector for Washington County, Arkansas. ` ERKITR�-4S.,,. y . ' \� Y 0 PASSED and APPROVED this 16'hday of September, 2008. ;ti G ° °• 'p FAYETTEVILLE ° APPROVED: ATTEST: '11j4#141111 IW By. By. vA�� r DAN COODY, Mayor SONDRA E. SMITH, City Clerk/Treasurer • aeeVle ARKANSAS DEPARTMENTAL CORRESPONDENCE TO: Mayor Dan Coody and Fayetteville City Council FROM: Paul A. Becker, Director of Finance DATE: August 29, 2008 SUBJECT: 2008 Millage Levy Recommendation: City staff recommends that City Council approve the millage levy ordinance approving the 0.4 mils for the Policemen's Pension and Relief Fund, 0.4 mils for the Firemen' s Pension and Relief Fund, 1 .0 mils for the Fayetteville Public Library, and 1 .3 mils for 2009 General Fund operations. Background : Each year the City must approve an ordinance to renew the levy of ad valorem taxes on real and personal property within the City. This request will provide for such levy on property assessed during 2008. The total assessed value of real and personal property located within the city limits of Fayetteville, as of August 4, 2008, is approximately S 1 .271 billion. The assessed valuation is before the Washington County Board of Equalization has made all the changes to the County Assessors Abstract. Based on the preliminary assessments, the growth in real estate assessments is approximately 7.88%. The change in assessed real estate value is due to newly discovered, newly constructed property 5 . 19% Discussion : A millage levy ordinance must be approved by City Council in order for the City to continue to collect property taxes for the Policemen's Pension and Relief Fund and the Firemen' s Pension and Relief Fund. The millage levy for the Policemen' s Pension and Relief Fund is 0.4 mils for real property and 0.4 mils on personal property. The millage levy for the Firemen' s Pension and Relief Fund is 0.4 mils for real property and 0.4 mils on personal property as was approved by referendum. A millage levy ordinance must be approved for the operation of the Fayetteville Public Library and that was approved by the voters on October 1 , 2002. The millage levy for the Fayetteville Public Library is 1 .0 mils for real property and 1 .0 mils on personal property. Finally, City staff is requesting that City Council approve a millage levy ordinance for General Fund operations in the amount of 1 .3 mils for both real and personal property. The 2009 proposed property tax revenue amount based on the 1 .3 mil levy is estimated to bring in $ 1 ,570,000 in General Fund revenue. The 2009 Proposed General Fund Budget will be distributed to City Council on Tuesday, September 9 at the City Council agenda session. Additional meetings during the months of September and October to discuss the millage levy will be held as needed. A proposed calendar is shown below: Tuesday, September 9 Agenda Session / 2009 General Fund Budget Distributed Tuesday, September 16 City Council Meeting Tuesday, September 30 Agenda Session Tuesday, October 7 City Council Meeting Tuesday, October 14 Agenda Session Tuesday, October 21 City Council Meeting Budget Impact: The 0.4 mils Police and 0.4 mils Fire is needed to fund the Pension plans for both areas. The 1 .0 mils is used to fund the operation of the Fayetteville Public Library. The 1 .3 mils will be used to fund General Fund operations. Conclusion : The millage levy must be at Washington County in time to be included in their consolidated levy ordinance which will be approved at the November 13, Quorum Court meeting. The deadline for receipt is set by the County. Last year that deadline was October 31 . The City levy will be added to the levies by Washington County, the various school districts, improvement districts and other cities within the County when the Washington County Quorum Court adopts its millage levy for 2008. The administration is requesting the same millage rate as was approved in 2007 as follows: 1 .3 mils for General Fund Operations 1 .0 mils for the Fayetteville Public Library 0.4 mils for the Police Pension Fund 0.4 mils for the Fire Pension Fund If you have any questions concerning this agenda request please contact me at 575-8330. 1 ORDINANCE NO. AN ORDINANCE LEVYING A TAX ON THE REAL AND PERSONAL PROPERTY WITHIN THE CITY OF FAYETTEVILLE, ARKANSAS, FOR THE YEAR 2008 FIXING THE RATE THEREOF AT 1 .3 MILLS FOR GENERAL FUND OPERATIONS, 0.4 MILLS FOR THE FIREMEN ' S PENSION AND RELIEF FUND, 0.4 MILLS FOR THE POLICEMEN ' S PENSION AND RELIEF FUND AND 1 .0 MILL FOR THE FAYETTEVILLE PUBLIC LIBRARY; AND CERTIFYING THE SAME TO THE COUNTY CLERK OF WASHINGTON COUNTY, ARKANSAS BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF FAYETTEVILLE, ARKANSAS: Section l : That a tax is hereby levied on the real and personal property within the City of Fayetteville, Arkansas, for the year 2008 to be collected in 2009 for the following ' purposes at the following rates: REAL AND PERSONAL PROPERTY Purpose Levy General Fund — Operations 1 .3 mills Fayetteville Public Library 1 .0 mills Policemen' s Pension Fund 0.4 mills Firemen' s Pension Fund 0.4 mills TOTAL 3 . 1 mills Section 2: That the real and personal property tax so levied and the rates provided therefore are hereby certified to the Clerk of Washington County, Arkansas, to be placed in the tax book by the County Clerk and collected in the same manner that the county and school district taxes are collected. ± k Section 3 : The City Clerk is hereby authorized and directed to file certified copies of this ordinance in the office of the County Recorder, County Clerk, County Assessor, and the County Tax Collector for Washington County, Arkansas. PASSED and APPROVED this 161h day of September, 2008. APPROVED: ATTEST: By: By: DAN COODY, Mayor SONDRA E. SMITH, City Clerk/Treasurer City of Fayetteville Property Tax Revenue per Mil August 4, 2008 Millage Approximate Revenue 0. 10 $ 121 ,000 0.20 $ 242,000 0.30 $ 362,000 0.40 $ 4837000 0.50 $ 6041000 0.60 $ 7251000 0.70 $ 845,000 0.80 $ 966,000 0.90 $ 1 ,087,000 1 .00 $ 1 ,208,000 1 .20 $ 19449,000 1 .30 $ 15570,000 2 .00 $ 21415,000 2 .20 $ 21657,000 2 .70 $ 3,261 ,000 3.20 $ 318657000 3.70 $ 4,4681000 4.20 $ 5,072 ,000 4.70 $ 5,676,000 The millage revenue reflected above is based on the Washington County Preliminary Summary Report of County Assessments for the Year 2008 dated August 4, 2008 and excludes real and personal property for Utilities. The City Council can approve up to 5.0 mils for operations. The table assumes a 95% collection rate. Total real and personal property assessments for 2008 amount to approximately $1 ,208 million excluding real estate and personal property for utilities. Property Tax Impact Illustration Appraised Value Assessed Value 1 Mil Tax / Year Single Family Home $ 75,000 $ 15,000 $ 15.00 Single Family Home $ 100,000 $ 20,000 $ 20.00 Single Family Home $ 150,000 $ 30,000 $ 30.00 # § R \S S S @ ' /® f \ \ \ \\ k \ 00 @ / S / Jam ƒ & 69J { » c o = LO § ƒ / L6 s a a # w e - § n f » \ o / � ' ' ' ' ' % Q) � n o R R k ° j 2 w , , o E 5 = g 2 u j Q. / / § » e § o o g r R = \ Q O \ \ w & 6 6 0 2I § o ƒ o � CO @ s o oo & m E o / § ( / CL CULL E (n _ & \ ) < 3 0 / (D § £ 7 a a a ? ? c e k k U) U) / o o $ e 2 o \ \ } 3 k W 2 \ \ < ORDINANCE NO, 5071 AN ORDINANCE LEVYING A TAX ON THE REAL AND PERSONAL PROPERTY WITHIN THE CITY OF FAYETTEVILLE, ARKANSAS, FOR THE YEAR 2007 FIXING THE RATE THEREOF AT 1 .3 MILLS FOR GENERAL FUND OPERATIONS, 0.4 MILLS FOR THE FIREMEN'S PENSION AND RELIEF FUND, 0.4 MILLS FOR THE POLICEMEN'S PENSION AND RELIEF FUND AND 1 .0 MILL FOR THE FAYETTEVILLE PUBLIC LIBRARY; AND CERTIFYING THE SAME TO THE COUNTY CLERK OF WASHINGTON COUNTY, ARKANSAS BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF FAYETTEVILLE, ARKANSAS: Section 1 : That a tax is hereby levied on the real and personal property within the City of Fayetteville, Arkansas, for the year 2007 to be collected in 2008 for the following purposes at .the following rates: REAL AND PERSONAL PROPERTY Purpose Lev General Fund — Operations 1 .3 mills Fayetteville Public Library 1 .0 mills Policemen's Pension Fund 0.4 mills Firemen's Pension Fund 0.4 mills TOTAL 3 . 1 mills Section 2: That the real and personal property tax so levied and the rates provided therefore are hereby certified to the Clerk of Washington County, Arkansas, to be placed in the tax book by the County Clerk and collected in the same manner that the county and school district taxes are collected.