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Home My WebLink About01-117 - ADMIN Resolution - City Council - 2001/10/15• • RESOLUTION NO. 01-117 RESOLUTION APPROVING 2002 BUDGET AND SERVICE CHARGES FOR SPECIAL SERVICE DISTRICT No. 1 WHEREAS, pursuant to Ordinance No 2067-96, the City Council created Special Service Distnct No. 1 (the "District"). The specific properties located within the Distnct are identified on Exhibit "A" attached hereto; and WHEREAS, pursuant to Resolution No. 96-87, the City Council is authonzed to impose service charges within the District on a multi-year basis through and including the year 2006 for taxes payable in said year; and WHEREAS, pursuant to Section 2.04 of Resolution No. 96-87, the maximum service charge to be imposed in any year will be subject to adjustment calculations based on Consumer Pnce Index (CPI) data for the Minneapolis/St. Paul Metropolitan Area; and WHEREAS, an increase in the annual service charge for 2002 meets the requirements set forth in the inflation adjustment cap; and WHEREAS, pursuant to Section 3 of Resolution No. 96-87, the Service Charges shall be payable and collected at the same time and in the same manner as provided for payment and collection of ad valorem taxes; and WHEREAS, the City is required by Statute to certify assessments to the County by November 30, 2001. NOW THEREFORE BE IT RESOLVED by the City Council of the City of St. Louis Park as follows: 1 The 2002 Budget for Special Service Distnct No. 1 of $119,500 is hereby approved as recommended by the Special Service Distnct No. 1 Advisory Board. 2. The authonzed 2002 Service Charge for Special Service Distnct No. 1 is $106,000 in the amounts and against the properties specified on Exhibit "A" attached to this Resolution. Reviewed for Administration. Ad Attest: A 5,r -L4 ---.7Z_. 0. /1-4_,,,./Li- 0 y Clerk ;2001 ted by the City Council October 15, CITY OF ST LOUIS PARK, MINNESOTA SPECIAL SERVICE DISTRICT q 1 STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL 2002 Budget Public Hearing 2002 2001 2001 2000 Object 2002 2001 2001 2001 2000 Code Budget Budget Budget Anticipated Actual (Proposed) (adopted) (revised) Revenue Service Fees - City Property 3419 27,379 27,379 27,379 72,622 Service Fees - Snow Hauling 3419 3.000 3.000 6,000 Charges for Services (Special Assessments) 3701 78.621 78.621 78.621 78,621 54,249 Interest on investments 3780 2,067 340 4,067 2,000 8.104 Other payments (Park Shores) 3791 1.933 1,933 1.933 1,933 Total Revenue 113.000 106,340 115,000 161,176 64,286 Expenditures Equipment / Supplies 4225 1,000 Banner Replacements 4225 2.500 Special Signage (traffic, parking, events) 4225 Landscape Matenals (trees, shrubs, sod, etc) 4227 3,000 1,000 2,000 5,000 Cleaning/Waste Removal Supplies 4251 100 500 500 General Supplies 4269 1,500 Legal Notices 4341 200 200 200 Comp liability insurance for public space improvements 4355 Electncal service for pedestnan lighting 4361 3,000 2500 2,500 Electrical service for decorabve lighting 4361 Refuse removal and recycling costs 4362 1,500 1,000 1.500 1,500 Banner installation and removal 4425 2,500 2,500 2,500 Low level pedestnan lighting and pole repair 4425 2,500 1,000 1,000 Installation, maintenance and removal of decorative lighting 4425 Cleaning, maintenance & repair infrastructure 4425 4,000 12.500 4,800 Landscape maintenance services 4427 25,400 25,000 22,500 Irrigation System maintenance and repair 4427 4,000 3,000 Cleaning of street sidewalk, and alley 8 graffiti removal 4451 0 2,500 3,000 Snow and ice removal 4467 62.500 68,500 62,500 Administration / Promotional 4467 4,000 6,000 Contingencies 4900 3.300 5,000 Capital Expenses 4475 5.500 2,000 2,000 1,577 1,698 107 2,500 2,532 944 1,995 4.800 22.500 18.662 4.000 3,711 0 62,500 47.609 3,000 1.442 467 Total Expenditures 119,500 119,500 119,500 112,000 80,744 Revenue over (under) expenditures -6,500 -4,500 49,176 -16,458 Fund balance • January 1, 2000 Fund balance • January 1, 2001 83,326 Fund Balance • Current Fund balance • January 1, 2002 (unadjusted) 132,502 2002 Service Charge adjustment 53.000 Fund balance - January 1, 2002 (adjusted) 79,502 83.326 83,326 78,826 132,502 99,784 83,326 19 • CITY OF ST. LOUIS PARK Special Service District #1 Estimated Annual Cost Per Parcel Authorized 2002 Service Charge PAR. NO. 1 3601 2 3601 3 3777 4 5400 5 3900 6 5500 7 5200 8 5100 9 3800 10 3800 11 5050 12 5000 13 4950 14 4920 15 4916 16 4951 17 4961 18 4995 19 5001 20 5201 21 3700 TOTAL Note: (1) ADDRESS Park Center Boulevard Sth 100 South Park Center Boulevard 39th Street West Park Nicollet Boulevard Excelsior Boulevard Excelsior Boulevard Excelsior Boulevard Park Nicollet Boulevard Park Nicollet Boulevard Excelsior Boulevard Excelsior Boulevard Excelsior Boulevard Excelsior Boulevard Excelsior Boulevard Excelsior Boulevard Excelsior Boulevard Excelsior Boulevard Excelsior Boulevard Excelsior Boulevard Montery Drive OWNER PCOB Properties LLC Dayton Hudson Corp Park Center Ltd AAA Minneapolis Park Nicollet Health Services Tower Place LLC TowerPlace LLC Park Nicollet Health Services Park Nicollet Health Services Park Nicollet Health Services Park Nicollet Health Services Park Nicollet Health Services Koblas Park Nicollet Health Services Park Nicollet Health Services Park Nicollet Health Services Intercity Investment Prop Intercity Investment Prop Intercity Investment Prop Intercity Investment Prop City of St Louis Park • I• 2002 SERVICE CHARGE (unadjusted) 5,489 11,764 12,220 6,012 4,751 5,589 1,571 2,052 5,773 1,281 3,720 846 633 510 756 5,041 692 917 644 8,361 27,379 PROPOSED 2002 SERVICE CHARGE 2,745 5,882 6,110 3,006 2,376 2,794 785 1,026 2,886 641 1,860 423 316 255 378 2,521 346 458 322 4,180 13,689 ACTUAL 2001 SERVICE CHARGE 5,489 11,764 12,220 6,012 4,751 5,589 1,571 2,052 5,773 1,281 3,720 846 633 510 756 5,041 692 917 644 8,361 27,379 ACTUAL 2000 SERVICE CHARGE 3,730 8,068 8,465 4,106 3,190 3,729 1,048 1,453 4,281 950 2,589 582 426 351 520 3,378 480 643 446 5,785 19,587 Exhibit "A" 2000 SERVICE CHARGE (unadjusted) 5,489 11,764 12,220 6,012 4,751 5,589 1,571 2,052 5,773 1,281 3,720 846 633 510 756 5,041 692 917 644 8,361 27,379 $106,000 $53,000 $106,000 73,806 The proposed 2002 service charge Is 50% of the unadjusted 2002 service charge. The adjustment was made to reduce the operating reserve fund to a level sufficient to provide for future needs. (2) The proposed 2002 service charge calculations are based upon the same methodology / formulas used for the initial service charge collection. 106,000 20