HomeMy WebLinkAboutOrdinance 5712ORDINANCE NO.5712 AN ORDINANCE LEVYING A TAX ON THE REAL AND PERSONAL PROPERTY WITHIN THE CITY OF FAYETTEVILLE, ARKANSAS, FOR THE YEAR 2014 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 2014 to be collected in 2015 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 and Relief Fund 0.4 mills Firemen's Pension and Relief Fund 0.4 mills TOTAL 3.1 mills Section 2. That the real and personal property tax so levied and the rates provided therefor are hereby certified to the County Clerk of Washington County, Arkansas, to be placed in the tax book and collected in the same manner that the county and school district taxes are collected. 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. Page 2 Ordinance No. 5712 PASSED and APPROVED this day of 16t" day of September, 2014. APPROVED: ATTEST: By:- SONDRA E. SMITH, City Clerkjgij�jgq K FAYE77-EVILLE Paul A. Becker Submitted By City of Fayetteville Staff Review Form 2014-0379 Legistar File ID 9/16/2014 City Council Meeting Date - Agenda Item Only N/A for Non -Agenda Item 8/21/2014 Submitted Date Chief Financial Officer/ Finance & Internal Services Department Action Recommendation: Division / Department City Council is requested to adopt real and personal property tax rates for 2014 for the Policemen's Pension & Relief, the Firemen's Pension & Relief Funds, the Fayetteville Public Library and the City's General Fund. 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 rate for the Fayetteville Public Library is 1.0 mil for real property and 1.0 mil for personal property. The rate requested for the City's General Fund is 1.3 mils for real property and 1.3 mils for personal property. Account Number Project Number Budgeted Item? NA Does item have a cost? NA Budget Adjustment Attached? NA Budget Impact: Fund Project Title Current Budget $ - Funds Obligated $ - Current Balance Item Cost Budget Adjustment Remaining Budget V20140710 Previous Ordinance or Resolution # 5621 f % Original Contract Number: / Approval Date: Comments: 4 a R-- vi-_t, g - z-1- Uk 14- , A�, 8 ->7--1 L// CITY OF Tay � ��1 � ARKANSAS MEETING OF SEPTEMBER, 16, 2014 TO: Mayor and City Council CITY COUNCIL AGENDA MEMO THRU: Don Marr, Chief of Staff FROM: Paul A. Becker, Chief Financial Officer DATE: August 21, 2014 SUBJECT: 2014 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 2015 General Fund operations. This will continue the same millage as levied last year. 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 2014. As of August 4, 2014 the total assessed value of real and personal property located within the city limits of Fayetteville is approximately $1.331 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 property assessments is approximately 2.0%. 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. Mailing Address: 113 W. Mountain Street www.fayetteville-ar.gov Fayetteville, AR 72701 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 2014 proposed property tax revenue amount based on the 1.3 mil levy is estimated to bring in $1,707,000 in General Fund revenue. Below is a proposed calendar of meetings during the months of September and October to discuss the millage levy. Tuesday, September 9 Agenda Session 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/STAFF IMPACT: The 0.4 mils Police and 0.4 mils Fire is needed to fund the Pension plans for both. 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 20, Quorum'. Court meeting. The deadline for receipt of the City's levy by the County is 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 2014. The administration is requesting the same millage rate as was approved in 2013 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. Attachments: SRF2014 Property Tax SRM__2014 Millage Levy Agenda Millage Increase Preliminary 08042014 2 City of Fayetteville Property Tax Revenue per Mil August 4, 2014 Millage Approximate Revenue 0.10 $ 1311000 0.20 $ 263,000 0.30 $ 394,000 0.40 $ 525,000 0.50 $ 656,000 0.60 $ 788,000 0.70 $ 919,000 0.80 $ 1,050,000 0.90 $ 1,182, 000 1.00 $ 1,313,000 1.20 $ 1,576,000 1.30 $ 1,707,000 2.00 $ 2,626,000 2.10 $ 2,757,000 2.60 $ 3,414,000 3.10 $ 4,070,000 3.60 $ 4,727,000 4.10 $ 5,383,000 4.60 $ 6,040,000 The millage revenue reflected above is based on the Washington County Preliminary Report of County Assessments for the Year 2014 dated August 4, 2014 and includes 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 2015 amount to approximately $1,334 million excluding real estate and personal property for utilities. Property Tax Impact Illustration Appraised Value Assessed Value 1 Mil Tax / Year Single Family Home $ 75,000.00 $ 15,000.00 $ 15.00 Single Family Home $ 100,000.00 $ 20,000.00 $ 20.00 Single Family Home $ 150,000.00 $ 30,000.00 $ 30.00 ORDINANCE NO. AN ORDINANCE LEVYING A TAX ON THE REAL AND PERSONAL PROPERTY WITHIN THE CITY OF FAYETTEVILLE, ARKANSAS, FOR THE YEAR 2014 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 2014 to be collected in 2015 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 and Relief Fund 0.4 mills Firemen's Pension and Relief Fund 0.4 mills TOTAL 3.1 mills Section 2. That the real and personal property tax so levied and the rates provided therefor are hereby certified to the County Clerk of Washington County, Arkansas, to be placed in the tax book and collected in the same manner that the county and school district taxes are collected. 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 day of 161h day of September, 2014. APPROVED: ATTEST: Page 2 Ordinance No. By: By: LIONELD JORDAN, Mayor SONDRA E. SMITH, City Clerk/Treasurer WASHINGTON COUNTY STATE OFARKANSAS Washington County Courthouse 280 North College Avenue, Suite 300 1.a Fayetteville, Arkansas 72701 Telephone: (479) 444-1711 Fax: (479) 444-1894 BECKY LEWALLEN County And Probate Clerk City Clerk Dear Clerk: RE0EIVED SEP 12 2014 CITY OF FAYETTEVILLE CITY CLERK'S OFFICE Please submit the tax levy figures for your City for the year 2014. The Quorum Court meets on November 215t. I need this information by November 1 st. Please give us the total levy figure and complete breakdown of tax in the space provided below. This information must be provided on this form. Sincerely yours, 0 Becky Lewallen Washington County Clerk TOTAL 3.1 BREAKDOWN General Fund —Operations 1.3 mills MILLS Fayetteville Public Library 1.0 mills Policemen's Pension & Relief Fund 0.4 mills Firemen's Pension & Relief Fund 0.4 mills SIGNATURE AND TITLE OF PERSON AUTHORIZED TO SUBMIT TAX FILE COPY OFFICE OF THE CITY CLERK TREASURER Sondra E. Smith — City Clerk Treasurer Lisa Branson — Deputy City Clerk 113 W. Mountain Street, Suite 308 Fayetteville, AR 72701 October 8, 2014 Becky Lewallen Washington County Clerk Washington County Courthouse 280 North College Avenue, Suite 300 Fayetteville, Arkansas 72701 RE: City of Fayetteville Real and Personal Property Tax Levy 2014 Ordinance No. 5712 Dear Ms. Lewallen, Phone 479.575.8323 cityclerk@fayettevifle-ar.gov c� o crr O n w Attached is a copy of Ordinance No. 5712 that was passed and approved by the Fayetteville City Council on September 16, 2014 levying the real and personal property tax rates for the City of Fayetteville for the year 2014. I hereby certify that Ordinance No. 5712 is a true and correct copy filed in my office on the 16`s day of September, 2014. Thank you in advance for your attention to this matter, Sincerely, Sondra E. Smith City Clerk/Treasurer City of Fayetteville, Arkansas cc: Lioneld Jordan, Mayor Paul Becker, Finance Director Kit Williams, City Attorney Kevin Springer, Budget Director Kyle Sylvester, County Recorder/Circuit Clerk Jeff Williams, County Assessor David Ruff, County Tax Collector WASHINGTON COUNTY STATE OFARKANSAS Washington County Courthouse 280 North College Avenue, Suite 300 Fayetteville, Arkansas 72701 Telephone: (479) 444-1711 Fax: (479) 444-1894 BECKY LEWALLEN County And Probate Clerk City Clerk Dear Clerk: REC EIVED . SEP 12 2014 CITY OF FArcTTEVILLE CITY CLERK'S OFFICE Please submit the tax levy figures for your City for the year 2014. The Quorum Court meets on November 21". I need this information by November 1 st. Please give us the total levy figure and complete breakdown of tax in the space provided below. This information must be provided on this form. Sincerely yours, Becky Lewallen Washington County Clerk TOTAL 3.1 BREAKDOWN General Fund -Operations 1.3 mills MILLS Fayetteville Public Library 1.0 mills Policemen's Pension & Relief Fund 0.4 mills Firemen's Pension & Relief Fund 0.4 mills SIGNATURE AND TITLE OF PERSON AUTHORIZED TO SUBMIT TAX CERTIFICATE OF KECORD City of Fayetteville State of Arkansas Iss, I,Sondra E. Smith, City Clerk/Treasurer for the City of Fayetteville, do hereby Certify that the foregoing Instrument is a true and correct copy of tie original f1ftdin y n Zice on the- -_Ito day of ' . wtness hand anm��y d seal t 's..._�day of Sondra E, Smith, City ClerlQTreasurer ORDINANCE NO.5712 AN ORDINANCE LEVYING A TAX ON THE REAL AND PERSONAL PROPERTY WITHIN THE CITY OF FAYETTEVILLE, ARKANSAS, FOR THE YEAR 2014 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 2014 to be collected in 2015 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 and Relief Fund 0.4 mills Firemen's Pension and Relief Fund 0.4 mills TOTAL 3.1 mills Section 2. That the real and personal property tax so levied and the rates provided therefor are hereby certified to the County Clerk of Washington County, Arkansas, to be placed in the tax book and collected in the same manner that the county and school district taxes are collected. 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. Page 2 Ordinance No. 5712 PASSED and APPROVED this day of 16lh day of September, 2014. APPROVED: ATTEST: By:� A,�j SONDRA E. SMITH, City Clerk. ;;qo }}Fer K / T����ii, i b T Y D FAYE77rEV :mot z: rLLEON • - 11111100 City of Fayetteville Staff Review Form 2014-0379 Legistar File ID 9/16/2014 City Council Meeting Date - Agenda Item Only N/A for Non -Agenda Item Paul A. Becker 8/21/2014 Chief Financial Officer/ Finance & Internal Services Department Submitted By Submitted Date Division / Department Action Recommendation: City Council is requested to adopt real and personal property tax rates for 2014 for the Policemen's Pension & Relief, the Firemen's Pension & Relief Funds, the Fayetteville Public Library and the City's General Fund. 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 rate for the Fayetteville Public Library is 1.0 mil for real property and 1.0 mil for personal property. The rate requested for the City's General Fund is 1.3 mils for real property and 1.3 mils for personal property. Account Number Project Number Budgeted Item? NA Does item have a cost? NA Budget Impact: ` Current Budget Funds Obligated Current Balance Item Cost Fund Project Title S - 0 Budget Adjustment Attached? NA Budget Adjustment Remaining Budget $ - V20140710 Previous Ordinance or Resolution # 5621 Original Contract Number: Approval Date: Comments: 4 1 ck-- `d .- L, 2? - rL-7 - 'fib Y ,CYV'-AL 8-;'/r1y CITY OF aye e e ARKANSAS MEETING OF SEPTEMBER, 16, 2014 TO: Mayor and City Council THRU: Don Marr, Chief of Staff CITY COUNCIL AGENDA MEMO FROM: Paul A. Becker, Chief Financial Officer DATE: August 21, 2014 SUBJECT: 2014 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 2015 General Fund operations. This will continue the same millage as levied last year.. 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 2014. As of August 4,'2014 the total assessed value of real and personal property located within the city limits of Fayetteville is approximately $1.331 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 property assessments is approximately 2.0%. 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. Mailing Address: 113 W. Mountain Street Fayetteville, AR 72701 www.fayetteville-ar.gov 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 2014 proposed property tax revenue amount based on the 1.3 mil levy is estimated to bring in $1,707,000 in General Fund revenue. Below is a proposed calendar of meetings during the months of September and October to discuss the millage levy. Tuesday, September 9 Agenda Session Tuesday, September 16 Tuesday, September 30 Tuesday, October 7 City Council Meeting Agenda Session City Council Meeting Tuesday, October 14 Agenda Session Tuesday, October 21 City Council Meeting BUDGET/STAFF IMPACT: The 0.4 mils Police and 0.4 mils Fire is needed to fund the Pension plans for both. 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 20, Quorum, Court meeting. The deadline for receipt of the City's levy by the County is 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 2014. The administration is requesting the same millage rate as was approved in 2013 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. Attachments: SRF2014 Property Tax SRM__2014 Millage Levy Agenda Millage Increase Preliminary 08042014 City of Fayetteville Property Tax Revenue per Mil August 4, 2014 Millage Approximate Revenue _ 0.10 $ 131,000 0.20 $ 263,000 0.30 $ 394,000 0.40 $ 525,000 0.50 $ 656,000 0.60 $ 788,000 0.70 $ 919,000 0.80 $ 1,050,000 0.90 $ 1,182, 000 1.00 $ 1,313,000 1.20 $ 1,576,000 1,30 $ 1,707,000 2.00 $ 2,626,000 2.10 $ 2,757,000 2.60 $ 3,414,000 31b $ 4,070,000 3.60 $ 4,727,000 4.10 $ 5,383,000 4.60 $ 6,040,000 The millage revenue reflected above is based on the Washington County Preliminary Report of County Assessments for the Year 2014 dated August 4, 2014 and includes 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 2015 amount to approximately $1,334 million excluding real estate and personal property for utilities. Single Family Home Single Family Home Property Tax Impact Illustration Appraised Value $ 75,000.00 $ 100,000.00 Single Family Home $ 150,000.00 Assessed Value $ 15, 000.00 1 Mil Tax/ Year $ 15.00 $ 20,000.00 $ 20.00 $ 30,000.00 $ 30.00 ORDINANCE NO. AN ORDINANCE LEVYING A TAX ON THE REAL AND PERSONAL PROPERTY WITHIN THE CITY OF FAYETTEVILLE, ARKANSAS, FOR THE YEAR 2014 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 2014 to be collected in 2015 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 and Relief Fund 0.4 mills Firemen's Pension and Relief Fund 0.4 mills TOTAL 3.1 mills Section 2. That the real and personal property tax so levied and the rates provided therefor are hereby certified to the County Clerk of Washington County, Arkansas, to be placed in the tax book and collected in the same manner that the county and school district taxes are collected. 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. Page 2 Ordinance No. PASSED and APPROVED this day of 16`hday of September, 2014. APPROVED: By: LIONELD JORDAN, Mayor ATTEST: SONDRA E. SMITH, City Clerk/Treasurer NORTHWEST ARKANSAS DEMOCRAT -GAZETTE NORTHWESTARKANSAS THE MORNING NEWS OF SPRINGDALE SPME16LLC THE MORNING NEWS OF ROGERS NORTHWEST ARKANSASTIMES BENTON COUNTY DAILYILYRRECORD 212 NORTHEAST AVENUE, FAYETTEVILLE, ARKANSAS 72701 1 P.O. BOX 1607, 72702 1 479.442.1700 1 WWW.NWANEWS.COM AFFIDAVIT OF PUBLICATION I, Karen Caler, do solemnly swear that I am the Legal Clerk of the Northwest Arkansas Newspapers, LLC, printed and published in Washington and Benton County, Arkansas, bona fide circulation, that from my own personal knowledge and reference to the files of said publication, the advertisement of: City of Fayetteville - Ordinance 5712 Was inserted in the Regular Editions on: Sept. 25, 2014 Publication Charges: $ 116.73 Ka n C ler Subscribed and sworn to before me This 001 day of �- , 2014. Notary Public My Commission Expires: 7Arkansas LES n County # 12397118 s Feb 20, 2024 * *NOTE* * Please do not pay from Affidavit. Invoice will be sent. SEP 2 6 2014 CITY OF FAYETTEVILLE CITY CLERK'S OFFICE